Leamington
Settle Tax Debts Without Battling the Canada Revenue Agency Every year many thousands of people living in Canada find themselves unable to pay the CRA (Canadian Revenue Authority) taxes they owe. In response, they often approach lawyers promising to fight the taxman on their behalf, but this might not be the best solution. Taking an … Read more
Repairing Bad Credit With a Car Loan If you recently filed for bankruptcy, you may wonder whether a car loan can help you repair bad credit. But is it a viable option? Need Help Reviewing Your Financial Situation? Contact a Licensed Trustee for a Free Debt Relief Evaluation Schedule Your Free Consultation How A Car … Read more
How to Manage Your Family Finances to Stay Debt Free Canadians keeping an eye on the news of late may be slightly alarmed to see that experts predict doom and gloom for debt across the country. Statistics consistently reveal that Canadian families are spending as much as 14.9% of their incomes on debts alone. Even … Read more
Debt Lies Most People Believe The Canadian debt spiral is real, and there’s a pretty high chance you’re stuck within it. A recent MNP study revealed that as many as 47% of Canadians expect issues paying their essential bills this year. When you pair this with the fact that average households now owe around $1.78 … Read more
How to Understand Your Credit Score When it comes to applying for financial products like a mortgage, loan or a credit card, lenders will typically look at your income, existing debts and any assets you own to determine if you’re eligible for their services. One of the most important factors that they check is your … Read more
Avoiding Instant Payday Loans is a Good Idea. Here’s Why. It might be easy to think that instant payday loans are a good idea – especially if you find yourself in a financial emergency. But it’s vital that you refrain from the temptation. Although it might not feel like it, by avoiding payday loans, you’ll … Read more
Get Stress Relief By Dealing With Your Debt Are you struggling with debt stress? You’re not alone. The average Canadian consumer debt is currently $8,500 and this doesn’t include mortgages. People who are in debt tend to suffer from debt stress syndrome. They are constantly worried about how much they owe and whether they will … Read more
Debt Consolidation vs. Consumer Proposal: What’s The Difference? If you are struggling with an insurmountable level of debt, you must look for a path to recovery. With various options available to you, it can be difficult to know which is the right choice. In this article, you’ll discover the key variables that you need to … Read more
How to Get Debt Consolidation with Bad Credit Debt consolidation can be a useful way to get the money you owe under control. But could it still be beneficial when you have a bad credit score? This article will explain everything you need to know. People who are suffering from high levels of debt often … Read more
How to Curb Overspending Although many people start each year off with the right intentions, often they find themselves overspending. An inevitable situation, it’s something that happens despite their best efforts to prevent it from happening. If you’re finding yourself in this type of situation, overspending when you should really be saving, then it’s vital … Read more
Few things in life are as stressful or emotionally crippling as being caught in a sea of mounting debt. If you find yourself falling deeper and deeper by the month, filing for bankruptcy may feel like the only way to stop yourself for drowning. While the opportunity to start over is an attractive prospect for … Read more
Who Can Help Me File a Consumer Proposal? When you realize that your debts have spiralled out of control, chances are you want to do everything possible to retake the reins. In order to efficiently manage the situation, you want to act quickly; however, most people want to avoid bankruptcy. A favoured method of managing … Read more
Consumer Proposals & The CRA When it comes to consumer proposals, you probably know that you must file the proceedings with the OSB (Office of the Superintendent of Bankruptcy). From there, the material is forwarded to your creditors who get a total of 45 days to reject or accept the proposal itself. In order to … Read more
In order to get your bankruptcy discharged, you are mandated to go to the two compulsory bankruptcy counselling sessions. Either they will be with the trustee managing your file or through a different financial professional. Typically, the first meeting is usually in the second period of your bankruptcy – two or so months into the … Read more
Can My Wages Be Garnished if My Car Has Already Been Repossessed? If you are wondering what happens when your creditor seizes the asset held as collateral, then threatens garnisheeing your wages, you are not alone. During difficult economic times, an increasing number of people are faced with these challenges. First, you ant to know … Read more
The Role of the Official Receiver in Bankruptcy Since bankruptcy is covered by Canadian legislation, there are multiple different professionals dealing with the different aspects of the proceedings. The Official Receiver is one of these people, tasked with managing aspects of your bankruptcy while also being an officer of the court. These professionals are trained … Read more
Consumer Proposal or a Debt Management Plan: Which is Better for Me? When it comes to debt, there are a couple of different approaches to handling it properly. Two proven methods include consumer proposals and debt management plans. While they do have a few similarities, they are different tactics meant for different situations. This breakdown … Read more
Pensions in Bankruptcy One of the key reasons people seek bankruptcy is to manage their financial future. Resultantly, a major concern related to going bankrupt is the risk of losing your pension. Workers pay into pension funds from the start of their careers, via the Canada Pension Plan (CPP). You can see this deduction on … Read more
Removing Bad History from Your Credit Report If you are facing a history of bad credit that is stopping you from planning for a healthy financial future, then it helps to learn how to get rid of bad history from your report. Need Help Reviewing Your Financial Situation? Contact a Licensed Trustee for a Free … Read more
How to Rebuild Credit Following a Bankruptcy / Debt Proposal If you experienced some financial struggles, chances are you have less than optimal credit. Poor credit leads to a wide range of challenges – particularly in terms of getting a loan. Generally, a new creditor will check with the credit bureau and look into your … Read more
