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.
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 »
Selling your assets to pay off debt can be tricky. Depending on the asset, there may be unforeseen costs. Cashing in your savings may not completely deal with your debt problems. You may, in fact,... Read more »
I meet with people every day who have built themselves a plan to pay off their debt, then failed because of one common thing they didn’t know ahead of time – their debts were too... Read more »
Whether your inheritance is included in a bankruptcy depends entirely on when you become entitled to receive the proceeds. As this is a complex issue, I talk with Ted Michalos and we take a detailed look... Read more »
Sometimes a simple spreadsheet is better than a modern app for creating a good, workable budget. This month, we’re sharing 3 best and free budgeting spreadsheets for you to try! Each one has unique features.... Read more »
The best way to control your auto expenses is to buy a car you can afford. This keeps your monthly car loan payments low (since you borrow less) and ensures that you don’t over-finance. But... Read more »
Debt accumulates over time, a little bit here, a little bit there. You don’t notice the balance growing until it’s too late. Why not take the same approach to pay off debt? Making multiple, small... Read more »
Every financial guru says that achieving success starts with setting a goal. I disagree. While there is some benefit to setting goals, you are more likely to achieve success if, instead of focusing on goals,... Read more »
This past year may prove to be a turning point for household debt in Canada and not in a good way. As of October 2018, Canadian household debt reached a whopping $2.158 trillion. Undoubtedly, this... Read more »
It’s been a long time coming, longer than Ted Michalos and I predicted in our past year-in-review podcasts. We predicted that 2014 and 2015 consumer insolvencies would remain flat, and they did. However, last year,... Read more »
If you just earned a bonus from your employer or received an unexpected sum of money, how should you use that bonus if you also have debt? I talk with Scott Terrio and we outline... Read more »
Financial technology, or fin-tech, has come a long way. Much more than just a budgeting app, now you can do your banking, money management, investing and even borrowing, online. In addition to apps, fin-tech companies... Read more »
Christmas is around the corner. Hopefully you’re done shopping for the people on your list. Regardless, there will be plenty of opportunities to spend in the final run-up to Christmas. Our December edition provides tips... Read more »
When you have debt, Christmas is a stressful time. With pressure to spend on family, friends, co-workers, and maybe even your barber, the season turns into more of a financial burden than a time to... Read more »
If you have a lousy credit score, chances are you already carry high-interest debt. Your ability to obtain a debt consolidation loan at a reasonable rate when you have bad credit is severely compromised. You... Read more »
Debt Relief Experts