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How Long Will My Bankruptcy Last in Ontario?

Posted on Jul 29, 2017 in Bankruptcy, Debt Counseling, Finances | 0 comments

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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What Happens To My Job If I Go Bankrupt In Ontario

Posted on Jul 7, 2017 in Bankruptcy, Financial Advice | 0 comments

In this video, Richard Killen, a Toronto-based Licensed Insolvency Trustee talks about if your job is affected by a bankruptcy. Generally speaking, a person’s employment is not affected by a bankruptcy and not affected negatively by a bankruptcy. In fact, in may be affected positively by a bankruptcy. This is because you might be able to focus a lot more on your job if you don’t have to worry about your debts. However, in terms of any legal...

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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, Uncategorized | 0 comments

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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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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Christmas Credit Hangover

Posted on Feb 13, 2017 in Advice from Richard, Financial Advice | 0 comments

In this video, Richard Killen, Licensed Insolvency Trustee based in Toronto talks about buying Christmas gifts on credit cards. It is important to remember that credit card bills don’t take a Christmas holiday. Christmas brings out the “giving” in us, especially when we have children or grandchildren. There is nothing wrong with giving, but remember, the piper will always have to be paid. Licensed Insolvency Trustees tend to...

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5 Keys to Securing your Financial Freedom

Posted on Nov 13, 2015 in Finances, Financial Advice | 0 comments

Financial freedom – that’s what everyone aims to attain at some point in life. We all dream of “getting there” financially, to live the rest of our life without financial fear or worry, a life where we don’t merely work to pay the bills and not have enough left over, but actually want our hard work to pay off in the sense that we can meet all our debts, have enough in savings or investments to secure us during our golden years and then still...

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