Leamington
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
How to Use a Credit Card Without Going Into Debt Credit cards come with a bad reputation. When you see reports of Canadians racking up a total of $100 billion in credit card debts, you can understand why people are cautious. In many ways, they are one of the biggest debt traps out there. It’s … Read more
What is the Minimum Amount of Debt Needed to Go Bankrupt? Should you file for bankruptcy in Canada? More specifically, do you qualify for this? Are there any terms you must meet before you go through the bankruptcy process? It’s an extreme solution to debt problems, ensuring that you clear most of your debts and … Read more
What Can I Keep in an Ontario Bankruptcy? There are lots of misconceptions surrounding bankruptcy in Ontario. Primarily, you may fear that you lose everything you own. The reality is that you can still maintain ownership of some possessions if you file for bankruptcy in Ontario. Yes, some things will be lost, but that doesn’t … Read more
Tips on Dealing With Creditors Following Bankruptcy One of the most important things to remember before, during and after your bankruptcy is that your Licensed Insolvency Trustee is the best advisor you could wish for. Whenever you’re unsure, it’s always best to seek the advice of your trustee. Dealing with creditors after your bankruptcy has … Read more
The main thing to remember about your bankruptcy is that the process primarily exists to give a fresh start – being bankrupt is not about being punished, and the process won’t last too long. The point at which your remaining debts eventually get cancelled is the point when you receive a discharge from the process. … Read more
Clearing WSIB Debts With a Bankruptcy or Consumer Proposal Even if you’re a self-employed contractor with zero employees, you’re no doubt aware the Ontario Government’s Workplace Safety & Insurance Board (WSIB) rules still apply to you. With coverage under the scheme mandatory and a WSIB Clearance Number needed to get paid for contracts – it’s … Read more
Avoid These Common Money Mistakes People Make When in Debt All feels well in the world when you’re earning plenty of money, and that income covers your outgoings and gives you spare cash each month. What happens when you end up in a situation where your outgoings are more than what you earn? People in … Read more
What Happens if a Creditor Opposes the Bankruptcy Discharge? Bankruptcy should never be considered as the first step if you are struggling with debt. There are multiple other steps that should be taken first. These options are going to be far more beneficial to you. However, there will be some cases where bankruptcy can be … Read more
Debts After Death Are you wondering what happens to debt in the event of someone’s death? This article will tell you everything you need to know. A recent report has revealed that an alarming number of people are expected to die with a certain level of debt hanging over them. But does death really give … Read more
Watch Out For These Sneaky Credit Killers Are you worried about your credit? Here are some of the key issues that you need to be aware of that can hurt your rating. Your credit score is important. It’s how lenders will determine whether you are reliable and a good choice for them. Need Help Reviewing … Read more
Keep Your Home and Get Out of Debt Most people who are struggling with high levels of debt want to get out. They hate the position they have found themselves in and are searching for a way to escape. However, they don’t want to be left with nothing at the end of the process and … Read more
Using Your Credit in a Responsible Manner Consumers have a love-hate relationship with credit cards. On the one hand, they’re a key cause of debt. Many people fall into the debt traps that credit cards put down. However, it’s easily argued that the reason credit card debt exists is that most consumers don’t use credit … Read more
Is Bankruptcy or a Consumer Proposal Best For Student Debt Relief And Repayment? Did you know that only 34% of Canadian students pay off their student loans within three years of graduation? For the remaining 66%, it will likely take you upwards of six years to be completely debt-free. This is a significant problem that … Read more
Filing Bankruptcy For Small Business Debt Do you own a small business in Canada? If so, you may be experiencing some troubling times. Perhaps you took out some loans to finance your business, but you’re unable to pay them back. You’ve sat down with an accountant and figured out that you’re heavily in debt. You … Read more
How to Avoid Overspending What is the best way to stay out of debt? Ensuring you have enough money to make any vital payments every month. In short, this starts by curbing your spending. So, here are our ten best tips to keep you from overspending: Need Help Reviewing Your Financial Situation? Contact a Licensed … Read more
In Default on your Loans? Learn What To Do There are many reasons you might need a loan. Many people obtain secured loans to buy a house or car, while some people use credit cards as a way of borrowing money. Regardless, you must stay up-to-date with all of your repayments. When it’s time to … Read more
Does Everyone Know I’ve Gone Bankrupt? Most people get a feeling of dread deep in their stomach when they think about their friends and family finding out they have filed for bankruptcy. However, contrary to popular opinion, a notice of insolvency isn’t likely to be filled in the local paper, telling everyone you have ever … Read more
Advantages Of A Consumer Proposal Explained As one of the most popular debt solutions available in Canada, consumer proposals are frequently used to reduce debt and make it more manageable. Although making a consumer proposal is often the best way for an individual to resolve their debt problems, it’s important to get personalized advice before … Read more
What Are The Canadian Bankruptcy Laws? If you’re experiencing debt problems and you want to resolve your financial issues, it’s important to consider every possible option. By learning more about Canadian bankruptcy law, you can understand the pros and cons associated with filing with bankruptcy and determine whether it’s the right course of action for … Read more
