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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Having had so much experience dealing with people with debt, we often want to hear about what it is like to not have debt. Here are some of the things that are the most noticeable about living without debt both from our research and our experience with people like you who have finally got control…
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It is very likely that if you are digging deep into finding what solutions are available to you to fix your debt problem, you have heard about the Consumer Proposal. The Consumer Proposal has become increasingly common as opposed to personal bankruptcy, and the reasons and theories as to why its use has increased are…
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Seniors filing for bankruptcy is a growing trend in Ontario. Approximately 30% of the insolvencies in the last year were filed by senior citizens. With this growing trend, it is important to know about debt and death, as morbid as that might sound. We will discuss three topics regarding debt and death in this blog….
Read MoreThe Bankruptcy and Insolvency Act (the “BIA”) is the Canadian federal statute that allows individuals and companies to get legal protection from being pursued by creditors when they are overwhelmed with debt. When you come to us to seek advice to address a financial problem, in addition to explaining less formal debt solutions that might…
Read MoreOverwhelming debt takes a toll on your physical and mental well-being. From our years of experience, we can tell you that an individual’s state of mind and outlook in general changes significantly once debt problems have been addressed. Being unable to make your monthly minimum payments or constantly figuring out how you can ‘rob Peter…
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As promised, based on our many years of experience assisting people like you wondering what to do when receiving calls from creditors looking to be paid, here are some tips to handle these calls both before you see us and after you see us, depending on what action you decide to take to address your…
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