Studying in Canada is a dream for many international students. However, along with the excitement comes the challenge of managing finances in a new country. Some students find themselves in debt that feels unmanageable, especially since they don’t qualify for traditional post-secondary funding options.  Bankruptcy is probably the most well-known form of debt relief in...Continue reading

Filing for bankruptcy is a difficult decision, but the decision is made even harder when you’re a renter. The ability to rent a place to live is very dependent on an individual’s credit history, with bankruptcy taking a major toll on one’s credit. As the cost of living has increased tremendously, more people in Canada...Continue reading

“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

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

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

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

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

  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

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

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