519-646-2222Blog Articles
HAVE YOU SEEN THIS?
ANOTHER IMPORTANT VIDEO While we’re all focused on beating up on the weakest members of society, those who are marginalized by the loss of job, lack of education and absence of opportunity, we are slowly joining them. Thirty or forty years ago we had far more jobs available than today. Today unemployment is rampant and […]
Read moreBILL 55 IS COMING INTO FORCE
Finally coming into force, regulations for debt consultants that will prevent the rip-offs. Trustees in bankruptcy have a long history of having challenges in selling their services. Those challenges include stringent advertising requirements and poor marketing skills. Like many other business owners trustees cannot be expert at all things, advertising and marketing can be a […]
Read moreCANADIAN HOUSEHOLD DEBT
Consumer proposals and bankruptcies can be a great way of dealing with excessive debt. At one time credit cards were very hard to obtain and only wealthy people had access to such, self-administered, credit facilities. Credit card users can increase their credit limits quite easily and determine within specified parameters how much they will pay […]
Read moreBANKS SET TO FAIL AGAIN
Banks set to fail again – and again, and again, until they become responsible corporate citizens.
Read moreARE BANKRUPTCY FILINGS UP?
Bankruptcy filings are not what you may expect. The volume of debt continues to increase but remaining in debt into perpetuity has been normalized by banks.
Read moreI can only go bankrupt once!
Many folks view bankruptcy as a one off event “I can only go bankrupt once!” which it really should be. However, a significant number of bankrupts’ have filed more than one or two bankruptcies, the most we have heard of is five times.
Read moreSection 161 Examination
The Section 161 Examination has two pruposes, it is most often used as a routine backcheck, but sometimes used as an exploratory mechanism to detail the sale or disposition of property prior to filing an insolvency proceeding.
Read moreREDUCE YOUR DEBT BY MORE THAN 90%
TAX SEASON
Tax season comes but once a year for accountants, but for LITs, any season can be tax seaons.
Read moreManaging Debt