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Divorce and Bankruptcy

Divorce in Canada can be complicated when it comes to debt. Divorce can cause bankruptcy and bankruptcy can cause divorce. Study after study show that financial problems can lead to marital breakdown. Filing for bankruptcy as you go through a divorce, or after, can make both...
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Gas Goes Down, Debt Goes Up

Apparently you can't win. Gas prices go down, saving consumers money, but then the commodity-based Canadian economy is hurt by the shortfall in oil revenues, shown in the dropping loonie. You'll have more money to spend on you next trip to Buffalo but it won't go as far as...
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Financial Resolutions for the New Year

The new year is a time of new beginnings. Many of us make resolutions to live more healthily, fix up our relationships and get our finances in order. While we can't help you lose weight or improve your love life, we'd be happy to offer you eight suggestions so that you can...
Help With the Bankruptcy Assistance Program

Bankruptcy Assistance Program For Low Income Bankruptcy Help

The Bankruptcy Assistance Program OSB is a special program created by the Office of the Superintendent of Bankruptcy (OSB) for low-income bankruptcy help for people who are unable to afford the normal costs of filing a bankruptcy. Greater Toronto is an expensive place to...
Will Bankruptcies Increase as Economy Improves

Will Bankruptcies Increase as Economy Improves?

As the outlook gets rosier for the Canadian economy, those in deep dept may pay the price with bankruptcy. With the U.S. economy expected to undergo a widespread recovery next year, Canada will likely fall suit, with rising interest rates as well. Normally this would be good...
How to Lower Your Heating Costs

How to Lower Your Heating Costs

As the cold weather descends, Canadians are faced with their annual challenge of how to stay warm without breaking the bank – especially as the cost to heat homes rises. To lessen the damage to household budgets caused by high fuel costs, here are five common-sense steps you...
Consumer Proposal Rejection

Consumer Proposal Rejection?

So the consumer proposal that you've filed in Ontario will soon be presented to your creditors. You've worked with a Licensed Insolvency Trustee, such as Richard Killen & Associates, to come up with a reasonable payment plan for your debts They helped you fill out the...
How To Rebuild Your Credit Rating

How To Rebuild Your Credit Rating

Your credit rating has taken a beating. You regularly pay bills late. Sometimes you can't make even minimum payments. Perhaps you've gone through a bankruptcy or the consumer proposal process. But what now? How do you rebuild your credit rating? Find Out Where You Stand...
Who Does a Bankruptcy Trustee Work For

Who Does a Bankruptcy Trustee Work For?

We're often asked by people who consult us: "Whom do you work for, the creditors or me?" The answer is: neither and both. To do our job properly, we need to work with both parties. To be clear, a bankruptcy trustee is an officer of the court. We are licensed by the the...
How Much Debt is too Much Debt

How Much Debt is too Much Debt?

Canadians like their stuff. They're not afraid to go into debt for their new cars, homes, large-screen TVs, and other items, big-ticket and small.  As a result, many of us often ask the question, "Am I in too much debt?" Moody's, one of the world's leading credit agencies...



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    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.


    Serving the GTA for 25 years