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A Person in Toronto Asks -Should I Go Bankrupt?

Posted on Jul 6, 2018 in Advice from Richard, Bankruptcy, Consumer Proposals, Credit, Debt, Finances, Videos |

In this video, Richard Killen, a Licensed Insolvency Trustee with offices across Toronto answers the question. I don’t know how many times I have been asked by somebody during the course of the free consultation we provide to consumers at the beginning. What do you think, should I go bankrupt? My answer is always the same for people. Its not up to me to tell you to go bankrupt. Bankruptcy is a personal decision. What might work for one person,...

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What happens to my tax refund in a bankruptcy or consumer proposal in Brampton?

Posted on Jul 3, 2018 in Advice from Richard, Bankruptcy, Consumer Proposals, Credit, Debt, Finances, Videos |

In this video, Richard Killen, a Licensed Insolvency Trustee with offices in Durham region (Pickering & Oshawa) talks about whether a person’s income tax debt can be included in a personal bankruptcy in Ontario. Something that comes as a big surprise to a lot of people is when they find out an income tax debt, an ordinary income tax debt is something that is dischargeable in a bankruptcy or can be taken care of in a consumer proposal. The...

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Can I Include Income Tax Debt In My Bankruptcy in Durham, Ontario?

Posted on Jun 30, 2018 in Advice from Richard, Bankruptcy, Debt, Finances, Videos |

In this video, Richard Killen, a Licensed Insolvency Trustee with offices in Durham region (Pickering & Oshawa) talks about whether a person’s income tax debt can be included in a personal bankruptcy in Ontario. Something that comes as a big surprise to a lot of people is when they find out an income tax debt, an ordinary income tax debt is something that is dischargeable in a bankruptcy or can be taken care of in a consumer proposal. The...

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Can I Cancel My Personal Bankruptcy in Toronto, Ontario?

Posted on Jun 14, 2018 in Bankruptcy, Debt, Finances, Videos |

 Sometimes I get asked by people who have recently filed personal bankruptcy whether or not they can cancel their personal bankruptcy in Ontario. Perhaps they have changed their mind and are wondering if their bankruptcy can be canceled? The short answer is no, the bankruptcy cannot be canceled once it’s filed in the courts and the federal government has issued a number. It’s an official legal process and it’s not going to...

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How Long Will My Bankruptcy Last in Ontario?

Posted on Jul 29, 2017 in Bankruptcy, Debt Counseling, Finances |

In this video, Richard Killen, a Toronto-based Licensed Insolvency Trustee talks about, How long a Bankruptcy lasts. There tends to be some general misunderstanding about how long a bankruptcy lasts. People hear things about this 7 years business, not being able to obtain credit, and things like that. But, essentially a bankruptcy is a legal process, it has a beginning and it has an end. It begins when you file for bankruptcy. It ends when you...

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What Happens To My Job If I Go Bankrupt In Ontario

Posted on Jul 7, 2017 in Bankruptcy, Financial Advice |

In this video, Richard Killen, a Toronto-based Licensed Insolvency Trustee talks about if your job is affected by a bankruptcy. Generally speaking, a person’s employment is not affected by a bankruptcy and not affected negatively by a bankruptcy. In fact, in may be affected positively by a bankruptcy. This is because you might be able to focus a lot more on your job if you don’t have to worry about your debts. However, in terms of any legal...

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