The debt situation: A family contacted our 4 Pillars office in Barrie Ontario. They had $120,000K in unsecured debt. They were considering bankruptcy. Monthly payments: Their minimal debt payments had risen to a crippling $3,500 per month. Methods they had tried: The family accepted full responsibility for their debt. They had already looked at other debt solutions. One...Continue reading
One of the biggest obstacles for people to overcome in dealing with their debt is the fear that others may find out you have experienced a financial crisis. As in the article “I am embarrassed by my debt “ by Trevor Glasser overwhelming debt can be not only embarrassing but debilitating and destructive to your...Continue reading
Debt is a major contributor to stress. There is a direct correlation between the epic rise in anti-depressant prescriptions and the percentage of Canadians who find themselves overwhelmed with debt. How Bad is it? This percentage has grown at an alarming rate over the past three decades. It is now estimated that an astounding thirty-five...Continue reading
This is a common theme for people in debt. Unfortunately society seems to make an association between a person’s character and their net worth. Sadly, this is not a fair measure at all as other people don’t know how you got into the situation you are in. Having debt issues does not necessarily reflect on...Continue reading
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
If you are new here, the guides and articles below will help you quickly understand your options and give you a clear direction out of debt. Debt is hell. But it does get better. Right now, it looks bleak. You’re under terrible stress and everything you’ve worked hard for is being swallowed by debt. I’ve...Continue reading
If you take some time to browse www.4pillars.ca you will notice that we proudly claim to possess a 97% success rate with all our restructuring programs. This number isn’t an accident. It’s the result of a commitment and concerted effort to counter the average success rate within the debt restructuring industry which unfortunately rests at...Continue reading
The benefits of home ownership There is no better feeling in the world, as a homeowner to see the value of your property going up in value each year. Seeing neighbours sell their property at ever increasing prices creates a sense of empowerment. A desire to spend and spend big as the value of your...Continue reading
Most Canadians when faced with hard to manage debt issues will visit the internet seeking a solution to their problems. What they’ll find is a confusing array of messaging that all sounds similar – promising to reduce debt, start fresh, become free of debt sooner etc… What you need to know is the majority of...Continue reading
According to the most recent data from the Bank of Canada, the average debt held by Canadians, excluding mortgages, is $20,759. While that paints a broad picture of household debt in Canada, we analyzed data from the 3,000 Canadian households we helped this year. These families and individuals represent nationwide coverage from our 50+ debt...Continue reading
