Leamington
What is an Instant Cash Back on Tax Refund? Getting instant cash back on tax refunds sounds like a dream. You’ll have your money in-hand right away without having to wait weeks. With the average consumer debt in Canada reaching nearly $73,000, it’s no surprise that anyone would want to have cash on the spot … Read more
Going to Jail in Canada For Unpaid Debts Let’s answer the big question here right up front: You don’t go to jail just because you default on a payment of some kind. There were over 11,000 consumer bankruptcies filed in Canada in the first quarter of 2020 alone. That would be a lot of arrests … Read more
Getting Out of Payday Loan Debt Once and for All Payday loans are hailed as an easy solution to money worries but, in reality, they’re one of the easiest ways to build up unmanageable debt. As the industry continues to grow rapidly, an increasing number of people are getting trapped into a cycle of debt. … Read more
Getting A Debt Consolidation Loan With Bad Credit The harsh reality of life is that there will be times when you can’t afford to pay your bills. For example, this might be due to loss of earnings or other personal circumstances. When repayments don’t get met as agreed, you’re likely to end up with bad … Read more
Canadian Bankruptcy Discharge Although bankruptcy can be one of the best solutions for unmanageable debt, many people are unaware of exactly what bankruptcy means and how it works. Simply filing for bankruptcy won’t make your debts go away, for example. Instead, you’ll need to wait for your bankruptcy discharge for your debts to be eliminated. … Read more
Impact of a Consumer Proposal on Credit A consumer proposal is a popular debt relief option, giving you the opportunity to climb out from underneath whatever sum of money you might owe. While many people try to compare a consumer proposal and bankruptcy, the two are very different. Need Help Reviewing Your Financial Situation? Contact … Read more
Finding a Licensed Insolvency Trustee Household debt is just another part of life for a lot of Canadians. Yet, while some of us are able to manage our debts effectively and pay them down quickly, the rising cost of living can make this difficult for many. In fact, 47% of Canadians feel that they’re drowning … Read more
Filing for bankruptcy in Canada is a serious financial decision that will impact your future. In truth, most individuals should view this as a last resort. Despite this, bankruptcy is still considered the most appropriate course of action for 125,000 Canadians each year. It might be the right option for you too – but only … Read more
If you are faced with significant and mounting debts, bankruptcy is a possible way out. However, you should always analyze the alternative methods first, not least because filing for bankruptcy should be your very last resort. An Orderly Payment of Debt, otherwise known as an OPD, could be the perfect debt payment alternative. Need Help … Read more
How to Deal With a Collection Agent Snowballing debts cause stress for a wide range of reasons. However, facing the bombardment of calls and letters from collection agents is perhaps the very worst culprit. It is suffocating and can prevent you from moving on with other aspects of your life. Therefore, devising a solid strategy … Read more
Managing Debt in Canada Owing money is stressful, which is why finding the right repayment strategy to escape debt in the fastest time. A Debt Management Plan, otherwise known as a DMP, could be the perfect solution. Bankruptcy Canada can support you through the process, but you must first try to familiarize yourself with the … Read more
What happens to my vehicle, if I file for bankruptcy? Many people worry about whether their car will be taken away if they declare bankruptcy. A concern that is not altogether unfounded or unreasonable. After all, we need our vehicles to live our regular lives. It is also the case that some cars are repossessed … Read more
How much will it cost me to file for bankruptcy in Canada? Bankruptcy Costs & Fees are a critical concern for anyone considering entering into this process as a form of debt relief. After all, if you find yourself in a position where you may need to declare yourself bankrupt, you are unlikely to have … Read more
Avoiding a Consumer Proposal Annulment A consumer proposal can be an excellent way of managing your finances and reducing your debts. When your consumer proposal is accepted, your debts can be reduced by up to 75% and creditors can be stopped from any subsequent interest to your accounts. Offering many of the benefits associated with … Read more
Power of Attorney to Deal With Parental Debts If you believe your parents are struggling to manage their finances, you may want to assist them with how they’re handling their debts. However, you’ll need legal authority in order to be able to make decisions on their behalf. If your parents aren’t willing to let you … Read more
Student Loans & Financial Hardship When you’re exploring the debt solutions that are available to you, it’s important to remember that government-related loans are treated differently than standard consumer debts. Loans which relate to the government, such as student loans or unpaid taxes, can only be dealt with via a restricted number of debt solutions. … Read more
What You Need To Know About Inheritances and Other Windfalls in Bankruptcy If you’re considering filing for bankruptcy, it’s highly likely you’re running low on liquid assets or you’ve already exhausted any savings you had. Before you decide to file for personal bankruptcy, however, it’s important to consider what would happen if you came into … Read more
House Equity in Bankruptcy Before you declare bankruptcy, it’s important to understand all of the consequences associated with this form of debt resolution. If you own any assets, for example, you’ll want to be sure that they aren’t going to be seized if you file for personal bankruptcy. Although many people who file for bankruptcy … Read more
Personal Bankruptcy & The Potential Sale of Assets As an increasing number of Canadians consider filing for bankruptcy, more and more people are searching for information regarding effective debt solutions. Although bankruptcy is a common method of debt resolution, there are many misconceptions surrounding the process. For example, many people assume that being declared bankrupt … Read more
When it comes to resolving debt problems, one of the most popular options is to opt for a Consumer Proposal. It’s a legally-binding process that gets administered by a Licensed Insolvency Trustee, also known as a “LIT.” Of course, it’s not a process that should be chosen to resolve your debt problems without first getting … Read more
