519-646-2222Category: Insolvency News
House Prices & Insolvency
House prices & insolvency filings have a tragic relationship, houses are the single largest purchase that the majority of people will purchase on credit. The government has put various protocols in place to provide some modicum of protection for consumers against aggressive lenders. However, even these measures have done little to help. In February 2019 […]
Read moreThe Illusion of Wealth
The illusion of wealth is an important feel-good for individuals, governments and banks, all for different reasons.
Read moreThe Changing face of Debt in Canada
Debt in Canada has outgrown all domestic production, Canadians now have about five times (5X) as much debt as they do income.
Read moreTHE PROBLEM WITH YOUR INCOME:
Income is an often overlooked economic problem in Canada, people have become so accustomed to using credit to bridge the gap between inflation and their income that they simply accept the status quo.
Read moreInsolvency Rates Rebound
The economy is in a mess, insolvency rates rebound allowing people to find relief from overwhelming debt levels. Call us today at 519-646-2222 for your free consultation.
Read moreDo the Maths
Less Bankruptcies
A recent, 2016, Court case is one of the main driving forces behind the decision to file Proposals rather than Bankruptcies.
Read moreThe Economy – a few thoughts
No one doubts the economy is in trouble, prices are go up, debt is at an all time, wages have hardly moved in years, savings are being liquidated, house prices are correcting, and everyone is desperately trying to hang onto what they have.
Read moreThe Bankruptcy & Insolvency Act
The Bankruptcy & Insolvency Act was written to help Debtors resolve problem debts and get on with living. It was never intended to be punitive or burdensome, in spite of having strict rules and regulations.
Read moreDon’t sweat the debt
Don’t sweat the debt, you do have options, the longer you wait to address debt problems the less options there may be – call today for your free consultation 519-646-2222
Read moreLiving on Debt
Living on debt has become a reality as a result of economic blunders by banks and government. With over 80,000,000 bank issued credit cards in circulation someting is clearly wrong.
Read moreRenegotiate, Reduce, and Renew your Debt
Renegotiate, Reduce and Renew your Debt – stay in control of your paycheque before things get out of hand.
Read moreGoing Up Again – interest rates that is
With rate increases going up again housing affordability start to creep upwards. House prices will undoubtedly decrease leaving zombie mortgages floating around.
Read moreHow are you doing?
How are you doing? Are you stressed? Worried about the eocnomy? Are you and your spouse arguing about money? We can help – 519-646-2222
Read moreYour Proposal Approved
Call today to book your free consultation 519-646-2222. Get your proposal approved
Read moreFix My Debt
Why fixmydebt? How did we get the url, fixmydebt.ca, and what it means to us.
Read moreHold On – fasten your seat belts
Brace yourselves, the worst is surely yet to come. House porices dropping, pensions disappearing, credit use is at an all time high.
Read morePoverty
“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.
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