519-646-2222Category: Insolvency News
CERB Forgiveness
Millions of Canadians, reportedly, received the CERB benefits when they should not have. Among them were other benefit recipients, pensioners and self-employed people.
Read moreDivision One Proposals for Small Businesses
Joint Division One Proposals can include you and your business as well as, potentially, your spouse – getting all of your debts to one manageable monthly payment.
Read moreProperty of the Bankrupt
Section 67 (1) of the Bankruptcy & Insolvency Act sets out what property of the bankrupt is divisible amongst his/her creditors. Many people live in fear of bankruptcy because they think that they will lose everything they own to the trustee. That is simply not the case. If you are holding property in trust for […]
Read moreTerrifying Debt Levels
Both government and consumer debt levels have skyrocketed in the last half-decade, leaving politicians and people grasping for solutions. We can’t help the government, but we can help you 519-646-2222
Read moreHolding Proposals
Holding proposals are an interesting way of solving immediate debt problems when you don’t have either cash flow or a stash of cash.
Read moreCERB Overpayments – solution
CERB overpayments can be discharged in a bankruptcy or a proposal. For most people who received the overpayment there are very few other options available.
Read moreGovernment Debts
Did you know, you can get out from under the burden of goverment debt by filing a proposal or a bankruptcy? Call for more details 519-646-2222
Read moreBankruptcy Lawyers
Many people think they need a bankruptcy lawyer either to file for bankruptcy or to guide them through the process. In the USA, the insolvency regime is very similar to Canada’s, but it still has differences, the biggest difference is that in Canada the Insolvency process is administered by Insolvency Trustees who are licensed by […]
Read moreProblems with CERB
The CERB fiasco will haunt the government for almost as long as the lockdown itself. Next April the income tax implications will be felt by millions of Canadians as few have set aside money to pay the taxes. At the end of the day over a million people will be required to make repayments. Grab the popcorn, this story isn’t over yet.
Read moreBuild Back Better
The economy did not break itself, and it will not just fix itself, anymore than the budget can simply balance itself. It will take work to make up for lost opportunities, and income – but we can build back better, if we apply common sense to the way we spend and handle our financial responsibilities.
Read moreDoes my spouse have to file too?
Sometimes it makes a lot of sense to do things together with your spouse – sometimes it doesn’t. When it comes to filing a bankruptcy or a proposal it can be either beneficial or harmful to make a joint filing. Talk to your local Licensed Insolvency Trustee to find out what is best for your and your family. 519-646-2222
Read moreCan I keep my Car?
Many folks have the wrong impression about bankruptcy – it isn’t all about seizing and selling all of your belongings. It is important to keep the neccessaries of life in order to remain a productive member of society. Excesses may be treated differently – call us for more details 519-646-2222
Read moreCEBA Loan Terms – DECODED
The CEBA Loans are very misunderstood. Even sophisticated business people are under the impression that they can borrow the money – defer payments until Decmber 2022 then claim back a bonus of $10,000 in forgiveness.
Read moreCan I go bankrupt on ____ ?
Get to know what you can and can’t go bankrupt on. Some debts won’t go away even after filing bankruptcy – most will.
Read moreQualifying for a Mortgage
Read this blog for some basic infromation about qualifying for a mortgage, before, during, and after a bankruptcy.
Read moreSettle for less?
Some creditors will settle for less, much less in fact, that they are owed, just to get delinquent accounts off the books.
Read moreProposal or Bankruptcy
Read this Q & A to get some good information about the differences between proposals and bankruptcies.
Read moreCOVID Business Help
Small business owners, struggling to make ends meet, should not just consider the extremes of bankruptcy or more debt as the only options for survival. Think about a Division One Proposal and meet with a local LIT.
Read moreCERB & Bankruptcy
CERB & Bankruptcy have become strange bedfellows. The CERB fund has directly reduced insolvency filings but could lead to a slight increase in filings in the new year.
Read moreProposals the # 1 debt solution
Proposals can be as creative as they need to be to help you solve pressing debt problems. Call 519-646-2222 to explore your possibilities.
Read more