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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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What is the minimum debt required to Declare Bankruptcy in Scarborough Ontario?

Posted on Jun 27, 2018 in Advice from Richard, Bankruptcy, Debt, Videos |

In this video, Richard Killen, a Scarborough Ontario based Licensed Insolvency Trustee talks about the minimum requirements for personal bankruptcy in Ontario. I often am asked by people in Scarborough, what is the minimum debt before I can declare bankruptcy? Many people feel that if they do not owe that much, perhaps its too low to get a trustee involved. Legally, whether it is in Scarborough or anywhere else in Ontario, the minimum you must...

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Will I Lose My Home If I Go Bankrupt?

Posted on Jun 1, 2017 in Advice from Richard, Bankruptcy, Consumer Proposals, Debt, Videos |

In this video, Richard Killen, a Toronto Licensed Insolvency Trustee answers the question most homeowners ask, which is “Will I lose my home if I go bankrupt or do a consumer proposal?” Because you may have debt problems, you may be concerned with losing your home and most people figure that “if they go bankrupt they are never going to keep their house.”  And for most people, that is a very traumatic thought, however, it can be avoided. I...

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