Why you should never give up – even when things seem hopeless! If you have never had to count your pennies (literally) to live day to day, you may not be able to empathize with today’s featured clients. But believe you me, when times are desperate, it can feel like there is no way out...Read More

Many people think that borrowing more money is the way out of financial trouble Earlier this year, I advertised my credit counseling services in Toronto’s major newspapers. The phone rang off the hook. Interestingly, very few people call hoping to enter into a consumer proposal or even bankruptcy. Most want to borrow MORE MONEY, as...Read More

Not Balancing Your Budget Is More Stressful In Long Term Than Taking Your Lumps Now Brian and Susan have down sized their home three times in the past two years. Brian used to be a self employed website designer, making close to $100,000 per year, but business dried up when the recession was in full force,...Read More

Be careful what you agree to when entering a consumer proposal This week I met two new clients both in the early stages of consumer proposals. The service they received from their trustee was remarkably different. The first couple were struggling to make ends meet, with a mortgage, and two kids, notwithstanding net take-home pay...Read More

If a debt consultant makes wild promises, beware! Most trustees in bankruptcy cringe when they hear debt consultants making wild promises on the radio. They are not always telling the whole truth. One trustee wrote several scathing blog posts on the subject including Debt Consultants: Some Horror Stories. In Ontario thousands of people are paying...Read More

What Can You Expect To Hold Onto If You Declare Bankruptcy? Acknowledgement: Many thanks to Karen Adler, CIRP, who reviewed and improved this series of posts. Karen is a federally-licensed Trustee in Bankruptcy with Rumanek and Co. Karen has contributed to the educational materials and development of the national CIRP Qualification Program for trustees and...Read More

What Are The Different Types Of Consumer Proposals? Acknowledgement: Many thanks to Karen Adler, CIRP, who reviewed and improved this series of posts. Karen is a federally-licensed Trustee in Bankruptcy with Rumanek and Co. Karen has contributed to the educational materials and development of the national CIRP Qualification Program for trustees, and conducts seminars on...Read More