Leamington
People Are Charging for Bankruptcy Advice. Being in debt can be a complicated and challenging situation—one where you can feel very financially and emotionally vulnerable. In fact, people in this situation often worry about their friends and family finding out about losing valuable assets like homes and business and even having their wages garnished. That … Read more
For those struggling with debt in Canada, it is good to know that there is more than one option to consider. In fact, there are four Canada- specific options. These include personal bankruptcy, business bankruptcy, consumer proposals, and division I proposals. The variety of choices regarding bankruptcy is a good thing because it means you … Read more
Generally speaking, consumer proposal payments result in settling your debts for roughly 30-40 percent on the dollar. However, the cost of a consumer proposal varies for each person based on a few factors, including income, assets, and debts. You may be thinking to yourself and wondering, “How are Consumer Proposal Payments Calculated,” so you know … Read more
Your Rights With Cell Phone Contracts There are more than 31 million active mobile phones in use across Canada, and each and every one of them will be on some form of a mobile phone contract. Despite so many people having mobile phones, very few people seem to be fully aware of what they are … Read more
How to Take Charge of Your Financial Future It’s impossible to predict what your financial situation will look like in the future. The best course of action is to protect your finances and do everything you can to ensure that you’re saving money, avoiding debt and planning ahead. Need Help Reviewing Your Financial Situation? Contact … Read more
Licensed Insolvency Trustees in Canada A Licensed Insolvency Trustee (LIT) is a federally-regulated professional who specialises in helping people who are struggling with severe debt. Trustees assume responsibility for overseeing processes, including filing a consumer proposal or bankruptcy. If you are in debt, and your trustee advises you to consider these options, they are authorised … Read more
How a Mortgage Rate Increase Can Negativey Impact Debt Payments Taking out a mortgage is the only way for most people to purchase a property, but it isn’t always easy to get the credit you need. As well as needing a substantial deposit, you’ll need to have a reliable income in order to obtain financing. … Read more
What Debt Help Resources Do I Have Available to Me? Did you know that as a Canadian, you have so many options available when it comes to clamping down on your debt? Personal debt is now at one of its highest levels and this means that more and more people are seeking relief solutions. The … Read more
What Financial Professionals Do I Need to Know? Sometimes life can throw you a curveball and you just have no idea how to deal with it. When things like this happen, you need to make sure that you have the right people by your side. Need Help Reviewing Your Financial Situation? Contact a Licensed Trustee … Read more
Debt Payments Myths If you want to get your life back on track with debt, then you need to make sure that you are doing everything you can to look at all of the options that are available. That being said, it’s also important that you do your own research into advice providers as well, … Read more
Avoiding Shady Debt Settlement Companies If you want to put an end to your debt once and for all, then you need to make sure that you go with a good company who can give you the support you need throughout the entire process. The last thing you need when you are facing a mountain … Read more
Dangers of Using Credit Card Reward Point Programs Credit card points and reward systems are used as incentives by the vast majority of credit card providers, but are they really a “reward” or are they just costing you money? Need Help Reviewing Your Financial Situation? Contact a Licensed Trustee for a Free Debt Relief Evaluation … Read more
Ignoring a problem is something that’s often much easier to do than you might think. When there doesn’t appear to be any immediate consequences, you can ignore an issue until it starts to get worse. Sometimes you might not even be ignoring a problem on purpose – you just forget about it until something reminds … Read more
How Bankruptcy Impacts Your Assets While many people consider bankruptcy as one of the most effective ways to deal with severe debt, it’s important to remember that you’ll likely need to give up some of your assets in order to complete the process. Thankfully, most of the assets you can keep are related to supporting … Read more
People often see retirement as our golden years. Once we retire, we usually don’t need to worry about financial obligations and we don’t have to worry about balancing our budget if we were frugal in the past. Unfortunately, debt can still be an issue if you’ve yet to pay off your mortgage or if you’ve … Read more
Getting a Mortgage When in Debt Owning a home is a dream that many people can relate to. Being able to move away from renting and dealing with landlords is liberating, but there are a couple of challenges to overcome before you can safely get a mortgage. One of those is dealing with your debts. … Read more
How to Deal With Debt Shaming Sometimes it’s impossible to get a thought out of your head. For instance, if you read ‘Don’t think about a pink elephant’ what immediately pops into your head? Exactly. No matter what you do you can’t shake it bouncing around in your mind. The same can be true for … Read more
Should a Deceased Person’s Estate Go Bankrupt? What happens to someone’s debt once they die? Does it disappear? Unfortunately, the situation is not quite that simple and the shocking reality is that debt can linger long after someone passes away. That’s important to be aware of, particularly when you realize a lot of people are … Read more
Why You Should Take Control of Your Debt Now Debt doesn’t build up overnight. It can take years for it to reach a point where it’s a serious issue in your life. The mistake people make is avoiding tackling it when they first notice the issue. Instead, they put it off for as long as … Read more
How Much is Debt Costing You? It’s fair to say that debt doesn’t just become a problem overnight. Debt will typically take months or even years to build up before it starts to feel like a serious issue in your life. When it reaches this point, you then need to think about fixing the problem. … Read more
