Leamington
How High Debt Levels & Increasing Interest Rates Are Hurting You Are you struggling with debt as a resident of Canada? You’re not alone. Numerous people are in the same boat and finding it difficult to get their finances back on track. Experts are citing numerous reasons for this from payday loans to a surge … Read more
Getting Credit While in a Consumer Proposal Filing a consumer proposal is one of the most reliable ways to get out of debt. Depending on your circumstances, you could potentially reduce your debt by up to 80%. However, it’s a good idea to remember that applying for a consumer proposal does leave a note on … Read more
What to Expect From a Consumer Proposal Debt is an issue that can affect almost anyone. People go into debt for different reasons, so it’s understandable that everyone’s process of getting out of it can be a different story. While many people chose to claim bankruptcy to wipe their debts, there are a number of … Read more
Human Resources Professional and Insolvency Are you wondering whether you can file either a consumer proposal or for bankruptcy as a human resources professional? Here’s what you need to know about this step if you do fill one of these positions. There’s no set rule on who will or won’t be declared insolvent in the … Read more
1 In 6 Canadians Go Bankrupt…You are not Alone! Are you worried about the level of debt that you’re dealing with right now? You’re not alone and in this article, we’ll reveal the dangerous situation that could lead to a lot of Canadians facing bankruptcy. According to recent statistics, 1 in 6 Canadians are going … Read more
Surplus Income Payments & Why They are Necessary For Some Bankrupts Are you unable to afford your house payments or vehicle costs? If so, then you will need to make surplus payments. Here’s everything that you need to know about this part of filing for bankruptcy. Once you research bankruptcy, you’ll begin to understand and … Read more
There are numerous pathways out of debt and the trick is finding the one that matches your needs. In this article, we’ll discuss everything that you need to know about a consumer proposal and bankruptcy. Are you struggling with insurmountable levels of debt? If so, then you might be wondering what your options are and … Read more
Why Your Attitude is Important When Dealing With Money Troubles One of the most common reasons that people end up in a difficult financial position is that they take the wrong approach to money. That is why rethinking your money attitude is so important if you want to avoid debt and secure your finances for … Read more
Regardless of how much money you have in the bank, you are always at risk of a financial crisis if you have high debt obligations. Unfortunately, it’s easy to slip into a cycle of debt and when people are able to make their minimum payments, they often assume that their finances are stable. However, that … Read more
As economic trends change, the average person that files for insolvency is also changing. In the past, there has been an increase in the number of seniors filing for bankruptcy and many people with a lower household income were running into issues because they were too reliant on debt to make ends meet. Recent information … Read more
Borrowing can be a useful financial tool, but if you find yourself in a situation where you cannot cover all of your monthly expenses and you resort to credit cards to make ends meet, that’s not a good thing. If you resort to using credit cards, or even payday loans every month, you will soon … Read more
Consumer proposals are an alternative to bankruptcy that allows you to pay less than what is owed. You make a proposal to your creditors and agree on an amount that you will pay back, and the rest of the debt is written off. You will then pay the agreed upon amount in monthly instalments over … Read more
There are many reasons that people end up in debt. In some cases, poor borrowing decisions lead to a cycle of debt that is difficult to get out of. Unexpected expenses can also disrupt your finances and lead to large debts. But one reason that we don’t discuss as often is addiction. Addiction and debt … Read more
When you file for bankruptcy, provided that you meet your obligations, you will be awarded a discharge and released from your debts. But there are certain exceptions to that and many people ask the question, will fraud charges survive bankruptcy? If you are making a case against somebody that has committed fraud and they declare … Read more
Involuntary Bankruptcies The idea of filing for bankruptcy is a very scary one for a lot of people. While this process can be the mechanism that enables you to achieve financial freedom, there are many misconceptions surrounding this sort of process that leave people feeling negative about it. One of the most common of these … Read more
How Can I Keep My House if I Can’t Pay My Mortgage? A mortgage is the largest and most expensive loan that most people will get during their lifetime. This loan covers the cost of a home, enabling you to escape the pressure of paying rent, while also building a legacy for your kids and … Read more
It’s an unfortunate yet unavoidable fact. Just because someone gets into overwhelming debt and files a consumer proposal, that doesn’t mean they’ll be immune from trouble for life. Debt can get on top of anyone, and it can happen easily – in fact, it happens to thousands of Canadians every day. That’s why, here at … Read more
Consumer Proposals & Eliminated Debts Being in debt is often distressing. It’s not that surprising, and none of us really want to be in a position where our debt has gotten out of control. What can be surprising, however, is what causes that distress. One of the most wearing aspects of debt can be the … Read more
Sometimes, it’s not that simple to file for bankruptcy or a consumer proposal. There can be issues associated with your job that you need to consider before just steaming ahead. It’s natural and wise to address your debt problems before they get even further out of hand – but you need to make sure you’re … Read more
Unsecured creditors shouldn’t be able to take your vehicle – right? Well. It’s not quite that straightforward, so you should read on. If you’re in any type of debt and it’s gotten out of hand, it’s important to know all the facts about how unsecured creditors can legally go about recovery. Knowing the facts about … Read more
