As a debt restructuring specialist, I spend all my days working with and for Canadian consumer debtors facing insolvency. When you approach insolvency, you are basically seeking to negotiate with your creditors to relieve or eliminate your debt, and our job is to help our clients understand this process and make the best decisions possible … Continue reading Debtors versus creditors—a level playing field?
20-year financial veteran Paul Murphy breaks down a common question from our clients: should you use things like consumer proposals bankruptcy or debt consolidation or preserve your credit score? I recently sat down with David Moffatt from 4 Pillars’ Halifax office and Ryan Brown from 4 Pillars’ Muskoka & Parry Sound offices on our 4 Pillars’ podcast Beating the Debt Game. … Continue reading Should I use a consumer proposal or preserve my credit rating?
20-year financial veteran Paul Murphy breaks down how the major credit bureaus work, showing how your credit score is calculated in Canada. Five major factors go into how your credit score is calculated in Canada. 1. Your payment history 2 . Amount of utilization 3. Length of time of credit history 4. New credit 5. Maturity … Continue reading 🇨🇦 How is your credit score calculated in Canada?
“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
4 Pillars urges House of Commons Finance Committee to review Canada’s insolvency legislation: Be more debtor-centered. Reg Rocha December 4, 2020 I have written on many occasions about the rising levels of household debt in Canada. As a nation, we hold one of the highest consumer debt levels in the G20. Just prior to the … Continue reading 4 Pillars urges House of Commons Finance Committee
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Actual client testimonial. Name removed to protect privacy.
