Leamington
Gordon Sands Who is Eligible to Go Bankrupt? Personal bankruptcy can help obtain debt forgiveness for a variety of unsecured debts, including government debts. For individuals who feel overwhelmed with financial difficulties, bankruptcy can provide the fresh financial start you need. However, nothing of this is of any use if you are not eligible for bankruptcy filings. … Read more
BankruptcyCanada.com trustees help their clients deal with debts. We often find that people can confuse debt management and debt reduction plans and assume that they are the one and same debt relief solution. In reality, it’s imperative to understand the differences between these debt solutions. Our trustees help compare debt management vs. debt reduction plans … Read more
If you have government debts, you are probably aware that you can’t obtain effective debt relief through a credit counselling debt management plan or a personal debt settlement program. Government creditors do not negotiate with credit counsellors or individuals when it comes to debts. However, debt relief solutions administered by a Licensed Insolvency Trustee can … Read more
Most people who struggle to pay off debt believe that personal bankruptcy is the only possible debt relief program for their situations. Unfortunately, only 10% of our clients are eligible for bankruptcy, which can leave a lot of people wondering how they can write-off debt without bankruptcy. A Licensed Insolvency Trustee can help you understand … Read more
Filing Bankruptcy Without Any Assets Many clients who get in touch with bankruptcy trustees for the first time fear that without assets they can’t file for bankruptcy. They assume that they need to have existing and valuable assets that can be sold to repay their debts if they decide to file bankruptcy in Ontario. While … Read more
Financial checks and credit reports are part of essential validation processes in some professions, such as financial roles or career paths with licensing organizations. If you are an insurance agent in Ontario, you are licensed with the Financial Services Commission of Ontario, which, by law, is required to review your license in case of insolvency. … Read more
If you have debts you can’t manage, it may be helpful to consider a consumer proposal to give your finances a fresh start. However, many of our clients are worried about how a consumer proposal will affect their spouse. More often than not, dealing with debts via a consumer proposal has no impact on your … Read more
A lot of our clients who accumulate credit card debts and other debts they can’t afford to pay back wonder if they should sell their assets to meet their creditors’ demands. Dealing with overwhelming debts can make it hard for homeowners to face mortgage payment, which is why many wonder if selling their home to … Read more
Everybody knows that debt occurs when your expenses become more significant than your income, meaning that you are unable to make payments on time. However, when the income doesn’t come directly from an employer, you may be worried that your situation exposes to further risks. Indeed, when you rely on social assistance and support payments … Read more
Money worries can affect performance and productivity at work. As an employer, it’s beneficial to offer assistance to employees who may be struggling. This guide provides useful information about services for employers and employee assistance programs (EAP). Did you know that the average Canadian adult spends two hours a day worrying about money? If you’re … Read more
99% of Consumer Proposals are Acepted – Here’s Why Are you thinking of filing a consumer proposal? If your debts are in danger of spiralling out of control, you might be wondering whether a proposal will be accepted. This article contains all the information you need. Need Help Reviewing Your Financial Situation? Contact a Licensed … Read more
If you owe money to the CRA, you can clear your debt through bankruptcy or a popular bankruptcy alternative, the consumer proposal. This guide provides advice for anyone considering making a proposal to the Canada Revenue Agency. Need Help Reviewing Your Financial Situation? Contact a Licensed Trustee for a Free Debt Relief Evaluation Schedule Your … Read more
https://www.narcity.com/news/ca/living-wage-in-canada-differs-between-provinces-but-its-pretty-bad-all-around Did you know that 40% of Canadian adults are worried that they will never be debt-free? One of the most common problems Canadians face is earning enough to cover household costs, and this is largely due to a significant difference between the minimum wage and a living wage. Statistics suggest that around 40% of … Read more
Information on Consolidating Your Debts Debt consolidation advice can help you manage outstanding payments and take control of your finances. If you’re in debt and you need help, this guide will point you in the right direction. What is debt consolidation? Debt consolidation is an effective solution for many Canadians who are struggling to keep … Read more
How Do Judgements, Liens and Garnishments Work? If you’re in a tricky financial situation, it’s essential to understand your rights. This guide will provide a detailed overview of judgements, liens and garnishments in Canada. It’s understandable to be worried or anxious if there is a judgement against you, or you run the risk of having … Read more
One of the main concerns for people who are thinking about filing for bankruptcy in Canada is how long their credit rating will be affected. This guide will provide information about what happens to your credit report once you’ve filed for bankruptcy. Need Help Reviewing Your Financial Situation? Contact a Licensed Trustee for a Free … Read more
Wage garnishments can be distressing for those in debt, but when the CRA is involved, life can become even more complex. This handy guide provides advice and answers to questions like ‘How much can CRA garnish?’ If you have outstanding debts, wage garnishment is one of the most significant causes of worry and stress. Unfortunately, … Read more
Support Payment Debt in Bankruptcy In Canada, bankruptcy can help you clear most of your unsecured debts. However, certain things aren’t affected by bankruptcy. This includes other financial obligations, like support payments. Need Help Reviewing Your Financial Situation? Contact a Licensed Trustee for a Free Debt Relief Evaluation Schedule Your Free Consultation What are support … Read more
Bankruptcy is seen as the last resort by many people in need of financial help. It is a dramatic step to take, completely altering your financial life. Did you know that bankruptcy stays on your credit report for 6 years, even after you’ve been discharged? This can severely impact your life, which is why many … Read more
What happens if you owe money and a collection agency is on your back? Do they have the power to contact other people or institutions in your life? Specifically, will a collection agency be able to call your work or employer? The short answer to this question is yes, a collection agency can call your … Read more
