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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 assets are you allowed to keep after you go bankrupt?

Posted on Apr 28, 2017 in Advice from Richard, Bankruptcy, Videos | 0 comments

In this video, Licensed Insolvency Trustee in the GTA area, Richard Killen, talks about the facts and misconceptions when it comes to losing assets in a bankruptcy procedure. Typically, people are scared to lose their important belongings should they undergo bankruptcy. In this video, Richard goes on to clarify that in the most common cases, this is simply not the case. Here are a few key takeaways from Richard’s informative clip: There...

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Letter from Creditors after Bankruptcy? Call a Licensed Insolvency Trustee

Posted on Apr 21, 2017 in Advice from Richard, Bankruptcy, Videos | 0 comments

In this video, Licensed Insolvency Trustee in the GTA area, Richard Killen, talks about what you can and should do when you receive a letter from creditors after bankruptcy. Here’s a few things to keep in mind should this happen to you:  It sometimes happens that after a bankruptcy is finished and you have been discharged you receive a collection letter from one of the creditors. It usually means their computer hasn’t been...

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It’s that time again: Tips to help make tax time easier

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

Filing taxes is a chore that few people enjoy. It can be complicated and difficult at the best of times. Here are some points and suggestions that may ease your pain a bit. If you have filed a bankruptcy then your trustee will be responsible for filing your taxes. Your job is to deliver your T-4s and any other applicable slips and information to the trustee so they can do your returns correctly. We supply you with a special 1-page form to fill...

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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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