Blog
What Happens If My Employer Declares Bankruptcy?
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...
Personal Finance- New Years Resolutions
In this video, Richard Killen, Licensed Insolvency Trustee providing debt counselling 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...
Christmas Credit Hangover
In this video, Richard Killen, Licensed Insolvency Trustee in bankruptcy 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...
Consumer Proposals in Toronto
In November 1992 the Bankruptcy Act received a broad overhaul for the first time since 1966. If you can imagine the changes that had taken place in Canadian society between those years you can understand that this was due; probably overdue. One of the main changes to the...
Debt Counselors Toronto and Consumer Credit
Many, many times in the years that I have been a Licensed Insolvency Trustee in Toronto I have met people who had very little understanding of how credit works, especially consumer credit. In fact, when I started my trustee business one of the first persons who came to work...
Bankruptcy Counselors Toronto vs Licensed Insolvency Trustee
It almost sounds funny, doesn’t it? Bankruptcy Counselors Toronto – somebody who counsels people, presumably in Toronto, on how to go bankrupt? Perhaps the term is misleading? I think so. Real Bankruptcy Counselors, in Toronto or elsewhere, don’t counsel people to go...
Insolvency Solutions and Information on the Internet
You are probably reading this on our website. Everybody nowadays seems to use the internet to look things up and research matters of interest to them. Insolvency solutions (bankruptcies and consumer proposals) are not an exception. There are a thousand different things that...
How Does A Consumer Proposal in Toronto Work?
You hear a lot about consumer proposals in Toronto nowadays. Since, in my experience, practically nobody wants to do a bankruptcy it's no wonder that consumer proposals have become the most talked about part of the personal insolvency business. In fact almost half the people...
Consumer Proposal Vs Bankruptcy – What Is the Difference?
What is the difference between Bankruptcy and Consumer Proposal is a common question we hear all the time so today let’s do a comparison of consumer proposal vs bankruptcy. I've been in the insolvency business discussing bankruptcy in Toronto for over 30 years and in all...
A New Name – Licensed Insolvency Trustee
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...
