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If you owe monies to an unsecured consumer creditor and that creditor does not sue you before the expiry of the relevant limitation period on certain debt in your province then you will be in a position where you can choose not to pay a penny to that creditor.  It is important to remember that […]

If you are an unsecured creditor it can be difficult recovering monies from people that owe you money.  It is possible for your creditor to sue you, obtain a judgment against you, and then never collect a penny from you despite the fact that it has obtained a judgment against you. If you are experiencing […]

One of the key concepts in avoiding debt is maintaining positive cash flow.  Your household has a positive cash flow where in a given month its total revenues is greater than its total expenses.  Similarly, your household will be in a negative cash flow position where in a given month its total expenses are greater […]

There are two basic strategies for raising cash that can be used in connection with resolving your debt situation: Selling some of your assets Borrowing monies from family and friends Raising cash by selling some of your assets Some, but not all, Canadians facing significant debt problems are in a position to substantially improve their […]

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