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What is the monthly fee for declaring bankruptcy, as well as the overall cost for a 9 month period? Does 200 dollars per month include court hearing and everything else that is necessary. What would be approximate cost for someone that has no or minimum income. Is it possible to pay 1,800 in full and […]
I filed for bankruptcy in Jan 2014. I was told that due to my income my payments would be $550.00 a month. I was living in northern Canada at the time and my cost of living was low. Shortly after, I had to move down to the coast for my job and my cost of […]
Ontario Government Releases a New Debt Settlement Law for 2015 “The Ontario Government has given life to a new creature, a hybrid category of debt settlement provider—one legally entitled to offer debt settlement services and to provide third party collection services. This creation, which will in the same breath act in the best interests […]
This article covers several strategies for dealing with overwhelming consumer debt. How common is this problem? In 2018 alone, over 125,000 Canadian consumers filed for either bankruptcy or consumer proposal. That’s enough people to fill a small city! Rest assured that, like you, these were honest people who found the payments on their credit accounts […]
You are having problems paying your bills, and you’re interested in eliminating your debt without resorting to personal bankruptcy. You are worried, because you can no longer deal with your debt situation by borrowing additional monies. If you find yourself in this position, there are three initial options to consider: credit counselling, settling your debt […]
You might find yourself in a position where you are facing serious financial challenges. You might be unable to make your mortgage payments or you are not able to keep up with your payments on your credit cards, line of credit or student loans. Consumers have nine debt relief options for eliminating their debt, although […]
Filing for bankruptcy is a serious financial decision to make. It is important that those considering filing are sure that bankruptcy is the best option available. Your very first step should be to find a Licensed Insolvency Trustee to help evaluate your current situation and discuss all possible options. Below are a few big reasons […]
Hello, Wondering when you file bankruptcy do you report your income for the month you filed if its already mid month. Reason I ask is because before we filed we had two paychecks out of 3 for the month of January and now upon getting our surplus income calculation sheet we noticed they included the […]
Secured and unsecured debts are treated differently by banks, debt advisors and Licensed Insolvency Trustees. Whether you are struggling to keep up with your bills or considering personal bankruptcy or consumer proposal, the distinction between secured debt and unsecured debt can be critical. This article will give you a basic understanding of the differences between secured […]
On August 26, 2014, Yahoo Canada! posted a Money Minute video titled “The secret to getting debt collectors off your back” in which Mark Silverthorn, lawyer, and author of The Wolf At The Door: What To Do When Collection Agencies Come Calling, was interviewed by Ashleigh Patterson, Senior Finance Editor. Under what circumstances can collection […]
