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If your financial situation is becoming unbearable and you have overwhelming and mounting debts --debts which you are unable to repay despite your best efforts—you should consider consulting with a bankruptcy trustee. In some cases, you will be able to repair your financial situation without having to file for personal bankruptcy.  Read More

In the world of financial problems and debt solution, just about everyone is familiar with the word bankruptcy, but not everyone has heard of a consumer proposal. When bankruptcy isn’t the right answer, but you definitely need some kind of help, a consumer proposal is often the ideal solution.  Read More

Going on vacation can cost a lot of money, even when you take a fairly modest trip within the country. The costs of hotel rooms, vehicle rentals, gas, and food add up quickly. If you follow these tips, though, you can start saving money for your next vacation.  Read More

Since people have longer life expectancies today than they did in the past, it's important for families to think about how they will prepare for two or three decades of retirement. These five strategies should help you make the most of your money so you can spend your retirement years enjoying life. It doesn't matter how old you are.  Read More

A collection agency’s main interest is recovering the amount owed to the original creditor. In addition to the stress of dealing with a collection agency, revealing your personal finances can be embarrassing or even threatening to your career.  Read More

A department of government, government agency, and court-ordered spousal or child support may seize your bank account to recover amounts owed. Other creditors must go through a civil suit and be awarded access to your bank account, otherwise your salary and assets are safe regardless of what the collection agency might say.  Read More

It’s absolutely possible for a creditor to pursue repayment through wage garnishment. Unless you have payments outstanding to a government agency, department of government, or court ordered child/spousal support, your creditor will need file a lawsuit to have access to your wages.  Read More

A bankruptcy trustee is an individual or corporation who is officially given the power to distribute a bankruptee’s property among creditors, in line with the rules laid out under the Bankruptcy and Insolvency Act. In other words, the trustee controls all aspects of your bankruptcy.  Read More

Often we squirrel away funds transferred from an Ontario registered pension plan into a locked-in account known as a LIRA, LIF or LRIF. They’re ‘locked in’ because these savings are meant for our retirement, and aren’t to be disbursed until we are in need of retirement income.  Read More

Payday loans are an increasingly popular loan option for many people. They’re so popular, in fact, that payday loan locations are open in nearly every major city in Canada, promising instant cash so long as you give them a post-dated cheque or other financial commitment.  Read More