Leamington
Gordon Sands How Hard Is it To Go Bankrupt? The short answer is no, it is not difficult to file bankruptcy in Canada. While it is not difficult to claim bankruptcy, you should be aware of some things before you consider going bankrupt as a way to manage your debt. Bankruptcy is a legal way for honest … Read more
How Bankruptcy Can Help You Clear Your Unsecured Debts When you claim personal bankruptcy the goal is to get debt relief if you are dealing with an overwhelming debt problem you cannot clear on your own so it is important to be aware of the debts eliminated by your bankruptcy discharge. Fortunately, personal bankruptcy laws … Read more
Licensed Insolvency Trustees (LITs) are federally regulated debt professionals who are highly qualified and well-trained. The Office of the Superintendent of Bankruptcy provides LITs with the license they need to administer insolvency services, such as assisting with bankruptcy or filing a consumer proposal with your creditors. Only LITs are able to assist people with filing … Read more
Many people dealing with financial problems and high levels of debt often think “I need financially help immediately!” Fortunately, there is help available from government licensed debt consultants. You can meet with one of our Licensed Insolvency Trustees, who will explore all of the options that could work for your debt and personal debt relief … Read more
How to Get Debt Help for Seniors According to a Statistics Canada report, 34% of retired Canadians over the age of 55 are still trapped in debt. 17% of those seniors have debts of over $100,000. A report from Equifax in 2017 found that seniors are increasing their debts more than any other demographic in … Read more
Consumer Debt Proposals in Canada With a Consumer Proposal You Keep all of Your Assets, Including your Home, Car and RRSPs Reduce Your Debt By 70% or More Stop Creditor Collection Attempts, Harassing Collection Calls and Wage Garnishments 400+ Offices Across Canada | 20 Years of Experience | 100,000 Satisfied Canadians Consumer Debt Proposal: Your … Read more
Unfortunately there are many myths about consumer proposals out there. These myths are posted online, on social media, or repeated on the radio. Despite the myths and misconceptions told about filing a consumer proposal, proposals have become a popular debt relief option for people struggling with debt problems. In this article, we will explore the … Read more
Being in debt can raise many emotions, including shame, fear and guilt to name but a few; and all of them are emotions that can be difficult to stand up to. With emotions flared and creditors on their backs, it’s unsurprising that many people try to ignore their debt as a tactic for dealing with … Read more
If you have heard of good debt and bad debt before then you should know that such debt is a sensible investment for your financial future. Your good debt should leave you way better off in the long-term and it should also not have any negative impact on your financial position. With this kind of … Read more
If you are in a large amount of debt and you want to look into restructuring it, then you will essentially agree with your creditors to pay back a reduced amount, with different terms that make the whole thing much more affordable for you. If you have a family and you are struggling to meet … Read more
If you feel as though the debt that you are in right now is becoming unmanageable, then there are steps that you can take to try and stop yourself from spiralling. Here’s what you should do if you are facing excessive debt you cannot repay. Make a Budget Making a budget is a very important … Read more
Sometimes your debt can feel unsurmountable and you might feel overwhelmed by your debt. You may find that interest keeps adding on to what you owe, but your income stays the same. Fortunately, if you take the right steps and if you harness the right strategies then you will soon find that you are able … Read more
If you’re dealing with debts you cannot afford to pay, your creditor might process a wage garnishment to help recover the money directly from your wages. This can happen with little warning and will continue to happen until the debt is paid off. If, for whatever reason, your debts have become unmanageable and unaffordable, having … Read more
One of the most common reasons why people file for bankruptcy is due to high-interest debt. Debt can be manageable while interest is low, helping you make affordable payments that fit within your budget. But unfortunately, not all loans and credit cards are low-interest, and it’s the higher interest debts that lead to problems. There … Read more
Talking about money remains one of life’s great taboos. And there are many reasons for this. For many, talking about money causes feelings of embarrassment and insecurity – something that applies whether you have a lot of money or none at all. But despite all of the negativity around talking money, there are a lot … Read more
If you have serious debt problems, will declaring bankruptcy solve them? This is a question we often receive from Canadians with money issues. Bankruptcy is a topic that most people have a very basic understanding of. You may understand the gist of declaring bankruptcy, but how will this affect your debts and your future? What … Read more
If you’re suffering from financial problems, you may have to consider some insolvency options and if you are interested in meeting with a trustee you might be wondering if the trustee charges any extra fees or fees for a consultation. In Canada, those options are limited to consumer proposals or bankruptcy. To proceed with either, … Read more
So, you’ve defaulted on a consumer proposal by not paying three months’ worth of payments, and now you’re terrified that debt collectors will begin hounding you for the unpaid debts you owe them, along with the compounded interest since the consumer proposal was initially filed. If that sounds like you, you do have options to … Read more
Are you getting hounded day and night by debt collectors, even though you’re trying your hardest to pay back your creditors? If so, you may be looking for any and every way to get the debt collectors to stop harassing you. Below are several methods that can help you stop these anxiety-inducing tactics. Read on … Read more
Whether you’re in a good financial place of in a state where you may need some professional debt relief help, the following bankruptcy-related terms are ones every Canadian should know and can help clarify any confusion. Here are the Top 6 Bankruptcy Terms Every Canadian Needs to Know: Bankruptcy If you are completely insolvent, a … Read more
