“Well, I got a job and tried to put my money away. But I got debts that no honest man can pay.” — Bruce Springsteen It was June. I was attending a wedding of a friend and I met a man in his late 20’s, who had recently fallen into debt. It began with a … Continue reading Alternatives to bankruptcy: a guide to help Canadians overwhelmed by debt
Debt Denial: It’s Not Just a River in Egypt There’s an old joke about denial; it’s not just a river in Egypt. When you’re living in a world of debt, denial is an ocean in your back yard. Nope! Not Happening! Not Me! Most people live in denial. It helps us avoid the unpleasant … Continue reading Debt Denial: It’s Not Just a River in Egypt
Consumer Proposal or Bankruptcy? Which is Right for Me? When a person has come to the point in their finances where they are severely struggling and can no longer make their payments, it is time to make a tough decision about what needs to be done. Whether a person chooses to claim bankruptcy or file … Continue reading Consumer Proposal or Bankruptcy? Which is Right for Me?
Struggling with debt and live in the London Region? Knowing your options is your first step to becoming debt free We know struggling with debt is difficult, but you do not have to handle it alone. We believe it’s essential to have an advocate look out for your interests—not those of your creditors—in order to … Continue reading Struggling with debt and live in the London Region?
When Should Someone Declare Bankruptcy? I am going to begin this by simply answering the question above and then explain the reasoning behind the answer: In my opinion someone should declare bankruptcy when they have a huge amount of debt $250,000+, low income and no assets of any significant value. This would be pretty much … Continue reading When Should Someone Declare Bankruptcy?