Blog

What Is a Consumer Proposal?

A consumer proposal is like a consolidation loan, in that your payments are reduced to one monthly payment.  You make the payments to a trustee, who accumulates them and every six months pays the money out to your creditors. The thing about a proposal is that it doesn’t ...

Stop Harassment by Creditors

Stop Harassment by Creditors

Debt collectors can be, uh, zealous in their pursuit of money owed. Stories of daily phone calls, threats, bothering friends and relatives, and late-night contacts abound. In some cases debt collectors have aggressively pursued ridiculously small amounts of money, and even ...

Five Myths About Bankruptcy

Five Myths About Bankruptcy

When facing financial desolation, it’s hard to think straight, you are so gripped by worry. Bankruptcy plays into many people’s doomsday scenarios, imagining that it will be the end of them financially and personally, as family relationships are ripped apart under the ...

Canadians Groan Under Unprecedented Debt Burden

Canadians Groan Under Unprecedented Debt Burden

“I owe, I owe, it’s off to work I go” is what Canadian are apparently singing to themselves these days. A new survey conducted by credit rating agency Equifax Canada reveals that Canadians are groaning under record levels of debt: $1.422 trillion in the fourth ...

Five Ways to Rebuild Your Credit

Five Ways to Rebuild Your Credit

You’ve gone through a bankruptcy and you want to get your life back to normal as fast as possible. While it won’t happen automatically and you will have to be proactive about it, you can actually take steps to start repairing your credit rating right away – as soon ...

Sorry, Dear, I’m Bankrupt

Sorry, Dear, I’m Bankrupt

Nothing can make for a frostier breakfast conversation than revealing your financial woes have led to bankruptcy. Fuelling the tension of guilt and anger is the fear one spouse filing for bankruptcy is going to drag down the other. But if you do file for bankruptcy does ...

Will I Lose My Home in a Bankruptcy?

Will I Lose My Home in a Bankruptcy?

The fear of losing your home is a powerful one. When their finances go south, many imagine that bankruptcy will leave them homeless. Is this fear justified? Not really, or not in the normal course of a bankruptcy. Yes, when you go bankrupt, you give control of your assets ...

Highway No Longer Takes Toll on Bankruptcy

Highway No Longer Takes Toll on Bankruptcy

The operators of Ontario’s Highway 407 Express Toll Route (ETR) can  no longer arrange for vehicle permits to be withheld from bankrupt drivers, according to a recent Ontario’s Court of Appeal ruling. A January 2nd Toronto Star article states, “A recent series of ...

Consumer Proposal or Bankruptcy?

Consumer Proposal or Bankruptcy?

If you are coping with severe debt problems, you have five choices to deal with the crisis: Get a consolidation loan, try to negotiate with your creditors, run away, do a consumer proposal, or go bankrupt. The first three options you can handle yourself (we don’t ...

Cure Your Holiday Hangover with Credit Free Fridays

Cure Your Holiday Hangover with Credit Free Fridays

During the holiday season, the joy many of us feel is tempered by our dread at opening credit card invoices in January. Apparently we pay for our pleasures. We will make New Year’s resolutions and vow to shed weight at the gym and through dieting. Why not put your budget ...








Contact Richard Killen
FREE Non-Commitment Consultation

Contact us now for a fresh start!

“Serving Toronto & the GTA for over 22 years.”


[recaptcha size:compact]


Recent Blog Posts

About Richard Killen & Associates


Since 1992, Richard Killen & Associates, a Licensed Insolvency Trustee, have helped thousands of people resolve their financial problems. With 25 years experience in this industry, our president, Richard Killen, and the rest of our team understand the difficulties that honest people can sometimes find themselves in. This expertise makes it possible to provide you with a service that effectively deals with the issues.


Contact us now for a fresh start!
1-888-545-5365


"Serving the GTA for 25 years."

Office Locations


"The Most Stress Relieving Call You’ll Ever Make!"