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Small Business start up
So, you are thinking of taking the plunge and starting a new business venture. Taking the first few steps on the path to entrepreneurship is exciting, risky and scary. As you embark on your new venture, be sure you do your homework to minimize your exposure to risk, that will help take some of the […]
Who has the most debt?
The question “who has the most debt?” is certainly one that interests Licensed Insolvency Trustees. After all we like to know where our business is coming from and who to advertise to. So, just who has the most debt in Canada? That is complicated question in terms of raw debt versus percentage of debt. When […]
After Acquired Property
The term after acquired property refers to property that is acquired after an event, such as a bankruptcy. A bankrupt who wins the lottery after filing a bankruptcy has “after acquired property”. In that case they ought to simply pay off their creditors and their trustee and they could apply to court to have the […]
Pay Pennies on the Dollar
You really can pay pennies on the dollar of the debts that you owe. Making a consumer proposal will allow you to pay less than the face value of your debts. It will also allow you more time to pay your debts and all without interest. Sound too good to be true? Well it’s not, […]
Why not be a Licensed Insolvency Trustee?
The economy has been faltering for over a decade, lost jobs, unions broken up, plants shutting down and moving out of country, cost of living and taxation outgrowing incomes. Why not be a Licensed Insolvency Trustee? After all Trustees must be busy in this economic environment, right? It is easy to underestimate the hard work […]