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Consumer Proposal or Bankruptcy?
If you are coping with severe debt problems, you have five choices to deal with the crisis: Get a consolidation loan, try to negotiate with your creditors, run away, do a consumer proposal, or go bankrupt. The first three options you can handle yourself (we don’t recommend...
Cure Your Holiday Hangover with Credit Free Fridays
During the holiday season, the joy many of us feel is tempered by our dread at opening credit card invoices in January. Apparently we pay for our pleasures. We will make New Year’s resolutions and vow to shed weight at the gym and through dieting. Why not put your budget on...
A New Problem for the Old
While aging baby boomers aspire to a placid retirement, this dream is being threatened by a growing problem: senior debt. An August 2013 article in Financial Post says, for example, “A report provided ratings agency Equifax Canada shows average debt for consumers aged 65...
Five Things You Should Know About Credit Cards
Too often credit cards seem like easy money. Just hand it over to the clerk or type in the card number for your online purchase and, presto!, you have stuff. But you may pay to play. If you don’t take care of your credit card balance on time, you can get penalized with late...
Will Bankruptcy Affect My Income?
Some people assume that if they file for bankruptcy they will have to turn over all their income to the trustee. Not true. But there are other concerns people have over their income. A question we are often asked is: Will bankruptcy affect my income? Will I lose any of it to...
Surviving the End of the World
The fear is eating away your stomach lining. You can’t sleep. You can’t concentrate. You feel like a failure in the eyes of the world. The envelopes of the unopened bills have changed to new ominous colours. The days you could juggle minimum payments between credit cards is...
The Road to Recovery
It was a perfect storm of personal and professional misfortunes. Bryan was a successful independent marketing communications consultant, well respected in the business with a good network of friends. But in his late 50s he discovered that he had adult attention deficit...
Why Choose Richard Killen & Associates
Richard Killen explains why you should contact Richard Killen and Associates Ltd if you are having financial difficulties...
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Recent Blog Posts
- 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?
- Can a Licensed Insolvency Trustee Advice on Budgeting Tips?
- What is the Role of a Licensed Insolvency Trustee in Managing CRA Tax Debts?