Are you in debt trouble? Recognize the danger signs!
It’s hard for some people to come to the realization that they need financial help. Many people who are struggling financially think they can dig themselves out of debt. Others know that they have debt, but their debt problem isn’t as bad as “so-and so’s” so they think they are fine. For both of those…
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Are you insolvent?
Debt is one thing that all people I meet with have in common. Obviously. The extent of that debt may be more than it is for others. Some people may feel like they are drowning in debt, but are actually not insolvent. They have the means to dig themselves out of debt on their own…
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Government Debt and Your Company
Filing for bankruptcy is never an easy option for business owners. The decision can feel like a personal failure and may leave one unsure about the future. Bankruptcy can certainly be difficult, it can also provide relief for those struggling to keep up with debts. At Welker & Associates we help owners of incorporated companies…
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Paying Off Holiday Debt
Once the new year arrived, most people put their new years resolution into affect and never looked back. After all, Christmas was over. The new year had been rung in. It was time to go back to work and start plugging away at life. There was no looking back. But to the millions of people…
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Saving Money On Valentine’s Day
No one wants to be frugal on Valentine’s Day as it may give the wrong impression to your significant other. I definitely understand the pressure to spend money on Valentine’s Day. Everywhere you turn you see chocolate, jewelry and greeting card advertisements. Our culture has engrained the idea of spending money into our heads. With…
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Common Credit Score Myths
Credit scores are an area of personal finance that seem a lot more mysterious than they actually are. Many people believe that improving them is a matter of trial and error, and as a result there’s a lot of “credit score advice” floating around that can end up doing more harm than good. Here are…
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Is a Consumer Proposal the right decision for you?
Many people come to our offices and think that bankruptcy is their only option. Depending on your situation, you may be surprised that you have several options to choose form. One of those options is a consumer proposal. Consumer proposals have many of the same benefits as bankruptcy, but with less of the downfalls. Some…
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Stop Collection Calls
Do you get a sense of dread whenever your phone rings because it is just as likely to be an aggressive collection agent as it is to be your loved one or friend? If so, it’s time to start looking for a solution to the problem. Hiding from it can only last for so long….
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Consumer Proposals and Student Loans
If your student loan is causing you financial hardship, it is a good idea to have an in-depth discussion with a bankruptcy trustee. Student loans through the Canada Student Loans Program can be included in a bankruptcy if they are more than seven years old. That is – if your end-of-study date is more than…
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Borrowing to Make RRSP Contributions
With the RRSP contribution deadline just around the corner (March 1), many people have either already made their contributions or they are procrastinating and waiting until the last minute to make their contribution. But there are also a number of other people who struggle this time of year as they are unsure if they should…
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