by Owen | Apr 17, 2023 | Consumer Proposals, Credit Rating
Filing for a consumer proposal is an effective way for many Canadians to get out of debt but it can affect your credit score. Your credit rating will be negatively impacted or bruised by filing of the consumer proposal but just like a real bruise, it can heal with the...
by Owen | Dec 22, 2022 | Bankruptcy, Consumer Proposals, Debt Management, How to Get Out of Debt
One of the last options creditors will employ to recovery unpaid unsecured debts is a writ of enforcement which can put the equity in your assets in jeopardy. In this blog we explore writs and how they work, how they work in a bankruptcy and proposal, and the...
by Owen | Dec 12, 2022 | Consumer Proposals
If you have been doing research on consumer proposals, you’ll likely have encountered “consumer proposal calculators” that appear to have the ability to provide an estimate of the monthly cost of a consumer proposal payment. You’ll likely be asked to enter your total...
by Owen | Nov 9, 2022 | Consumer Proposals, Debt Management, How to Get Out of Debt
When you are facing financial hardship, there are options to help you tackle your debt and work toward financial freedom. A Licensed Insolvency Trustee (LIT) can offer various solutions, including division I and division II Proposals. A consumer proposal and a...
by Owen | Nov 2, 2022 | Avoid Bankruptcy, Consumer Proposals, Credit Rating
It’s normal to have some debt, whether it’s a mortgage or a car payment, but if you’re waist-deep in credit card and finance company loans and are seeing the debts being carried over month to month without going down, this is understandably frustrating and stressful. ...
by Rebecca Frederick | Jul 22, 2022 | Consumer Proposals, Debt Management, How to Get Out of Debt
Falling behind with Canada Revenue Agency (“CRA”) can be daunting. If you have become used to living off your gross – pre-tax – income it can be a major adjust to reduce your take-home income and start accounting for the income taxes you should...
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