Blog
Bankruptcy Explained
Richard Killen Licensed Insolvency Trustee and licensed consumer proposal administrator, talks about the fourth and final option available to you, declaring bankruptcy for resolving your financial troubles...
Do I Need to Meet My Creditors?
The last people you want to meet when going through a bankruptcy in Ontario is your creditors, right? You know, the people who have been sending you notices, phoning you non-stop, garnisheeing your wages and generally making your life difficult. What are the chances you will...
What Happens to Your Assets During a Bankruptcy
Richard Killen explains that you may still be able to keep your house and car during a bankruptcy...
10 Debt Danger Signals
After the expense of the holidays, many of us wonder how much debt is too much. Yes, Canadians are used to carrying record debt loads, but there comes a point where the burden may become too heavy. Here are 10 danger signs that could reveal your spending is out of control:...
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...
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...
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...
