Category: Insolvency News

THE PROBLEM WITH YOUR INCOME:

Lock Consulting.- Best Business of 2024
January 24, 2024

Income is an often overlooked econmic 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.

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Insolvency Rates Rebound

becoming debt free is only the first step
November 8, 2023

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.

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Do the Maths

Tom Locke - Insolvency Trustee in London, Ontario
June 27, 2023

The data speaks volumes – just Do the Maths and draw your own conclusions.

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Less Bankruptcies

Jars with credit cards
November 16, 2022

A recent, 2016, Court case is one of the main driving forces behind the decision to file Proposals rather than Bankruptcies.

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The Economy – a few thoughts

Why file a proposal or bankruptcy
October 28, 2022

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.

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The Bankruptcy & Insolvency Act

open reference book
October 4, 2022

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.

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Don’t sweat the debt

ThreeBest trophy
September 27, 2022

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

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Living on Debt

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

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.

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Renegotiate, Reduce, and Renew your Debt

people jumping at sunrise
September 12, 2022

Renegotiate, Reduce and Renew your Debt – stay in control of your paycheque before things get out of hand.

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Going Up Again – interest rates that is

Jars filled with cut up credit cards
September 8, 2022

With rate increases going up again housing affordability start to creep upwards. House prices will undoubtedly decrease leaving zombie mortgages floating around.

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How are you doing?

Jars filled with cut up credit cards
August 31, 2022

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

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Your Proposal Approved

Approved
August 18, 2022

Call today to book your free consultation 519-646-2222. Get your proposal approved

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Fix My Debt

Jars with credit cards
August 15, 2022

Why fixmydebt? How did we get the url, fixmydebt.ca, and what it means to us.

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Hold On – fasten your seat belts

Tom Locke - Insolvency Trustee in London, Ontario
August 5, 2022

Brace yourselves, the worst is surely yet to come. House porices dropping, pensions disappearing, credit use is at an all time high.

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Poverty

Locke Consulting Logo
August 2, 2022

“Poverty is the same thing the world over – it sucks” – Jim Kelly (quoted from the movie “Enter the Dragon”)

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Insolvency Recidivism – what causes it?

Tom Locke - Insolvency Trustee in London, Ontario
July 26, 2022

Insolvency recidivism has increased steadily over the years but it has not increased at the same pace as the volume of debt.

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No More High Interest – Bill S-239

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

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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Consumer Proposals – FAQ

Jars filled with cut up credit cards
July 7, 2022

In this blog we present some “what-if” type of questions and answers regarding Consumer Proposals.

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Recession – is it coming, how will it impact you?

Tom Locke - Insolvency Trustee in London, Ontario
June 28, 2022

Recessions come and go and threats of recession occur with a much higher frequency than actual recessions.

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Bankruptcy – things that increase the costs

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

The costs and consequences of filing bankruptcy have changed and with those changes fewer people are filing bankruptcy as a means to solve debt problems.

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