Inheriting Debt
It’s unfortunate, but many people who pass away leave behind a mountain of debt. I know that this can be concerning to family members left behind as they aren’t sure if they will have to inherit the debt of their deceased family member. Typically when someone dies, their personal debt does not get passed on…
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Debt Settlement Companies Are Most Likely NOT the Answer
If you’ve been considering filing bankruptcy in Ontario, chances are you’ve exhausted many other options to try and dig yourself out of debt. One way to take care of debt that many people look into is working with a debt settlement company. The problem with many of these companies is that their services aren’t very…
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What Not To Do Before Bankruptcy
While most of our potential clients ask about what happens when they file bankruptcy, and what they need to do when they’re filing, many don’t ask what NOT to do. The things you shouldn’t do before filing are just as important as what comes afterwards. In fact, there are certain things you could do before bankruptcy…
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What is the best option for Your Ontario Business?
There are many important things to consider when filing bankruptcy, and whatever decision you make, you’ll have to live with both positive and negative consequences. How is Corporate Bankruptcy different than personal bankruptcy? If your business is incorporated, then legally the business is a separate entity and its assets are owned by the business. In…
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Are you still receiving statements from creditors after filing bankruptcy?
After filing bankruptcy, many people ask me why they still receive statements from creditors. Many times those people call me in panic mode as they thought the creditors would leave them alone once the bankruptcy process began. Let me assure you. There is no reason to panic. The reason statements are sent has to do with…
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How To Dig Yourself Out of Debt
Often times, it is very hard for Canadians to make ends meet, and therefore feel forced to use their credit cards. When you are strapped for cash, credit cards can actually be helpful, but more often than not, it starts the cycle of debt. Being aware of debt warning signs is important to know if…
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Student Loan Repayment Tips
Many post-secondary students are excited to be finishing their education and are looking forward to the beginning of their career. But, if you are graduating this spring, and you have student debt, you should have a repayment strategy in place. You don’t want to start your professional life drowning in debt and without a plan…
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Addressing Financial Issues
Financial problems can bring about a lot of anxiety in our lives. Constantly thinking about how you’re going to pay your bills not only makes you apprehensive, but also places stress on your relationships, family, and well-being. But, stressing over money isn’t going to fix your financial challenges. If you’ve found yourself in a position…
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Reasons for Bankruptcy
No one likes to contemplate bankruptcy, which is understandable since bankruptcy will have an effect on your financial situation for several years to come. This may be one of the reasons why a lot of people don’t seek financial guidance in times of need, because they are under the common misconception that bankruptcy is the…
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The Difference Between Good and Bad Debt
For the majority of Canadians, debt is a part of our everyday lives. Going to school, purchasing property or buying a vehicle are all very common reasons why someone would go into debt by getting a loan. It seems that everyone obtains a loan at one point or another, so what’s the problem? The problem…
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