Category: Insolvency News
Ontario’s “New” Debt Forgiveness Programme
Here’s how it works First of all, you must be in debt and worried about your situation or it won’t work at all. In fact the more worried you are the better the scheme, er, programme, works.Let’s assume you are getting threatening letters from collectors or from law offices – you’ll be prime for the […]
Read moreTHE PERILS OF SECOND AND THIRD MORTAGES
Thinking about adding a second or third mortgage to your house? Read this first. When you buy a house you only really have two options: 1. Pay for it in one lump sum; or 2. Obtain financing through some sort of mortgage arrangement. Before we go any further with this discussion, let’s think […]
Read moreARE YOU STRUGGLING TO DEAL WITH YOUR DEBT LOAD?
You are not alone, we can help! Stop wage garnishees and other legal actions. Get control of your income. Reduce payments to something more affordable. File a Consumer Proposal or a Bankruptcy. Receive Credit Counselling, and learn to live debt free! When you are ready for help we are ready for you. We have offices […]
Read moreFINANCIAL LITERACY
Will the government ever get it right? One of the greatest challenges in the area of financial literacy is deciding who is telling the story. There are many competing interests that have had an impact on the area of debt management during the past several decades. Filing a bankruptcy or a consumer proposal (both fall […]
Read moreDEBT SETTLEMENTS – HOW THEY DON’T WORK
That’s right they don’t work! We met with two entirely separate clients yesterday who had been talking with two separate debt settlement companies, and this is what happened: In the first instance the client had signed on with the debt settlement company. The client was paying the company a monthly sum if money to help […]
Read moreWhat would you do with an extra $850.00 each month?
That’s a question I posed to some friends and I got a mixed bag of responses Some people said “pay off debts” some said “pay down my mortgage” or “take a vacation”. It’s certainly an enticing and interesting idea to consider having the luxury of a little extra cash in our pockets each month. So […]
Read moreTHE TWELVE DEBTS OF CHRISTMAS
Hum along as you read this blog aloud…. For the first debt of Christmas my true love gave to me, 1 consolidation loan For the second debt of Christmas my true love gave to me 1 consolidation loan and 2 old utility bills, For the third debt of Christmas my true love gave to me: 1 consolidation loan, 2 old utility […]
Read moreTHE BENEFITS OF LOCAL BOUTIQUE INSOLVENCY FIRMS
There are many benefits to working with a small local boutique insolvency firm here are some obvious points Click this link to find a local trustee – just enter your city and province. Your information and file is being stored and managed locally – it is not in another city. The trustee lives and works […]
Read moreHAVE YOU SEEN THIS?
ANOTHER IMPORTANT VIDEO While we’re all focused on beating up on the weakest members of society, those who are marginalized by the loss of job, lack of education and absence of opportunity, we are slowly joining them. Thirty or forty years ago we had far more jobs available than today. Today unemployment is rampant and […]
Read moreBILL 55 IS COMING INTO FORCE
Finally coming into force, regulations for debt consultants that will prevent the rip-offs. Trustees in bankruptcy have a long history of having challenges in selling their services. Those challenges include stringent advertising requirements and poor marketing skills. Like many other business owners trustees cannot be expert at all things, advertising and marketing can be a […]
Read moreCANADIAN HOUSEHOLD DEBT
Consumer proposals and bankruptcies can be a great way of dealing with excessive debt. At one time credit cards were very hard to obtain and only wealthy people had access to such, self-administered, credit facilities. Credit card users can increase their credit limits quite easily and determine within specified parameters how much they will pay […]
Read moreBANKS SET TO FAIL AGAIN
Banks set to fail again – and again, and again, until they become responsible corporate citizens.
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