Who Goes to See a Licensed Insolvency Trustee? Part 3

Everywhere you look there are reports on the record level of debt that Canadians are carrying.  Surprisingly, the number of insolvency filings has actually decreased substantially from ten years ago.  With low interest rates and low unemployment, some debtors are managing to continue to make their monthly payments and pay down their debt.  Many are not able to find a solution on their own, which [...]

Who Goes to See a Licensed Insolvency Trustee? Part 3 2018-09-07T09:40:40+00:00

Who Goes to See a Licensed Insolvency Trustee? Part 2

To prove that you are not alone in dealing with too much debt and to give you some comfort about how easy it can be to call me for help, here is story #2 of a debtor named ‘Joe’. Joe is 30 years old and has accumulated a significant amount of debt due to addictions, unemployment and deteriorating health.  He is getting his life turned [...]

Who Goes to See a Licensed Insolvency Trustee? Part 2 2018-08-07T13:48:53+00:00

Who Goes to See a Licensed Insolvency Trustee? Part 1

It is almost a certainty that everyone you know has debt, whether it is in the form of a mortgage, car loan, credit card, old cell phone bill or personal loans from a family member.  I’m confident that every one of those people would like to repay their debt – nobody borrows money with the intention of just filing bankruptcy to get rid of it.  [...]

Who Goes to See a Licensed Insolvency Trustee? Part 1 2018-07-23T09:37:57+00:00

2016 – Your Year of Financial Recovery

Did you meet your financial goals for 2015? Or did you track your expenses for a couple of months and then fall back into old habits of spending without accountability? Have you already forgotten about your 2016 financial New Year’s resolutions? Media coverage on the high level of debt Canadians are carrying may make you feel better about your own situation – you are in [...]

2016 – Your Year of Financial Recovery 2017-12-05T19:59:37+00:00

Spring clean your finances too

Finally, the weather is warmer and we can come out of our winter hibernation. We feel the urge to spring clean our residences and our yards. Spending time outside also allows you to avoid those never-ending phone calls from collection agencies. Now is not the time to avoid your debt – spring clean it – just as you would your house and gardens. Here [...]

Spring clean your finances too 2017-12-05T19:59:44+00:00

Selecting the right Trustee in bankruptcy

Finding a Trustee in bankruptcy is easy – just Google “bankruptcy” or flip through your phone book. Selecting a Trustee may be more difficult. Why? Taking the step to even explore the idea of bankruptcy is an emotional decision. No one wants to feel as if they failed. No one wants to let someone else know they’ve had trouble managing their finances. Yet, however [...]

Selecting the right Trustee in bankruptcy 2018-07-13T11:58:51+00:00

Bankruptcy and your 407 ETR debt

Until January 2014, any debts owing to 407 ETR could result in a license plate denial – even if you filed for bankruptcy. Generally, the federal law states that debts that existed prior to an assignment in bankruptcy are erased after your discharge from bankruptcy. This “fresh start” principle allows an insolvent person to get back on their feet and move forward without the [...]

Bankruptcy and your 407 ETR debt 2018-08-20T13:11:16+00:00

A Special Thank You

Most people go to work every day and perform their daily tasks because that is what they are paid to do. At Taylor Leibow, we take pride in the fact that what differentiates us from our competitors is the professional, non-judgmental, compassionate and caring manner in which we treat every debtor that enters our offices. Receiving a thank you letter, like the one below, [...]

A Special Thank You 2017-12-05T20:00:31+00:00

Start 2014 off right by paying down debt

Did you overspend in 2013? Did you purchase more than you can afford over the holidays? Those bills are likely piled up on your desk – or perhaps even unopened – and you’re wondering how everything is going to get paid. You are not alone. Paying down debt is a top priority for Canadians in 2014 according to a poll from CIBC. The results [...]

Start 2014 off right by paying down debt 2017-12-05T20:00:37+00:00

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 [...]

How can my business survive when clients don’t pay? 2017-12-05T20:01:16+00:00