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?
Licensed Insolvency Trustee (LIT) or Debt Relief Specialist? Know Your Options Struggling with debt is stressful, but you don’t have to handle it alone. Understanding the options available to you when you decide to resolve your debt and get your finances back on track is the first step. It’s essential to have an advocate look … Continue reading Licensed Insolvency Trustee (LIT) or Debt Relief Specialist? Know Your Options
It’s easy to ignore taxes until a couple of weeks before the filing deadline. For individuals, the deadline is 30 April – but there are separate deadlines for corporations, and for those who are self-employed, non-resident, and even those who are deceased. We think the best approach to tax (like all financial matters) is … Continue reading 8 Insider Tips to deal with CRA tax debt?
Think Bankruptcy is Free? Think Again! Bankruptcy! Yeah, I know what that is…you get rid of all your debts, you walk away, your creditors get zilch, and you’ll never get a credit card again as long as you live! Your brother in law has spoken! Case closed. Well, that is unless you’d actually like to … Continue reading Think Bankruptcy is Free? Think Again!
Are You the Chicago Cubs? A Consumer Proposal Can Prevent You From Having to Wait a Century to Pay off Your Debt 108 years! That’s how many years passed between World Series victories for the Chicago Cubs. It’s an astonishing number when you consider that someone born in 1916 will have lived 100 years and … Continue reading A Consumer Proposal Can Prevent You From Having to Wait a Century to Pay off Your Debt
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