Leamington
Gordon Sands What are the Reasons For Debt Consolidation Being Declined? Many households in Canada are worried about the rising cost of living. Especially when their income doesn’t necessarily rise to meet it. In order to bridge the gap between income and expense, many are forced to rely on lines of credit to keep the proverbial wolves … Read more
While the cost of living may vary from one city to another, Ontario is one of the most expensive provinces in Canada. As such, it stands to reason that (along with Alberta and British Columbia) it holds 3 out of every 4 dollars’ household debt in the country. As the cost of living rises many … Read more
Personal Bankruptcy in Ontario Though there isn’t a legislation effective that dictates how many times you can declare bankruptcy, the ramifications are worse with each subsequent time you file. The key consideration is that it takes more time and is more expensive each and every time you file. Though the first bankruptcy can discharge within … Read more
How Does Bankruptcy Impact Co-signed Debts? A common inquiry amongst cosigners, many wonder what will happen to debt for which they cosigned in the event that they claim bankruptcy in the province of Ontario. Typically, someone who cosigns debt does so for someone in their family or for a lifelong friend. The possible ramifications for … Read more
Can an Insurance Broker in Ontario Go Bankrupt or Make a Consumer Proposal? In a situation where you are brokering insolvency insurance in the province of Ontario, there is some good news in terms of bankruptcy and consumer proposals. Generally speaking, filing for these financial statuses will not preclude you from practicing nor will it … Read more
What Debt Warning Signs Should I Watch For? With the financial structure of our society, debt is just about an inevitability for all people. However, there are different levels of debt amongst the population, leading many to wonder what an appropriate amount of debt really is. When does debt stop being reasonable or manageable? In … Read more
What Happens to a Person’s Debts When They Die? A common inquiry is what occurs with a person’s debt in the event of death. The good news is that debt is not an inherited expense which means that your debt does not pass down to your ancestors. You are not liable for a person’s debt … Read more
Should I Cash in My RRSPs if I’m in Debt? If you are in debt and struggling to make payments, then you are probably looking at courses of action which you can take. These may include liquidating your RRSP funds to assist in avoiding bankruptcy. However, this is not always the best route. Need Help … Read more
Business Insolvency & Personal Wages It is common for those who own businesses, whether or not the business is incorporated, to fail to meet tax payments. These can come in the form of everything from payroll taxes to income tax to HST payments. Often, this represents a way to handle liquid cash issues in the … Read more
Bankruptcy and Workplace Safety Debt When considering your options with respect to the Workplace Safety and Insurance Board (WSIB), there are some key things to think about. The board itself is where business operators pay into a centralized insurance fund. The premium amounts show up on the payroll and are managed in terms of accidents … Read more
7 Things to Do to Stay Out of Debt Paid off your credit card debt? Then staying debt free is a priority. Find out how with our comprehensive guide. The joy of seeing your debt fall to almost zero is pretty special. However, it is the time just before this happens that you must stay … Read more
Credit Card Settlement And Your Credit Score Getting the right help with credit card settlement massively reduces how long it affects your credit score. Find out why Credit card debt settlement can be an effective way to reduce your problems with debt. It’s designed to be a solution acceptable to both debtor and creditor. Not … Read more
Paying off debt is a lot like many other things in life. Where there’s a will, there’s a way, and once you’ve got a plan, you’re halfway there. Each of us has different ways of thinking, so it’s important to figure out a scheme you can realistically stick with. There is no hard and fast … Read more
Including 407 ETR Debt in a Consumer Proposal or Bankruptcy Commuting costs can get expensive when you live near the city. Find out how you can get back in the driving seat Owning and running a car can get expensive enough without paying for the kilometres you drive too. Taxes, repair bills, the cost of … Read more
Helping Seniors Getting Out of Debt Dealing with debt can be tricky at any age but it can be particularly troublesome to be faced with money worries as a senior. At a time when you should be enjoying a stress-free retirement, mounting debt can have a substantial impact on your quality of life. If you’re … Read more
Credit Counselling Vs Bankruptcy When you’re looking for debt solutions, there are lots of options available. Before you can decide how to deal with your debts, however, it’s essential to learn more about the industry. As well as asking, what’s the difference between credit counselling and bankruptcy, you’ll want to know what other solutions are … Read more
Information on Debt Consolidation What you need to know before consolidating debt. Get fast facts on debt consolidation, what it could mean your finances and whether it’s the right option for you. A proactive approach to debt management is always a good thing but it’s important to understand the implications of your financial decisions. If … Read more
Being creditor proof has a big impact on how you choose to manage your debts. If your assets are protected from creditors, it may mean that you can avoid filing for bankruptcy. Although bankruptcy remains an option for people whose finances are creditor proof, it simply may not be necessary in order to resolve your … Read more
What Powers Do Creditors in Canada Have? If you’re struggling to manage your debts, there’s no doubt you’ll be feeling stressed and worried about your situation. In fact, ‘what can creditors do if I can’t pay?’, is one of the most common questions regarding debt management. Many people assume that they’re the only person having … Read more
Can I Discharge Tax Debt By Going Bankrupt? An unexpected tax bill can arrive at any time, which means you could find yourself struggling to manage tax debt suddenly and without warning. If you’ve been registered with the wrong tax code or have made a mistake when filing your taxes, for example, reassessment could mean … Read more
