Things You Probably Don’t Know about Bankruptcy in B.C. Part 1 Laws and procedures revolving around bankruptcy are generally the same everywhere in Canada, but some details change depending on where you live and your individual circumstances. This is why everyone considering bankruptcy always must consult a professional financial advisor before proceeding. Some details about...Continue reading
Top 6 Phrases I Learned During My Consumer Proposal (written by a 4 Pillars client) When I first started looking for financial advice, I didn’t expect to learn another language. The vocabulary of financial and legal proceedings is thick with jargon, technical terms, complex legalese, and self-reflection. Here are a few key phrases that I...Continue reading
Another Kamloops Debt Story—March 2016 Diane was at her wits’ end. She and her teenage daughter had been managing on her very limited income, but it was getting tougher and tougher. She was quite frugal, but had relied on a couple of credit cards to keep the two of them going when her ex-husband fell...Continue reading
Debt Refreshments: Don’t Drink the Kool-Aid Everybody has a spin, and angle, an agenda they want you to fill. Corporations draw their employees in with team building exercises and big Rah Rah moments. Sure this is great for moral, temporarily. But if the cause of your company’s dysfunction goes deeper than that, sugar coating...Continue reading
What happens when a person files for Bankruptcy? If you have a large amount of debt that is too much to bear, you may be considering filing for bankruptcy. Many people do not understand what is all involved in a bankruptcy so I wanted to take a few minutes today to give you a brief...Continue reading
Consumer Proposals and Bankruptcy Deciphered; The Top 6 Phrases You Should Understand Words like “bankruptcy” and “creditor” have made their way into our daily speech, but we still tend to misuse them. Even if you’ve never sought professional advice to deal with your financial troubles, you should know exactly what these phrases mean. The following...Continue reading
What Do You Mean By Debt Consolidation? About once a week I’ll answer my phone and hear the following… “Hi, yes, I’d like to chat with you about consolidating my debts…do you do that?” At this point I know I’m going to have to provide some clarity. I usually suspect the person I’m speaking with...Continue reading
Mirror Mirror on the Wall: Who has the Scariest Debt of All? In all of the fairy tales we read as children there was always a hero and a villain. A wicked witch, an evil step mother, an ogre, a troll, or a cruel king, good versus evil. These were classic tales for the ages,...Continue reading
Is Bankruptcy the Only Option? In recent months and years our Canadian economy has taken a downward spiral. Just a few years ago it seemed that we had it made. There were more jobs than workers and the money was flowing in. It was easy to qualify to buy houses, trucks and toys and so...Continue reading
Financially Fit For Life: Shedding Debt Once and For All If your New Year’s Resolution was to shed some extra weight, don’t lace up your sneakers or commit to that gym membership just yet. Before you cut out soda and carbs, take a step back and see how much your debt is costing you, your...Continue reading
