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Debt Crisis
You, or someone you know, may be in a debt crisis, or have one pending. The IMF (International Monetary Fund) is warning of another global financial collapse. A debt crisis can be international, national or simply personal, but the impact is always the same – financial hardship. The last big collapse we saw was in […]
Budget Better
Well that sounds like a plan, let’s all budget better! It’s easy enough to say but challenging to implement. Just think of all the expenses you have that are unnecessary and superfluous – coffee on the way to work, lunches, junk food, booze, cigarettes, gifts, expensive clothing, vacations, home repairs. Your list (of potential savings) […]
Christmas Bankruptcy
Of all the things people wish for a Christmas Bankruptcy seems far down the list, but there are reasons why it may be a very good time of the year to file. The first reason is obviously getting a fresh start in time for the new year. Another very good reason to file a bankruptcy […]
Court Backlog
The London, Ontario, (Bankruptcy) Court backlog is starting to pile up. Licensed Insolvency Trustees are experiencing a backlog of matters involving discharge hears, proposal approvals and revivals as well as taxations. This will have an impact on a significant number of people including those filing three or more bankruptcies or those who have not properly […]
Job Loss
There are many different triggering events that cause people to file a bankruptcy or a proposal, but job loss is a leading factor. Job loss may mean a temporary interruption in cash flow or a permanent downturn in personal income. In rare cases job loss may be a step towards career advancement and although there […]