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Earlier in 2016, the Ontario government under Kathleen Wynne announced they would be trialing a basic income program within the 2016 budget. This announcement has prompted government figures at the Federal level to investigate the possibility of instituting basic income for all Canadians.  Read More

In a successful lawsuit, garnishment of wages and bank accounts may be awarded in the judgment. Since income assistance isn’t considered a wage, it cannot be garnished by regular creditors. If you owe the government money, you may see deductions from your usual government income.  Read More

Bankruptcy, a government law that allows you to seek relief from your debt and creditors, is sometimes the only means to be able to regain financial stability. There are several reasons why someone might file for bankruptcy to begin with, and many of these reasons could easily happen to anyone. Loss of Job.  Read More

Filing for bankruptcy can be one of the best ways to gain control over your financial situation. However, there are some things to take into consideration during the process to ensure that everything goes as smoothly as possible. If you are considering filing for bankruptcy, contact our team at Kevin Thatcher and Associates is today.  Read More

One of the biggest deterrents people consider when considering bankruptcy is the adverse effect it has on their credit score, which in turn has a negative effect on their ability to rent an apartment. Many people often think of a nightmare scenario in which bankruptcy leads directly to homelessness, but this is simply untrue.  Read More

Once you’ve filed bankruptcy, chances are you’ve already gone through a lot of grief. Once the worst is behind you, it’s time to make financial plans to get back on your feet. A key part of this is, obviously, finding a new job and starting to save again. The catch-22 of this, however, is the effect of bankruptcy on your job search.  Read More

Bankruptcy is certainly not a pleasant thing to contemplate, but sometimes there’s no other choice. When it comes to debt, and other financial problems, filing bankruptcy can be the best solution. You can, however, make the best of an unfavorable situation by preparing and planning ahead.  Read More

Debt consolidation can be an effective way to avoid declaring bankruptcy. Through a consumer proposal you can consolidate your debt effectively with a minimal effect on your credit history if you are already in a debt situation to begin with.  Read More

If you are married and need to claim bankruptcy, you may be concerned as to how your assignment into bankruptcy will affect your spouse. If your spouse is joint on a co-signed debt, then a creditor can legally pursue your spouse for repayment of that debt even if you file for bankruptcy.  Read More

If you have high levels of debt and are facing the possibility of bankruptcy, filing for a consumer proposal can be one of the best ways to regain control over your finances. Borrowers with high interest rates and outstanding balances can apply for a consumer proposal and begin to get out of debt. But what exactly are the requirements?  Read More