Blog

Even if your financial situation is so overwhelming that you are filing for personal bankruptcy, you will not have to give up all your possessions. Bankruptcies are not intended to be punitive, but are instead the fairest way for the honest debtor deal with their debt and move forward.  Read More

The law protects the rights of every party in bankruptcy: the creditors, the trustee, and the debtor. As a debtor, the law protects you from undue stress caused by collection agencies which harass debtors. If you are being illegally harassed by a collection agency, you can make an official complaint.  Read More

Under Canadian law, you have the right to open a bank account regardless of a lack of a job, a lack of money to put into the account right away, or past bankruptcy.  Read More

If you have mounting debts which you are unable to pay, your creditors could use a collection agency to chase you for payment. These collection agencies could threaten you with court action, or threaten to seize your assets.  Read More

In Canada, consumer proposals or personal bankruptcies must be administered by a licensed bankruptcy trustee. Bankruptcy trustees are not lawyers. Bankruptcy lawyers do not—unlike in the US—administer bankruptcies. If you decide to declare bankruptcy, a bankruptcy trustee must file the paperwork for you.  Read More

If your financial situation is so dire that you are considering seeing a lawyer about your debt problems, you should first make a thorough assessment of your finances. You may be able to solve your financial problem yourself, but if not you need to know where to go for help.  Read More

Managing your money can be overwhelming when you feel like you’re not making enough. Even the most responsible people with well-established jobs run into money issues. From increasing student loans to mortgage payments to overdrawn credit cards, there are many factors that go into your declining bank statement each month.  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

In Ontario there are two main credit reporting agencies: Equifax and TransUnion. These agencies keep track of your past and present: personal information, credit information, debt, and credit related enquiries.  Read More

I always finish my summer holidays with a much lighter wallet then I started with. It can be hard to resist the temptation to spend with and on family and friends, but if you plan ahead, create a budget (and stick to it), and think of money saving ideas, you are sure to have a wonderful (and stress free) summer.  Read More