It’s difficult to know exactly when you should seek financial help when you’re caught up living paycheck to paycheck. Sometimes, you don’t know the kind of situation you’re in until all of your bills pile up and you feel like you’re drowning under the pressure. Below, you will find information regarding the appropriate time to consult a licensed insolvency trustee and what you should expect from your first visit.
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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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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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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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