As the new year dawns, younger and older couples are facing credit card debt that is close to the pinnacle. But how do we get our personal finances back on track when money is stressful for 43% of Canadians? Here are 10 tips to put into practice.
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Beware of debt after retirement!
Not everything is rosy in retirement, proof of this is that seniors are increasingly in debt. Since 2010, people 65 and over have been the group that has grown the most among clients who have come to us for insolvency issues. But what are the causes of these growing difficulties?
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I Have Bad Credit … Can I Do a Debt Consolidation?
Every day people contact us because they want to do a debt consolidation. Most of the time, these people come to us because they have been turned down by their financial institution because of their bad credit.
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Frozen Bank Account? Here’s what to do.
Here is a typical scenario: you go to the ATM to get some cash to pay for your groceries, but to your surprise, your bank account has been frozen and you cannot complete your withdrawal. Panic sets in. How are you going to pay for your groceries, gas and other basic needs? Rest assured, there are solutions to lift the freeze code from your bank account.
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Consumer Proposals on the rise in Quebec in 2015
The Office of the Superintendent of Bankruptcy issued last month the Insolvency Statistics for Canada in 2015 and the figure that gets immediately noticed is the increase in consumer proposals in Quebec by 12% compared to 2014.
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The Tax-Free Savings Account: Too Good to Be True?
According to Statistics Canada, the Canadian population is evidently aging. With the 50 to 54 age group being the highest in number, it goes without saying that perhaps most of us are concerned about building a solid RRSP for retirement. But let’s not forget the option of investing in a tax-free savings account is here!
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New Office Opening in Montreal Near the Jean-Talon Metro
Pierre Roy & Associés is proud to announce the opening of a sixteenth office in Quebec and a seventh office on the island of Montreal. The new office is located at 1384, Jean-Talon Street East in Montreal and is easily accessible via the Jean-Talon and Fabre metro stations.
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Can my tax debts be included in my bankruptcy or my proposal?
At this time of year many people ask us if their tax debts (personal income taxes, company taxes, GST, PST, etc.) can be included in a personal bankruptcy or a consumer proposal.
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Pierre Roy & Associés is proud to announce the opening of a new office in Saint-Jérôme
SAINT-JÉRÔME, April 2nd, 2014 – Pierre Roy & Associés, trustee in bankruptcy, is proud to announce the launch of a new office at 60 rue de Martigny Ouest in Saint-Jérôme. The new office is the 15th location in Quebec for the bankruptcy trustee firm established nearly 25 years ago in L’Île-Perrot.
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Bankruptcy and RRSPs
There are many myths circulating about RRSPs and their seizability in the event of a personal bankruptcy. Many clients ask us whether their savings will be seized if they declare bankruptcy. The answer is no!
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