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Category: Insolvency News

Ontario Debt Forgiveness

September 5, 2017

Have you seen the advertisements on facebook? Learn more, read this article. For me, it’s hard to believe that these folks are still at it and still, apparently making money, but then I do still get a lot of spam emails about “collecting money from my deceased Nigerian Uncle’s estate”, you know “the billionaire who […]

Famous Bankrupts

September 5, 2017

Put the debt behind you, and get on with life Abraham Lincoln – 16th President of the United States P.T. Barnum – The Great American circus owner Kim Basinger – Oscar-winning actress (1993) Frank Baum – Wizard of Oz author Miguel de Cervantes – Novelist; Don Quixote Samuel L. Clemens (“Mark Twain”) – best-selling American […]

Bombardier – opportunity lost, but for whom:

September 5, 2017

Is it O.K. for taxpayers to continually bail out big business as two big too fail or should companies and government be looking towards other solutions? Small business owners have a much tougher time with regulation that larger companies do – whether it is access to grants and subsidies to help establish the business or […]

BEWARE OF TOTAL EQUITY PLANS

September 5, 2017

Home equity plans may seem like a good idea at first blush but they are loaded against you, and a lot of it is in the sales pitch and the language. Scotia Bank was one of the first Canadian Charter banks out of the gate with their Total Equity Plans, but other banks quickly followed […]

SIMPLE DEBT FACTS

September 5, 2017

Change your expectations and you can live with less stress! In Canada, since 1980, the ratio of debt to income has tripled from 60% to 164% of gross income.  The people who carry the most amount of debt are those who earn middle to high incomes (probably excluding the top 2%). Low income receivers (including […]

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