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Insolvency and pensions
Insolvency and pensions are at an interesting intersection and under current Canadian insolvency laws are not good bedfellows. Although when filing a bankruptcy, the laws do protect the bankrupt’s interest in the pension funds by not requiring that they be distributed among the creditors the same protection is not afforded to the fund itself. We […]
Bankruptcy top ten
The bankruptcy top ten things you need to know: 1. Bankruptcy is available to all non-bankrupts over the age of eighteen and owing more than $1,000.00. 2. Bankruptcy is almost always cheaper than a proposal. 3. Bankruptcy is almost always faster than a proposal. 4. ONLY a Licensed Insolvency Trustee can help you file either […]
Lenders want to lend
Lenders want to lend you money, in fact they are looking for ways to be able to lend you money. To lenders lending is a product just like any other. Lending money is a sure way to make money if you can mitigate the risk of borrowers not repaying debts. The good news is that […]
Rags to riches
We are all familiar with rags to riches stories, how people (like Forest Gump) were able to turn their lives around and become successful despite adversity. I would like to share one such rags to riches story with you, it’s a true story about one of our former clients. I won’t use her name, but […]
Mortgage funds are available
Yes, mortgage funds are available for people of most income levels. The interest rates and terms may be different for people with lower or less stable incomes, such as self-employed people, but mortgage funds are available from different lenders. We have been advised by lending industry representatives that there are new challenges facing people who […]