519-646-2222Category: Bankruptcies
Bankruptcy; Costs and Consequences
The costs and consequences of filing for bankruptcy are usually worth it to get you a fresh start.
Read moreLeverage: who’s leveraging who?
Is it leverage or self-liquidation? The two terms are often confused and sometimes used interchangeably but have quite different meanings.
Read moreProposal or Bankruptcy
It’s your choice – proposal or bankruptcy? Your LIT will guide you but not make your decisions for you! In an ideal world you would be able to live without debt.
Read moreInsolvency: Bankruptcies and Proposals.
Insolvency is only one part of the solution. When the sun is shining your banker is there with an umbrella, but when it starts to rain he’ll fight you like the third monkey on the ramp to Noah’s ark to get it back.
Read moreYou Can’t have your Cake and Eat it!
When the chips are down that is the time to let go, not to try to hang on!
Read moreWho Should Consumers Trust for Sound Financial Decisions Related to Credit?
Who should consumers trust for good financial advice? Licensed Insolvency Trustees are probably the most regulated players in entire consume debt industry. Trustees work to help you eliminate or reduce debt – the other players help you get further into debt. Choose wisely!
Read moreCaution: Why Now is Not the Time to Take on More Debt
Debt is not going away, it isn’t even going down, Canada’s debt crisis in widening everyday.
Read moreCredit Recycling: How Filing a Consumer Proposal or Bankruptcy Helps Consumers Rebuild Credit
Credit recycling – how an insolvency proceeding helps you get back on track
Read moreHow did I get in this mess? It’s all about the small stuff!!
How did I get in this mess? C’mon, you know the answer you just have to be honest with yourself!
Read moreShameless Credit Card Industry
Canada’s shameless credit card industry is being investigated most for the fees it charges, but it is unlikely that we will see changes in consumer protection laws thathelp abate the need for credit.
Read moreWhat is the difference between a Proposal and Bankruptcy
Licensed Insolvency Trustees are often asked “what is the difference between a Proposal and a Bankruptcy?”. The answer is a little complicated because it depends a lot on your individual circumstances. If you have no house and low income and have never been bankrupt before then a Bankruptcy may be a better solution, however, if […]
Read moreRegulate the Banks – startling statistics
Quebec introduced legislation to regulate the banks and the impact on insolvency statistics was startling.
Read moreFree Bankruptcies and Proposals
Free bankruptcies and proposals? Well not entirely, but in a sense insolvency proceedings are frequently paid for by deductions from money that would otherwise be available to Creditors. In effect then, it is they who pay for consumer proceedings.
Read moreGo Bankrupt, or keep paying the Mortgage?
Should you go bankrupt or keep paying the mortgage? You must understand that going bankrupt is not only about your past or even you present, but it will also affect your future. A well timed bankruptcy can save you hundreds of thousand of dollars.
Read moreSurplus, what Surplus?
Surplus what surplus? If you are bankrupt and have been assessed for surplus income, and you can’t afford to pay it, do not dispair you have alternative possibilities.
Read moreInsolvencies are Increasing.
After three years of highly impactful reckless lending, insolvency rates are starting to return to normal filing levels. We anticipate a slight uptick in the new year.
Read moreCompare Debt Solutions
Save your Home – what you need to know!
Canada’s first choice for debt solutions, a proposal, can help you save your home while managing debt.
Read moreSurplus Income Part II – Application
This is Part II of our |Surplus Income blog describing some of the practical components of calculating surplus as well as dealing with mediation or court adjustments.
Read moreSurplus Income Part I – History
Surplus income is something that all bankrupts, and their Trustees, must consider – in Part I we look at the history of surplus income in Part II we will take a more practical view.
Read more