Blog Articles

How to Avoid Bankrupt – some strategies to consider.

Tom Locke - Insolvency Trustee in London, Ontario
June 10, 2022

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.

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Wealth and Savings – where did it all go:

Tom Locke, Licensed Insolvency Trustee
June 9, 2022

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!

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Budget Cutting – Expense Categories

Tom Locke - Insolvency Trustee in London, Ontario
May 31, 2022

When it comes to budget cutting, as prices continue to escalate, make sure you are cutting the proper expenses.

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Credit Reports – TransUnion and Equifax

Get your debt reset
May 30, 2022
Uncategorized

Credit reports impact all of our lives, especially when we plan to make a major purchase – mistakes can be very costly,

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Who goes Bankrupt:

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May 27, 2022

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.

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Credit Counselling

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May 26, 2022

I started my career in Credit Counselling, since then – it has experienced many changes, perhaps the best are yet to come.

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After Acquired Property – Bankrupts Beware

Tom Locke - Insolvency Trustee in London, Ontario
May 25, 2022

After acquired property includes the increase in value of your home between the time of your bankruptcy and the time of your discharge.

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Proposals are popular – almost 80% of insolvency filings are proposals

consumer proposal report
May 18, 2022

Proposals have far surpassed Bankruptcies as the consumers’ choice for dealing with debts.

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Going Bankrupt – where to start

Jars with credit cards
May 16, 2022

Going bankrupt isn’t hard, completing the process isn’t hard either. The hard part about going bankrupt is making the decision.

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Canada is number one!

Canada ranks high on debt level relative to income
May 10, 2022

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.

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Retirement – sailing off into the sunset

Jars filled with cut up credit cards
May 10, 2022

Retirement is something that we all have to think about sooner or later, sooner is better.

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Updated Forms

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May 3, 2022

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!

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Proposal or Bankruptcy – the pros and cons

Tom Locke - Insolvency Trustee in London, Ontario
May 2, 2022

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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Insolvency Apocalypse

Mask
April 26, 2022

In the face of ever increasing consumer debt levels, Canadians are betting on their ability to avoid insolvency.

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$200 away from insolvency

Tom Locke - Insolvency Trustee in London, Ontario
April 22, 2022

You are either insolvent or you are not, if you threw a dart at a dartboard and it landed in the triple 2, you would not call that “nearly a bullseye” or “51/2 inches from a bullseye.

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If I had a better credit rating…

Tom Locke - Insolvency Trustee in London, Ontario
April 20, 2022

Oh, if only I had a better credit rating….

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Debt Relief – a phone call away

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April 6, 2022

Real Debt Relief is available to help you regain control of your paycheque and get your financial life back in order. Call us at 519-646-2222 to get started.

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CERB and CEBA overpayments

Tom Locke - Insolvency Trustee in London, Ontario
March 30, 2022

CERB and CEBA overpayments have been a problem for hundreds of thousands of Canadians. The Regime appears to have settled on treating them in the same manner as other overpayments on government payments.

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Imagine No HST – just musing, don’t get excited

Tom Locke - Insolvency Trustee in London, Ontario
March 21, 2022

Canadians feel the weight of taxes every single day, the HST is a tax the Liberal goverment had at one time promised to eliminate

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Do This Now

Tom Locke - Insolvency Trustee in London, Ontario
March 18, 2022

The time to deal with your debt is at hand, if you do not deal with your debt yourself, your debt may deal with you and it could be even worse.

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