by Stanley Chen | Dec 19, 2022 | Debt Consolidation Canada
Owing taxes to the Canada Revenue Agency can be a stressful situation. Unlike regular creditors, the CRA has powerful tools they can use to ensure that your tax debt is paid. By understanding the possible tools CRA will use to collect taxes we hope you can avoid these...
by Stanley Chen | Dec 5, 2022 | Licensed Insolvency Trustee
Licensed Insolvency Trustees (“LIT”) are federally-regulated professionals trained and experienced in helping people get the fresh financial start they deserve. Previous to 2016 these financial professionals were known as Bankruptcy Trustees – which did not...
by Rebecca Frederick | Nov 24, 2022 | Consolidation Loans, Debt Consolidation Canada, Debt Management, Joint Debt, Orderly Payment of Debt
What is Joint Debt? Joint debts are liabilities where the obligation for paying the debt falls on more than one party. A person can become joint on a debt when they share ownership of an asset – for example joint on a mortgage that is co-owned – when lenders can...
by Rebecca Frederick | Jun 12, 2020 | Debt Management
Are you a feeling like a frog? There is a story of a frog in boiling water. If the frog was placed in boiling water it would jump out immediately, recognizing the danger. But if a frog is placed into cool water it is comfortable and if the water increases in...
by Rebecca Frederick | Mar 1, 2016 | Avoid Bankruptcy, Consolidation Loans, Consumer Proposals, Credit Card, Credit Counselling, Debt Consolidation Canada, How to Get Out of Debt
Consumer Proposals and Informal Proposals – Do You Know What You Are Signing? Credit counselling, orderly payment of debt, and consumer proposals are all useful ways to address a debt problem. The key to selecting the right option is knowing which program is right for...
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