Blog
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...
Bankruptcy Assistance Program For Low Income Bankruptcy Help
The OSB's Bankruptcy Assistance Program is a special program created by the Office of the Superintendent of Bankruptcy (OSB) for low-income bankruptcy help in Ontario for people who are unable to afford the normal costs of filing a bankruptcy. Greater Toronto is an expensive...
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
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?
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
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?
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?
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...
Gambling with Bankruptcy
Gambling can be a serious and addictive behaviour that plays havoc with people's finances as they chase their losses. More importantly, it can have a really devastating effect on peoples' lives. According to government stats, there are a couple of hundred thousand problem...
What Happens If You Default On A Consumer Proposal?
Do you have a consumer proposal that you are struggling to pay and you are wondering "What happens if you default on a consumer proposal"? As a rule, it's not good to default on any kind of debt. A proposal for an individual – most commonly called a "consumer proposal" – is...
Contact Richard Killen
FREE No Commitment Consultation
Contact us now for a fresh start!
“Serving Toronto & the GTA for over 25 years.”
Recent Blog Posts
- Ask the Trustee: If I file for bankruptcy or consumer proposal, will I lose my house?
- Can I Keep My House If I Make a Consumer Proposal?
- What Services Can a Licensed Insolvency Trustee Provide?
- How to Get Out of a Car Loan in Canada When You’re Struggling
- Can I Keep My House If I Make a Consumer Proposal?