WHAT IS DEBT RESTRUCTURING? Your credit-card debt has piled up, the cards are maxed out, perhaps you’ve borrowed money to pay off bills, maybe you’ve gone to the limit on a line of credit and your household debt is completely out of control. You’ve decided it’s time to stop the spiral of debt consuming most...Continue reading

4 Pillars Personal Debt Restructuring: A Bankruptcy Case Study  The Kendells were like many Victoria families.  Two young children, two cars, a hefty mortgage, and a penchant for living slightly beyond their means.  They both held down good jobs, had a bit of savings in the bank.  The grandparents had ensured college would be taken...Continue reading

4 Pillars Personal Debt Restructuring – Growing up in Debt  Cara got her first credit card when she was in University.  They were practically giving them away back then.  It was followed by a popular department store card and another credit card.  By the time she graduated, Cara was carrying a small credit card debt. ...Continue reading

The Costs of Doing Nothing Debt is the single biggest threat to our financial future, yet it is the most overlooked piece of every financial plan. Excessive debt is a problem that many Canadians have to handle. All too often though people put off dealing with it because they either don’t know where to turn...Continue reading

When Settling is NOT a bad thing. There comes a time in everyone’s life when you consider lowering your standards and settling for what’s in front you.  Though not recommended for dating, when it comes to your personal debt, sometimes SETTLING is the beginning to your ‘happily ever after’. Flirting with Disaster As your debt...Continue reading

Debt Help – It’s not a game of chance. Is that a winning lottery ticket burning a hole in your pocket?  No it’s not.  So another jackpot has come and gone, you’re still in debt and someone else is claiming your prize.  Maybe it’s time to change games.  Perhaps you should take a chance on...Continue reading

Debt Restructuring Myths vs Facts Recently I have met a number of people who have been hesitant to file a consumer proposal because they have done their own research and are scared of the process.  There is a plethora of information available on the internet however deciphering fact from fiction can be quite a significant...Continue reading

Must your credit rating be protected at ALL costs? We live in a society of credit. Don’t agree, try renting a car, checking into a hotel or making an on-line purchase without a credit card. Banks almost force us to use credit because they know a large percent of people will not pay the account in...Continue reading

Lottery odds – 7/7 numbers – 1 in 28,633,528 Feeling overwhelmed! DEBT can also have that same overwhelming feeling! Countless reasons why Canadians experience overwhelming debt: Divorce Illness Unemployment Economic downturn – Business failure It has been my experience that 1 in 5 is living the life of what I called uncontrolled debt. Every second week...Continue reading

How Working in the Best Interests of the Debtor Produced a Debt Consolidation for the Ages In January 2014 I met with a gentleman who I immediately realized was extremely cheerful by nature. I don’t want to use his real name, so let’s call him Jerry. It’s a good thing Jerry was naturally cheerful as...Continue reading