519-646-2222Blog Articles
Choices
You have choices when the chips are down, learn about your choices and make good decisions.
Read moreSelf Employment
Self employment comes with a mixed bag of rewards and challenges. Make sure you understand both so that you can balance your own best interests.
Read more2019 Debt Outlook
What is your 2019 debt outlook? The CIBC has reported that 48% of Canadian consumers are at risk of defaulting on debt payments and have no plan for debt reduction. The Conference Board of Canada and the IMF are both reporting that consumer debt is a significant risk factor for the Canadian economy. Debt reduction […]
Read moreLow Interest Loans
Things aren’t always the way they seem, especially with low interest loans. The idea of low interest loans is attractive especially to people who are on the threshold of financial collapse. We’ve previously blogged about low interest and how a low interest consolidation (into a mortgage) compares in cost to paying higher interest credit cards. […]
Read moreHappy New Year
To all our clients, families, friends and colleagues we wish you a very Happy New Year and hope you enjoy good health and prosperity. I am reminded of a couple of quotes that seem appropriate for this time of the year. “Forget your past, forgive yourself and begin again right now.” —Osho “When I let […]
Read moreMerry Christmas
Merry Christmas to all our clients, friends, colleagues, associates and respective families. We hope you have a safe an enjoyable holiday season and remember to drive safely and cautiously, especially under extreme weather conditions. Our office will be answering client inquiries throughout the holiday period and will open as usual on December 27th and 28th, […]
Read moreDebt is Debt
At the end of the day debt is debt, we hear people talk about good debt and bad debt but no matter what debt is still debt. A mortgage company is advertising “get out of debt using the equity on your home” – that is not “getting out of debt” that is simply moving debt […]
Read moreDebt Freedom Plan
What is a Debt Freedom Plan: A debt freedom plan is exactly what it sounds like, a plan to help you get, and remain debt free. Get out from under the burden of debt and all that it entails, money worries, family problems, self-esteem problems, depression and stress. Freedom vs. Responsibility: Being free from debt doesn’t […]
Read moreDebt 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 […]
Read moreBudget 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) […]
Read moreChristmas 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 […]
Read moreCourt 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 […]
Read moreJob 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 […]
Read moreSaving Money
Many books have been written on how to save money and how to get rich quick, yet there are relatively few millionaires running around in attestation to the efficacy of these schemes. Generally, the notion is always the same, “pay yourself first” they say. Some authors prescribe a savings value based on percentages of income, […]
Read moreCar Loan Mortgage
The latest money-making venture for mortgage lenders is car loans, yup, a car loan mortgage. Here’s how it works. So, you have a little equity in your house, a heartbeat and a pen, that’s all you need. Oh, and you really, really want a new car. You tried the dealership, but your credit rating is […]
Read moreReal estate bidding wars
Real estate bidding wars have become the new normal, well relatively new. Realtors’ practices have changed and evolved over the years. It used to be that a house would be priced close to the expected final sale price and if the Realtor had done his or her homework the deal would usually close within 10% […]
Read moreHow Much Debt is too Much?
Just how much debt is too much? You’ll surely know when you start to pay it back. Currently, Canadian Chartered Banks have no expectation that you will ever repay your debts, in fact they want you to remain in state of perpetual debt. We have blogged about the effect of making only minimum monthly payments […]
Read moreEasy Money
The headline reads “the world of easy money transformed Canada into debt nation”. But that isn’t exactly true – it is the world of irresponsible banking that made it appear we have easy money. We’ve said it before, Canadian chartered banks issue credit cards on repayment terms that extend over hundreds of years. That is […]
Read moreFacebook.com
How frustrating is Facebook.com? It is your source for whatever you want, you can find supportive views and you can find negative oppositional political (particularly) rhetoric all over Facebook.com. What’s your poison? If you are a little leftish leaning you can find like minds, if you lean to the right you can also find like […]
Read moreSeparate Before Bankruptcy
It is important to separate before bankruptcy, just to make sure you get your ducks lined up properly. Here’s the logic, if you are facing the possibility of an equalization claim from your spouse for assets that are otherwise exempt from seizure by your creditors you may find bankruptcy helps you keep them. Let’s say […]
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