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.
For more than 20 years, FACS Niagara has been supporting the Niagara community with a wide variety of services: Child protection – ensuring the safety of those most at risk from abuse or neglect Programming... Read more »
Being in debt to the Canada Revenue Agency can be unnerving. The CRA has strong collection powers so it’s important to know what you can do if you have received any form of notification as... Read more »
Yes, we’ve had years of relatively low and stable interest rates in Canada, but no more. On October 24, 2018, the Bank of Canada increased its benchmark interest rates another 25bp to 1.75%, the fifth... Read more »
If you owe a debt in Canada, but live elsewhere in the world, should you ignore past due Canadian debts you can’t afford to pay, or can you file bankruptcy in Canada when living abroad?... Read more »
It’s very important that everyone has access to nutritious food. The North End Harvest Market (NEHM) in Guelph achieves just that. Every Wednesday evening, the Market is open from 6:00pm to 7:30pm, allowing low income... Read more »
Most people we help with debt have been struggling unnecessarily with debt repayment for months, if not years. Running on the debt treadmill is a financial hardship no-one needs to endure. When you can’t afford... Read more »
The use of computer technology to manage money continues to explode across the financial services industry. Enter the robo-planner. The question is can an online computer platform help answer common financial questions like should you... Read more »
Welcome to our Hoyes Michalos Debt Free Digest where we round up personal finance topics from around the web to help you live, and remain, debt free. With social media often showcasing only the best... Read more »
A joint bank account is an account that allows two or more parties to each deposit, withdraw and manage funds in the account. Whether or not it’s a good idea to get a joint account with... Read more »
Defaulting on a loan has serious consequences, both for your finances and your credit. Missing a payment or two can be rectified, but being several months in delinquency, however, has bigger implications. Here is some... Read more »
Current regulations allow financial advisors to sell products like mutual funds and give the appearance that they are giving you financial advice that fits your situation. The problem is embedded advisors, like those at your... Read more »
Would you pay someone a 40% surcharge to refer you to a dentist? A doctor? How about to a lawyer? Probably not. With that same logic, you should never pay someone to refer you to... Read more »
If you are over-mortgaged and facing negative equity in your home, can you walk away from your mortgage in Canada? We explain what you can do when you can’t pay off the entirety of your... Read more »
Did you know it takes the average post-secondary student more than 10 years to repay their student debt? One in six insolvencies in Canada involved someone looking for student loan forgiveness. Why? Because after years... Read more »
A recent Twitter headline claimed that actor Charlie Sheen is having a ‘dire financial crisis‘ with less than $10 million to his name. While that might be a bit extreme, no matter how much money... Read more »
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