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Will I Lose My Home If I Go Bankrupt?

Posted on Jun 1, 2017 in Advice from Richard, Bankruptcy, Consumer Proposals, Debt, Uncategorized, Videos | 0 comments

In this video, Richard Killen, a Toronto Licensed Insolvency Trustee answers the question most homeowners ask, which is “Will I lose my home if I go bankrupt or do a consumer proposal?” Because you may have debt problems, you may be concerned with losing your home and most people figure that “if they go bankrupt they are never going to keep their house.”  And for most people, that is a very traumatic thought, however, it can be avoided. I...

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The Role of a Licensed Insolvency Trustee in Mississauga

Posted on Apr 7, 2017 in Bankruptcy, Consolidation Loans, Consumer Proposals, Debt, Finances, Financial Advice | 0 comments

The role of a Licensed Insolvency Trustee in Mississauga is critical in helping consumers who choose to go through the process of filing for bankruptcy to solve their overwhelming debt problems. Not only do they play a very big part in helping to minimize confusion, but they are present from beginning to end to make sure that every step of the process gets done as quickly and efficiently as possible. Licensed Insolvency Trustees (LITs) are the...

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Consumer Proposals in Toronto

Posted on Oct 29, 2016 in Consumer Proposals | 0 comments

In November 1992 the Bankruptcy Act received a broad overhaul for the first time since 1966. If you can imagine the changes that had taken place in Canadian society between those years you can understand that this was due; probably overdue. One of the main changes to the Act, other than re-naming it the Bankruptcy and Insolvency Act (BIA), was the introduction of something called a Consumer Proposal. It was a game changer. A proposal of any...

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Bankruptcy Counselors Toronto vs Licensed Insolvency Trustee

Posted on Oct 10, 2016 in Bankruptcy, Consolidation Loans, Consumer Proposals | 0 comments

It almost sounds funny, doesn’t it? Bankruptcy Counselors Toronto – somebody who counsels people, presumably in Toronto, on how to go bankrupt? Perhaps the term is misleading? I think so. Real Bankruptcy Counselors, in Toronto or elsewhere, don’t counsel people to go bankrupt. In fact a Bankruptcy Counselor would probably spend more time trying to figure out how the person seeking advice could stay out of bankruptcy rather than go in it. The...

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Insolvency Solutions and Information on the Internet

Posted on May 2, 2016 in Bankruptcy, Consumer Proposals | 0 comments

You are probably reading this on our website. Everybody nowadays seems to use the internet to look things up and research matters of interest to them. Insolvency solutions (bankruptcies and consumer proposals) are not an exception. There are a thousand different things that could be said on a website or through social media about debt problems and the various solutions available to those in need of them. Information is information and the...

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How Does A Consumer Proposal in Toronto Work?

Posted on Apr 30, 2016 in Consumer Proposals | 0 comments

You hear a lot about consumer proposals in Toronto nowadays. Since, in my experience, practically nobody wants to do a bankruptcy it’s no wonder that consumer proposals have become the most talked about part of the personal insolvency business. In fact almost half the people who deal with a Licensed Insolvency Trustee like Richard Killen & Associates do a consumer proposal instead of a bankruptcy. But how do they work? A consumer...

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