519-646-2222Blog Articles
Insolvency Tsunami
A recent article in a local newspaper described a coming insolvency tsunami – which has been anticipated by some colleagues to commence next year. But in this blog, we provide a counterpoint as to why it probably will not happen. We anticipate the probability of a slight uptick in filing volumes but not a massive […]
Read moreHow’s Biz?
That’s a question that I ask a lot of people in casual conversation – “hey, how’s biz?” the answer usually tells me something about the nature of their business or the seasonality. Lately though it has been a tough question to ask, business owners have trouble reaching for stock answers – “we’re really busy” or […]
Read moreWho can help:
Who can help and how can they help when you are faced with difficult debt problems?
Read moreCERB Overpayments – Insolvency
CERB overpayments are going to be an important topic in the next year for millions of Canadians. The Federal Government’s handling of the CERB benefit has resulted in many people receiving benefits they should not, or ought not, to have had. Our office has heard of several cases of long term ODSP recipients who have […]
Read moreFraud and Bankruptcy
Debts incurred by proven fraud are not dischargeable in a bankrupt. Fortunately, fraud is not simply an allegation away, it must be proven.
Read moreSmall Business Solutions
Small Businesses need solutions to debt and cashflow challenges. LITs are perfectly positioned to provide technical expertise to help negotiate you through turbulent times. Call today for your free consultation: 519-646-2222
Read moreCOVID Debt Solutions
COVID Debt Solutions are available. call us at 519-646-2222 for a free consultation to discuss your options. A Consumer Proposal or a Bankruptcy may provide you and your family with the relief and financial security you need.
Read moreGetting through COVID
The COVID virus is impacting everyone’s life. From the way we work through to every social interaction we have. There are essentially two facets, health and economy that are being his the hardest. In this two part blog we try to speak to each offering some insights and considerations.
Read moreHow will I pay my bills?
COVID-19 may be the least of many family’s worries – loss of employment, reduction in available working hours and lack of benefits will put many behind the eight ball.
Read moreCash Flow your Debts
It is important to stop cash flowing debts and to start paying them off – but it may be even more important to understand and recognize the difference.
Read moreReal Estate Bubble
The real estate bubble has been described as one of the biggest threats to the Canadian economy. The Toronto housing market has been identified as the second largest housing bubble in the world. The thing about bubbles is that sooner or later they all either collapse under their own weight or they burst.
Read moreYour house is not an ATM
Your house is not an ATM but if you treat it as if it is you run the risk of losing it altogether. You can’t simply keep pulling money out and expect that it will replenish itself.
Read moreImpulse Spending
Impulses and habits are very similar, they both work on us subconsciously and compel, or ilicit, certain types of behaviour. Impulsiveness isn’t always bad – sometimes it’s very rewarding, maybe that’s a part of the problem.
Read moreTrust the Media?
When you take a closer look at the data you will find that recent reports are exagerting the rise in consumer insolvenicies. In reality, insolvency filings are lagging significantly behind lending trends.
Read moreBankruptcy Stereotypes
Stereotypes help us negotiate the world around us, stereotypes aren’t as abitrary as our acceptance of them – when they are positive we embrace them, when they are negative we appall them.
Read moreSavings or Irregular Expenses
Do you know the difference between putting money away as savings and retaining money in your mbank account for irregular expenses. They seem similar but are quite different.
Read moreCredit Counselling
Credit Counselling can be a very helpful tool, but obligatory attendance isn’t enough, to be effective it requires active participation.
Read moreCompound Interest
TD Bank recently announced it will be using compound interest on its credit card portfolio. Other banks are sure to follow suit – be aware of the impact.
Read moreDriving Affordability
Driving affordability is something that should form a part of everyone’s budget. Even in our biggest cities public transit is expensive and extremely inefficient.
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