Judgment and Lawsuit Stopped by Bankruptcy Act

Posted in Success Stories
Posted by Benny Mendlowitz, CPA, CIRP - LIT

For the average person, a judgment or lawsuit is a scary thing. This is not just someone calling you for collection or sending you past due notices. Somebody you owe money to is using the legal system and the courts to collect money from you. You feel like you are at their mercy. Usually, as is […]

What To Do If Your Wages Are Being Garnisheed: Infographic

Posted in Debt Help

A wage garnishment is a legal proceeding where a creditor sues a debtor to ensure that they are repaid for a debt. Any creditor can sue for a garnishment order for any debts owed including outstanding loans and bill payments to alimony and child support. To garnishee someone’s wages, a creditor must first file a Statement of Claim. […]

How Are Certain Debts Affected In A Bankruptcy?

Podcasts
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

We wrap up our Debt Free in 30 FAQ series with a discussion with Adam Rauf, bankruptcy trustee and consumer proposal administrator about how lease obligations, tax debts and 407 ETR debts are treated in a bankruptcy or consumer proposal and whether or not you can pay your proposal off early.

Whitby Senior Happy To Avoid Bankruptcy

Posted in Success Stories

Norma (not her real name) was struggling to get by on her pension. As often happens, she ended up using credit to help makes ends meet. Eventually she was ashamed to find that she had accumulated $12,000 in debts she could not repay. A neighbour in her townhouse complex gave her our number and told her to contact our […]

Wage Garnishments. No Need To Panic

Podcasts
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

On today's podcast our experts explain everything you need to know about wage garnishments and what you can do if you receive notice, or even a threat, that you wages will be garnisheed.

Show #28 - Full Transcript - Wage Garnishments

Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Listen to full podcast Wage Garnishments. No Need To Panic. Doug H:            Welcome to Debt Free in 30 where every week we take 30 minutes to talk to industry experts about debt, money and personal finance. I’m Doug Hoyes. As frequent listeners to this show know, I’m the co-founder of Hoyes, Michalos & Associates. A […]

How do I Stop a Wage Garnishment by Making a Deal with My Creditor?

Posted in Consumer Proposals
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

If a creditor has already gone to court and obtained a garnishee summons allowing them to garnishee your wages, the wage garnishment will only stop once it is paid, or if the creditor agrees to stop it. You can attempt to make a deal with the creditor. Here are two ways you can do this. […]

Dealing with collection agents

Posted in Debt Help
Posted by Howard Hayes, Btec, CIRP - LIT

If a lender’s efforts to recover a debt are not successful, they often hire a third party collection agency to try to recover their money. It’s never normally the best advice to bury your head in the sand and ignore the collection calls.  It will likely only make things worse.  Even if you have little […]

How to Stop a Wage Garnishment

Posted in Debt Help
Posted by Benny Mendlowitz, CPA, CIRP - LIT

Once a wage garnishment starts, there are two obvious ways to stop the garnishment: a consumer proposal or personal bankruptcy.