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London, ON N6B 2M4

YOU REALLY SHOULD PLAN FOR BANKRUPTCY

September 5, 2017

Regardless of whether you are a lender or a borrower remember the old maxim “those who fail to plan, plan to fail.” Now let’s be absolutely clear we are not making the suggesting that you should plan to go bankrupt but should be thinking about the consequences if you are exposed to a bankruptcy whether […]

GET OUT OF DEBT

September 5, 2017

and avoid making a bad situation version worse 10 mistakes people make when they are in debt and scared of what will happen to them: Avoid meeting with a bankruptcy trustee Stress, lose sleep and act irrationally – before meeting with a trustee Make big payments to only one creditor – before meeting with a […]

BANKRUPTCY VERSUS PROPOSAL – WRITS TREATED DIFFERENTLY

September 5, 2017

The earlier you talk to a trustee the more options are available for you. If a creditor had registered a judicial lien on your property (writ of execution) and you filed a bankruptcy the writ is removed by the Stay of Proceedings right away.  This is because your interest in the property now vests in […]

ARE YOU IN PERPETUAL DEBT?

September 5, 2017

Make no mistake, lenders make money from indebtedness – your indebtedness. When you are in debt you pay regular monthly residuals to the bank in the form of interest – which is fair enough after all you borrowed money and you should expect to not only pay it back but pay some interest on it. […]

HARPER GOVERNMENT PLAN TO ENRICH THE WEALTHY

September 5, 2017

The idea was proposed in a hotter real-estate market than we are experiencing London, Ontario, but the effect will be the same. The federal government’s latest scheme to enrich the wealthy at the expense of the poor is to encourage and facilitate the liquidation of RSP savings, in larger amounts than is currently permitted, to […]