Our knowledgeable team of Licensed Insolvency Trustees provide information and expert advice to help you on your way to becoming debt free. Our blog includes podcasts, videos, articles, case studies and Industry Insights about consumer proposals and bankruptcy in Ontario as well as personal finance, credit rebuilding and other money management tips for anyone looking to get out of, or stay out of, debt.
The Office of the Superintendent of Bankruptcy has announced the new surplus income limits for 2019 bankruptcy filings: Family Size Income Threshold 1 $2,203 2 $2,743 3 $3,372 4 $4,094 5 $4,644 6 $5,237 7 $5,831... Read more »
Budgeting for bill payments and saving can be a straightforward process when you have a regular, consistent paycheque. But how do you stay on top of your finances when your income differs from one month... Read more »
Did you know that scammers will mention a small piece of personal information in order to look credible? This is one of the many tricks fraudsters use to gain your trust so you reveal even... Read more »
In over 20 years helping Canadians eliminate their debt, I’ve yet to hear a single client say they chose to have debt problems. Debt accumulates over time and then it becomes an even bigger problem... Read more »
Many tax preparation companies offer a “cash back” option, meaning that they give you cash on the spot after preparing and filing your tax return. H&R Block is the most common example, but many smaller... Read more »
When used correctly, a credit card is a helpful tool to build your credit history, and it’s safer than carrying cash. However, when mismanaged, a credit card can quickly become one of the most expensive... Read more »
You may be surprised to hear that 4 in 10 bankruptcies involve payday loans. For many people, payday loans are not a one-time borrowing option. You may start out thinking I’ll only take out one... Read more »
Many people we meet are surprised to find themselves so far behind financially they can no longer pay their bills. The problem with debt is that it creeps up on us slowly. Today we are... Read more »
There are consequences for failing to make your debt payments as they become due; however, you do not go to jail just because you default on a credit card debt, bank loan, student debt or... Read more »
Whether you are a borrower or a beginning saver, the best way to beat the bank at its own game is to learn some basics so you can make a better decision. I talk with Larry... Read more »
There are many ways to jointly manage your finances. You might have a joint chequing or savings account. You can get a joint or supplementary credit card with a spouse, child or sibling or be... Read more »
A debt collector does just what the name suggests: they collect on unpaid debt. They won’t review all your debt relief options with you or give you a plan that makes debt repayment realistic and... Read more »
Some people struggle with $5,000 dollars in debt. Others can handle $50,000. It’s not the total amount of debt that you owe that signals you have debt problems, it’s your ability to repay your debt that matters;... Read more »
A home equity line of credit (HELOC) is a loan secured by the equity in your house. A HELOC is often presented as a great borrowing tool because unlike with credit cards or unsecured loans,... Read more »
In another article about wage garnishments, we talked about who can garnishee your wages in Canada. Compared to other creditors, the Canada Revenue Agency has the most extensive powers of debt collection. One of their... Read more »
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