Holiday spending mistakes in Canada: Introduction Other than for some last-minute small items, your holiday spending is complete. The credit card bills will arrive next month. You will soon find out if you made any holiday spending mistakes in Canada. Maybe you overspent and will now have too much debt you won’t be able to […]
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I need financial help right now: Introduction Nobody expects their home to be destroyed or to receive a serious disease medical diagnosis. When emergencies like these do occur, unexpected expenses lead to economic tension. You’re forced to see the bills consume up any financial savings you might have had. You will no doubt be saying […]
Current insolvency assignments: Introduction One of our current insolvency assignments teaches creditors a valuable lesson if they wish to take part in a debtor’s restructuring proposal. Every licensed insolvency trustee maintains a website listing their current insolvency assignments that are noteworthy or of public interest. Today I want to tell you about a recent case […]
Consumer proposal vs debt settlement I am often asked to explain the differences of consumer proposal vs debt settlement. Debt is such a prevalent issue in our society today and we’re bombarded by commercials about different options for debt relief. Two of the most talked about are consumer proposals and debt settlement. However, most people […]
Not all debt management programs are created equal I have written previous blogs and made vlogs in the past about debt management programs, including: BEWARE OF DEBT SETTLEMENT COMPANIES – Read this blog to find out why THE LATEST ON DEBT SETTLEMENT COMPANIES DEBT SETTLEMENT COMPANIES FINALLY TAKEN TO TASK IN ONTARIO HOW ADVANTAGES OF […]
If you would like a free copy of our eBook: 12 THINGS A LICENSED INSOLVENCY TRUSTEE MAY NOT TELL YOU! PLEASE CLICK HERE Why won’t they tell me? It is not the case that any licensed insolvency trustee purposely won’t tell you everything you need to know. It is just that in all walks of […]
Consumer proposal process for a lottery winner? Why? Here’s a headline I’m sure you all remember – Three winners of the $1.586 billion Powerball jackpot. Here’s a headline you may have missed – The odds are that the US$1.5 billion Powerball winner will end up bankrupt (and if a Canadian, possibly a consumer proposal process).
Introduction We have written many blogs on the advantages of consumer proposals, including: HOW ADVANTAGES OF CONSUMER PROPOSALS SAVES YOU FROM DEBT SETTLEMENT COMPANIES CONSUMER PROPOSAL; THE GREAT ALTERNATIVE TO BANKRUPTCY CONSUMER PROPOSAL ONTARIO: AVOID BANKRUPTCY CONSUMER PROPOSALS: WHAT YOU NEED TO KNOW We thought it would be good to now put together a short […]
Jewellers making mortgage and car loans in the shadow lending market are afraid of the truth If you really knew who you were dealing with for that loan and what the real costs were, and how they felt about you, you certainly would question the wisdom of doing it. Here is what one such jeweller […]
Disaster Relief Scams is the topic we wish to warn you about this week. Last week we discussed the danger of scams including travel scams. Scams can be treacherous and unfortunately it’s easy to get taken in by organizations that we trust, especially charities. It’s virtually impossible to see massive destruction in the news and […]