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Category: Insolvency News

A brief history of credit cards

December 4, 2017

We have spoken about the phenomenon of credit cards several times in other blogs but this article from the BBC speaks very succinctly to the history of credit cards and how we have become so indebted. Credit cards are the most popular and convenient form of credit on the market. In many circles they are […]

Fourth Time Bankruptcy

November 9, 2017

We were recently in court for discharge hearings for a fourth time bankrupt as well as two third time filers. The court is empowered to refuse to discharge repeat bankrupts, effectively sending them back to the wolves to be dealt with by collectors and possibly lawyers. However, in most cases the court will allow a […]

Dealing with rude collectors

November 8, 2017

You have bills and your creditors have a right to collect overdue accounts. But they must stay within the constraints of the law. You also have rights which are set out here. One way of dealing with rude collectors is to download the problem to our office by opening a file to resolve your debts […]

Repay less than 2% of your debts

November 6, 2017

Yes, that is possible for some people, everyone’s situation is different. The lowest payment on a proposal we have ever seen was for less than one penny on the dollar – more than a 99% saving. Some of our competitors advertise that they will save you 70% or even 80% of your debts. But they […]

New Mortgage Rules

October 31, 2017

New mortgage qualifying rules will come into effect in January 2018. Many consumers are in a rush to obtain mortgages before the changes, but is that a good idea? Let’s think about changes in mortgages during the last fifty years. Fifty years ago, about half as many Canadians had their name on title as property […]

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