Small business financial assessment Several months ago through my referral network, I was asked to contact a small business client in financial trouble who did not want to go bankrupt. After an initial phone call to assess their financial difficulties, they decided to come into my office and meet me for their free consultation. Upon … Continue reading Small Business Case Study, Kitchener ON
How does Canadian Insolvency Work The Bankruptcy Insolvency Act (BIA) provides two remedies to settling debt through either bankruptcy or consumer proposal and each has pros and cons. Regardless of which one a consumer (or business chooses) the unsecured debts are dealt with and within 24 hours there is a stay of proceedings where creditors … Continue reading Bankruptcy Versus Consumer Proposal – Kootenays, BC
It might sound crazy but dealing with insolvency can create a wealth opportunity. To understand what I am talking about let’s first consider what the different aspects of this concept are including the insolvency itself and wealth creation. What is insolvency? The basic definition of insolvency is when an individual can no longer meet the … Continue reading How Can Insolvency Create A Wealth Opportunity?
Naughty or Nice? No need to be Scrooge but have a Christmas Budget? 1. Determine how much money you can realistically spend (make a budget) 2. Make a Christmas present list and assign $ value…example: Children = $100, Friends = $20, Decorations = $100 Food = $200 3. DON’T SPEND MONEY YOU DON’T HAVE 4. … Continue reading How to Budget at Christmas like a Scrooge
“Nothing good had happened to me for months until the pair from 4 Pillars came into my life. One of the first things they said to me after reviewing my financials was that I should not go bankrupt and I wasn’t going to lose my condo.” The debt situation Ryan, age 50, (name changed for … Continue reading How 4 Pillars Saved a Local Business Owner from Bankruptcy and 200K in Debt
"The stress and worries are over. We are living again."
Actual client testimonial. Name removed to protect privacy.
