Published: • Sometimes even successful people run into debt problems. We see it often with small business owners who have not set up a proper tax remittance program with CRA. One day they wake up to a huge tax liability that isn’t likely to go away. A CASE STUDY: Chao and Xiaoling own their home...Read More

If you are a homeowner in the middle of a consumer proposal, did you know you can get a home equity loan or mortgage refinancing to pay off your consumer proposal and get on with your life? There are several reasons why you might do this: Keep more of your pay every month. Your overall...Read More

Should you pay off your consumer proposal early? Before you filed your consumer proposal, your debts were out of control. Your consumer proposal gave you relief from your creditors, collectors and perhaps even garnishments. It was a very responsible way to deal with your debts. Creditors appreciate that. Once a new reality sets in and...Read More

Published:   •  What is mortgage refinancing? Refinancing is the process that pays the existing mortgage and/or any other legal claims against the property and sets-up a completely new mortgage. Refinancing can save you lots of money when market interest rates drop one or more percentage points below your present rate. Mortgage refinancing can be...Read More

Homeowners Eliminate Debts Without Declaring Bankruptcy Our consumerist society often gulls people into spending beyond their means. In my business, I meet these folks every day. As recently as a few years ago, many would simply refinance their homes; pay off their credit card debt, and begin the vicious cycle all over again. But that...Read More

Pay off huge debts with home equity A lady called me a few weeks ago inquiring if she was a bankruptcy candidate. She and her husband were in serious arrears on their property taxes – over $25,000 – and their municipality was threatening foreclosure. Compounding the stress was around $100,000 in unsecured debts – credit cards...Read More