Category: Insolvency News

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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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

Locke Consulting sign
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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Debt Relief – a phone call away

Locke Consulting sign
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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Trustee Fees – in Bankruptcies and Proposals.

open reference book
March 17, 2022

Trustee fees are a bit of an inigma for people filing a Bankruptcy or Proposal. In this article we break out how the fees are calculated.

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Going Up – interest rates that is

Drawing of house
March 3, 2022

We have been talking a lot about debt, house prices and excessive mortgaging. It now looks as though interest rates, which have already risen, will increase to threaten consumer financial stability.

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Proposals – what exactly are they?

Jars with credit cards
February 16, 2022

Proposals can be confusing – our job is to worry about the technical aspect, ensuring you understand the fundamentals. We walk you through step by step, what you need to know from the time you decide that is how you want to solve your debt problems.

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Credit Card Use – in Canada

Credit card statistics
December 6, 2021

Credit card use has increased steadily in Canada and may have surged during the past two years, here we review historical data and update it based on measureable trends.

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Build Back Better – what do we mean?

get your debt reset
December 1, 2021

Having too much debt can leave you financially devastated. We can help not only solve that problem, but set you back on the path to recover your credit rating and manage your finances better.

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Consumer Proposal – an inside look

consumer proposal report
November 26, 2021

Consumer Proposals are not usually lengthy documents but accuracy is a very important aspect of constructing one.

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CEBA Loans – Who is Responsible?

Tom Locke - Insolvency Trustee in London, Ontario
November 17, 2021

CEBA Loans have you confused? You are not alone, even the people administering them are not very clear about what they are doing with them

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Debt Survivor or Debt Dependent

best business of 2021 award
November 16, 2021

Surviving a debt storm is one thing but but how on earth did we get so debt dependent?

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