Tag

Credit Counselors
More and more people are seeking alternatives to bankruptcy – and finding them! In case you missed it, Emily Jackson wrote an informative piece on the changing landscape of bankruptcies and consumer proposals in the Globe and Mail on June 14, 2011. Her main point is that since the rules changed so significantly in September 0f 2009,...
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Bankruptcy levels are improving, but we have not recovered from the 2008 recession yet While bankruptcies continue to drop as economic conditions improve, they still remain above pre-recession. A longer version of the following article was published earlier this week in www.mortgagebrokernews.ca According to data released by the federal Office of the Superintendent of Bankruptcy,...
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As the New Year approaches, we invariably have many clients attend meetings in our office where they “confess” to having taken on significant credit card debt over the past year. It seems as if the annual ritual of Xmas shopping pushes them over the edge and they resolve to clear up the debts once and for...
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A couple of weeks ago I negotiated settlements with several creditors on behalf of a client who really did not want to do a consumer proposal. (CP) It was probably a wise decision since, the more I got into the exercise, the more equity in his house and other “grabbable assets” he seemed to have.  A CP...
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407 Tolls Are Not Included In Consumer Proposals Or Bankruptcy I attended a credit counselling meeting today with a lady in the late stages of a successful consumer proposal. She related a story of how she also owed $1,800 in unpaid 407  tolls at the time she entered into her proposal, and wrongly assumed this...
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‘Plan like a pessimist (to) live like an optimist’ I read this interview of Gail Vaz-Oxlade in today’s Saturday Star – and it really resonated with me. Her mantra is simple yet practical advice for all. The part I liked best was when Gail says you should NOT pay off all your debts before you...
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