Blog 2017-11-29T18:26:25+00:00

Can I afford to file for bankruptcy?

You’re drowning in debt and something needs to be done but you’re worried about the costs of going bankrupt. Can you afford to file for bankruptcy? Even though you are struggling to make ends meet, there is a minimum fee that a Trustee in bankruptcy is required to charge to file your bankruptcy. The minimum fee ranges from $1,800 to $2,000 for a first [...]

August 14th, 2013|

How to Deal with Collection Agencies

Sometimes it’s hard to manage your debt load – especially if there’s been a job loss or an illness and you have fallen behind on your payments.  Once you have missed a few payments, your creditors will likely forward your debt to a collection agency. Your phone starts to ring and a collection agent pressures you to make payments.  Some of the calls may [...]

August 6th, 2013|

Budgeting should be a family event

Are you on an emotional roller coaster ride each time your child asks for something? Do you feel as if there’s too much of the month left when your money runs out? There are pizza lunches, school fundraisers music lessons, gymnastics – the list goes on. If your children are regularly in need of money, then it’s time that they learned the value of [...]

August 2nd, 2013|

How can my business survive when clients don’t pay?

There are nearly 1.2 million small businesses in Canada – employing 5.1 million people and accounting for 48.3 per cent of Canada’s total workforce. Small businesses contribute slightly more than 30 per cent to Canada’s GDP. That makes small business, big business. Most small businesses rely on accounts receivables to maintain their cash flow. Sometimes customers get into a habit of paying late, which [...]

July 2nd, 2013|

Debt Advice for Seniors

There’s a real fear among Canada’s five million seniors and boomers who are approaching their retirement years that they may not have enough money to have a comfortable retirement. Media reports about under-funded pension plans have added to those concerns. According to a national survey conducted for the Canadian Institute of Chartered Accountants (CICA), half of Canadians admit to worrying about money. Another study [...]

June 13th, 2013|

Can I keep my car in a bankruptcy?

This is a common concern to many individuals considering bankruptcy as a vehicle is needed to travel to work in order to earn an income. In most cases, the answer is yes. In Ontario, there is an exemption for you to retain a personal vehicle up to a liquidation value of $5,650. If you own your car free and clear, with no liens, and [...]

June 11th, 2013|