Gambling addiction is a compulsion that is very difficult to overcome. It will probably come at no surprise that when gambling behaviors are out of control, debt, unfortunately, follows in the same pattern. The following pieces of advice will help guide you through these issues. Treat the gambling problem. The first step in treating your…
Read MoreMore often than not, when an individual is in a financial crisis, he/she will seek out a Trustee in Bankruptcy to aid with the matter at hand. However, the term, “Licensed Insolvency Trustee” is now becoming more and more commonplace – but what exactly is a Licensed Insolvency Trustee? A Licensed Insolvency Trustee (LIT) is…
Read MoreYou’ve all heard the saying, “save it for a rainy day”. Whether you’re younger, older, starting a new job, or retiring from an old one, everyone can benefit from saving money and planning for the future. In fact, everyone should do this – you never know when you may need to dip into your savings…
Read MoreSeniors are increasingly carrying more debt as they enter their retirement years and as the years accumulate, so does the amount of debt they owe. There are multiple reasons for this. First of all, the average lifespan is now much longer than it used to be, therefore seniors would have needed to accumulate more money…
Read MoreA bad credit rating is something that can put a damper on many things in your life. When you experience this situation, it makes it difficult to get that student loan, buy a home, or get a secure line of credit. You may think it is impossible to get out of this type of situation,…
Read MoreOftentimes, when people hear the word “bankruptcy”, they come to the immediate conclusion that they will lose everything they own. Although this is widely believed, this is a major misconception and we will clarify the terms of bankruptcy below. There are specific limitations called “personal bankruptcy exemptions”, which allow you to hold on to a…
Read MoreIt may not be considered “romantic” to talk to your spouse about finances, but it sure is necessary. In fact, multiple studies have recently shown that one of the main causes of marital disputes regards the issue of money, finances, and debt. These martial disputes are a main contributor of the high divorce rate,…
Read MoreAs you may already know, there are numerous beliefs (some true and some not true) about what measures collection agents are allowed to take when approaching debtors so that they may recover funds from delinquent debtors without subjecting them to harassment. We thought it would be useful to share with you the information below which…
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One trend in the world of debt solutions that is more and more common is the number of seniors who either cannot afford to retire due to debt or are forced to retire and faced with servicing debt without the income that previously allowed them to service the debt. As a result of this trend,…
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As credit has continued to become more and more available, the opportunity to gamble legally has also grown, according to Toronto bankruptcy trustee Howard Landau. As a result of the above, and over the years, more and more bankruptcies and consumer proposals have been filed largely resulting from gambling debt. We have seen in our…
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