111 Waterloo Street, Suite 310
London, ON N6B 2M4

HAVE YOU EVER ASKED YOURSELF “WHY DID I SIGN THAT?”

September 5, 2017

I’ll bet that many people have, and usually right after something they co-signed for has gone awry.   Most people seem not to think of it this way – when they hear about loan refusals or people not qualifying for a mortgage and so on – but banks are in the business of lending money. Banks […]

Living without debt is possible

September 5, 2017

We just need to change our expectations Canadians, of all income levels, have developed an unprecedented dependency on debt. Contrary to widely held views, most people struggling with debt are middle and high-income earners. People with low or no income simply do not qualify for loans or credit cards. Interestingly, very few Canadians have a […]

WHAT IS THE NUMBER ONE CAUSE OF BANKRUPTCY?

September 5, 2017

Would you be surprised if I said “too much debt”? It goes without saying that having too much debt is the main reason that anyone would consider filing for bankruptcy but when is too much debt really too much? If you are reading this post you most likely have debts – very few people are […]

WHAT HAPPENS TO STATUTE BARRED DEBTS

September 5, 2017

IN BANKRUPTCY PROCEEDINGS? The Limitations Act of Ontario sets the basic limitation period at two years.  Accordingly, if you owe a debt, that you have stopped making payments on for a period of two years or more the creditor is “barred” from resorting to legal proceedings to collect the obligation.   In other words the creditor […]

DO YOU RENT YOUR HOUSE FROM THE CRA?

September 5, 2017

Some people do and don’t even realize it! The Canada Revenue Agency (CRA) is notorious for its sometimes seemingly draconian collection abilities.  They can garnishee incomes and accounts and register on title of property with the need for Court Orders.  When the Agency makes mistakes, and they do, there is little recourse unless it is […]

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