519-646-2222Blog Articles
Poverty
“Poverty is the same thing the world over – it sucks” – Jim Kelly (quoted from the movie “Enter the Dragon”)
Read moreInsolvency Recidivism – what causes it?
Insolvency recidivism has increased steadily over the years but it has not increased at the same pace as the volume of debt.
Read moreNo More High Interest – Bill S-239
Bill S-239, if it passes muster will cool consumer lending by reducing interest rates. Some lenders are charging up to the (current) legal interest rate of 60% that will drop dramatically under this Bill.
Read moreConsumer Proposals – FAQ
In this blog we present some “what-if” type of questions and answers regarding Consumer Proposals.
Read moreViable Proposal – scenarios
Proposals are not all formula driven, although we see all kinds of advertisements suggesting you will only need to repay 20% of your debts – there is a great deal of variability.
Read moreRecession – is it coming, how will it impact you?
Recessions come and go and threats of recession occur with a much higher frequency than actual recessions.
Read moreBankruptcy – things that increase the costs
The costs and consequences of filing bankruptcy have changed and with those changes fewer people are filing bankruptcy as a means to solve debt problems.
Read moreHow to Avoid Bankrupt – some strategies to consider.
While bankruptcy is not the only option we offer people struggling with debt, it is understandably the option that people want to avoid the most.
Read moreWealth and Savings – where did it all go:
The media has been rife with stories about Canadian wealth accumulation, how much of the hyperbole is just smoke and mirrors? You may feel well off because your house is worth twice as much as you paid for it – but let’s talk after you’ve sold it!
Read moreBudget Cutting – Expense Categories
When it comes to budget cutting, as prices continue to escalate, make sure you are cutting the proper expenses.
Read moreCredit Reports – TransUnion and Equifax
Credit reports impact all of our lives, especially when we plan to make a major purchase – mistakes can be very costly,
Read moreWho goes Bankrupt:
Unfortunately, there are still many untrue stereotypes around who goes bankrupt. Rather than being concerned with who goes bankrupt we should be more concerned with “why” they went bankrupt.
Read moreCredit Counselling
I started my career in Credit Counselling, since then – it has experienced many changes, perhaps the best are yet to come.
Read moreAfter Acquired Property – Bankrupts Beware
After acquired property includes the increase in value of your home between the time of your bankruptcy and the time of your discharge.
Read moreProposals are popular – almost 80% of insolvency filings are proposals
Proposals have far surpassed Bankruptcies as the consumers’ choice for dealing with debts.
Read moreGoing Bankrupt – where to start
Going bankrupt isn’t hard, completing the process isn’t hard either. The hard part about going bankrupt is making the decision.
Read moreCanada is number one!
Canada is number one in a lot of things, some of them are not prideful. Debt certainly falls short of something we should be proud of.
Read moreRetirement – sailing off into the sunset
Retirement is something that we all have to think about sooner or later, sooner is better.
Read moreUpdated Forms
The Superintendent of Bankruptcy has updated some of the forms used by LITs – these forms necessitate further questions being added to our application forms. Learn more!
Read moreProposal or Bankruptcy – the pros and cons
Get the skinny on some of the differences between proposals and bankruptcies. Read this article or call us at 519-646-2222
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