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How Long Will My Bankruptcy Last in Ontario?

Posted on Jul 29, 2017 in Bankruptcy, Debt Counseling, Finances |

In this video, Richard Killen, a Toronto-based Licensed Insolvency Trustee talks about, How long a Bankruptcy lasts. There tends to be some general misunderstanding about how long a bankruptcy lasts. People hear things about this 7 years business, not being able to obtain credit, and things like that. But, essentially a bankruptcy is a legal process, it has a beginning and it has an end. It begins when you file for bankruptcy. It ends when you...

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Is A Payday Loan A Good Idea?

Posted on Jun 26, 2017 in Consolidation Loans, Credit Rating, Debt Counseling, Financial Advice |

In this video, Richard Killen, a Scarborough-based Licensed Insolvency Trustee talks about whether a Payday loan is worth considering. I guess one can say that going into debt, any kind of debt, is hardly ever a good idea. Usually, the cost of the debt outweighs whatever benefits you may get from borrowing the money. However, sometimes debts make a good case for making some worthwhile. For instance, is a mortgage worthwhile? Because you borrow...

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Licensed Insolvency Trustee Advice: 4 Things for Debt Solutions

Posted on Apr 21, 2017 in Advice from Richard, Bankruptcy, Debt Counseling, Financial Advice |

In this video, Richard Killen, Licensed Insolvency Trustee based in Toronto, Scarborough, and 8 other debt relief locations in Ontario talks about 4 important things to keep in mind before deciding on a Licensed Insolvency Trustee. When people start looking for insolvency solutions, they are usually operating under a fair amount of stress for quite some time. Which is why you should always keep the following in mind before you go any further in...

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Personal Finance- New Years Resolutions

Posted on Mar 12, 2017 in Debt Counseling, Finances |

In this video, Richard Killen, Licensed Insolvency Trustee providing debt counseling in Toronto, Scarborough, Ontario talks about New Years Resolutions about personal finance. Though New Years’ Resolutions, by and large, tend to last no longer than it takes to make them, here’s what you never hear people talk about. You are far more likely to make a resolution work if you make it than if you don’t make it. So, make the...

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Debt Counselors Toronto and Consumer Credit

Posted on Oct 21, 2016 in Debt, Debt Counseling |

Many, many times in the years that I have been a Licensed Insolvency Trustee in Toronto I have met people who had very little understanding of how credit works, especially consumer credit. In fact, when I started my trustee business one of the first persons who came to work for me had almost zero knowledge of how credit worked. Having had years of experience in the consumer credit field, I found that interesting. But as I later discovered, this...

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A New Name – Licensed Insolvency Trustee

Posted on Feb 3, 2016 in Bankruptcy, Debt Counseling, Uncategorized |

The bankruptcy and proposal business is going to have a new player – at least it will appear that way. Since 1920 Trustees have had the title “Trustee in Bankruptcy”. Effective April 1st, 2016, Trustees are going to have a new name. We will be called “Licensed Insolvency Trustees”. Actually this change has been coming for some time. Over the past 25 years the insolvency business has changed considerably. Trustees, who used to primarily...

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