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In Toronto Are My Spouse’s Assets Affected By My Bankruptcy?
In this video, Richard Killen, a Bankruptcy Trustee in Toronto talks about, the effect of your bankruptcy or your wife or husband’s assets. I am often asked is “Are my wife’s or husband’s assets be affected in any way?” Generally speaking, the way bankruptcy works, the...
Verifying statement of affairs
https://www.youtube.com/watch?v=WzjjkTwE6kY I mean basically, think of it this way, if you come in to see me, and you are having trouble paying your bills and all that, and it’s been a very rough two years for you and so on, so you come in, and now do I not believe you when...
Licensed Insolvency Trustee Explains Consumer Proposals
In this video, Richard explains in simple language how consumer proposals in Toronto work as many people are not terribly familiar with them. First of all, a proposal is a proposal. There are two types, consumer proposals and regular proposals. The regular one has been...
Why a bankruptcy trustee is like a bus driver
https://www.youtube.com/watch?v=AH6bS1wWgYs Now it is not really an exercise to be all things to all people, or anything like that, it’s not the way the law works, but it is there essentially to protect the rights of people. And when those rights come into conflict, then the...
Trustees Report
And most often, one of the reasons why I was a little late today, I had to go to my Mississauga office to meet with a person doing a proposal, consumer proposal, and I signed the report before I left, and the main argument is quite simple, the proposal is offering a net...
Richard Killen on Tunedin with Lucy Zilio
In this video, Lucy Zilio talks with Richard Killen on Richard Killen & Associated 25th Anniversary. Richard, a Licensed Insolvency Trustee (LIT) talks about more and more people with debt challenges choose a consumer proposal over bankruptcy in Toronto. Watch the video...
What Happens To My Debts If I Go Bankrupt
In this video, Richard Killen, a Licensed Insolvency Trustee in Bankruptcy in Toronto talks about, What Happens To My Debts If I Go Bankrupt. People sometimes ask me what is really happening with regards to my debts if I go bankrupt or if I do a consumer proposal? The...
What Are The Different Types Of Creditors
In this video, Richard Killen, a Licensed Insolvency Trustee in Bankruptcy Toronto talks about, What Are The Different Types Of Creditors. In a Trustees world, there are three types of creditors, there are secured creditors, unsecured creditors, and contingent...
Will I Lose My Personal Possessions If I Go Bankrupt
In this video, Richard Killen, a Licensed Insolvency Trustee in bankruptcy in Toronto talks about, Will I Lose My Personal Possessions If I Go Bankrupt. There is a Provincial law that regulates what a person might lose, or can lose, actually let me turn it around...
What Happens To My Co-signor?
In this video, Richard Killen, a Licensed Insolvency Trustee in bankruptcy in Toronto talks about, What Happens To My Co-signor?. When people do a bankruptcy or even a consumer proposal, if they have a co-signor on one of their debts, they are going to...
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Recent Blog Posts
- Why More Canadians Are Choosing Consumer Proposals for Debt Relief and Financial Recovery
- Consumer Proposal vs. Bankruptcy in Ontario: How Income and Assets Decide Your Best Route
- Are You Managing Debt or Just Surviving It? 10 Warning Signs It’s Time to Seek Debt Relief Solutions in the GTA
- Borrowing for Home Renovations in the GTA: Questions to Ask Before Taking on More Debt and How an LIT Can Help
- Back-to-School Expenses Are Adding Up: How to Prepare Without Going Into Debt Help Ontario