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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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Is your credit rating affected?

Posted on Jun 9, 2017 in Credit Rating, Uncategorized | 0 comments

In this video, Licensed Insolvency Trustee in the GTA area, Richard Killen, talks about the how your credit rating will be impacted by your current financial situation and is not directly due to the fact that you are undergoing bankruptcy or a consumer proposal. As a matter of fact, it is the solution you need to get out of your financial troubles and start improving your credit rating. Here are a few key takeaways from Richard’s informative...

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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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What Happens If My Employer Declares Bankruptcy?

Posted on Mar 13, 2017 in Uncategorized | 0 comments

In this video, Richard Killen, Licensed Insolvency Trustee based in Toronto, Scarborough, and 8 other debt relief locations in Ontario talks about what happens if your employer declares bankruptcy. If you find yourself out of work because your employer has gone bankrupt the first thing you need to do is contact the Licensed Insolvency Trustee handling the bankruptcy. Among other things you can file a claim with the trustee to ensure that you...

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Personal Finance- New Years Resolutions

Posted on Mar 12, 2017 in Uncategorized | 0 comments

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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A New Name – Licensed Insolvency Trustee

Posted on Feb 3, 2016 in Bankruptcy, Debt Counseling, Uncategorized | 0 comments

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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