519-646-2222Blog Articles
CERB – Overpayments
Update on the CERB Overpayments – the CRA has clarified that the eigible income from last year is $5,000 NET and not $5,000 GROSS. If you pitched a claoim based on a $5,000 gross income value you were not entitled to the benefit.
Read moreProblems with CERB
The CERB fiasco will haunt the government for almost as long as the lockdown itself. Next April the income tax implications will be felt by millions of Canadians as few have set aside money to pay the taxes. At the end of the day over a million people will be required to make repayments. Grab the popcorn, this story isn’t over yet.
Read moreBuild Back Better
The economy did not break itself, and it will not just fix itself, anymore than the budget can simply balance itself. It will take work to make up for lost opportunities, and income – but we can build back better, if we apply common sense to the way we spend and handle our financial responsibilities.
Read moreDoes my spouse have to file too?
Sometimes it makes a lot of sense to do things together with your spouse – sometimes it doesn’t. When it comes to filing a bankruptcy or a proposal it can be either beneficial or harmful to make a joint filing. Talk to your local Licensed Insolvency Trustee to find out what is best for your and your family. 519-646-2222
Read moreCan I keep my Car?
Many folks have the wrong impression about bankruptcy – it isn’t all about seizing and selling all of your belongings. It is important to keep the neccessaries of life in order to remain a productive member of society. Excesses may be treated differently – call us for more details 519-646-2222
Read moreDemasiada deuda
Too Much Debt
How do you know when you have too much debt? Is there a threshold value?
Read moreCEBA Loan Terms – DECODED
The CEBA Loans are very misunderstood. Even sophisticated business people are under the impression that they can borrow the money – defer payments until Decmber 2022 then claim back a bonus of $10,000 in forgiveness.
Read moreThe Great Reset – what does it mean for you?
The Great Reset has been getting a lot of media attention lately – formerly the thing of conspiracy theorists the idea of a globalist revision is now in the mainstream. Here are some thoughts and links to discussion points.
Read moreCan I go bankrupt on ____ ?
Get to know what you can and can’t go bankrupt on. Some debts won’t go away even after filing bankruptcy – most will.
Read moreOwnership of debt
It’s easy to get confused about who owns your debt, debts get sold and traded and it is even conceivable that you could own your own debt through investments.
Read moreLower Payments
Lower payments are no pancea for managging debt, lower payments usually means extending payments over a longer period of time and paying more interest and service fees.
Read moreTotal Equity Plans
Bankers don’t work for you, they work for banks. At banks “profit” is not a four letter word – bottom lines are very important and securitizing those bottom lines is an integral part of a bankers business.
Read moreLocal, Trusted and Fully Licensed
Southwestern Ontario’s local, trusted and fully licensed insolvency trustee.
Read moreQualifying for a Mortgage
Read this blog for some basic infromation about qualifying for a mortgage, before, during, and after a bankruptcy.
Read moreSettle for less?
Some creditors will settle for less, much less in fact, that they are owed, just to get delinquent accounts off the books.
Read moreProposal or Bankruptcy
Read this Q & A to get some good information about the differences between proposals and bankruptcies.
Read moreCOVID Business Help
Small business owners, struggling to make ends meet, should not just consider the extremes of bankruptcy or more debt as the only options for survival. Think about a Division One Proposal and meet with a local LIT.
Read moreHow We Help
Debt problems come in all shapes and sizes, there is no “one size fits all formula” – your debt problems are as unique as your are. We try to find the right balance for you and your family.
Read moreCERB & Bankruptcy
CERB & Bankruptcy have become strange bedfellows. The CERB fund has directly reduced insolvency filings but could lead to a slight increase in filings in the new year.
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