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Debt and Divorce: How to Handle Your Finances During a Divorce

mgoldenberg@debtcare.ca March 16, 2021 No Comments

Debt and divorce. How to handle your finances during a divorce isn’t an easy task. Since approximately 38% of marriages end in divorce in Canada, it is no wonder that people want to know how to deal with their own debt and marital debt during divorce. This article will explain your options and comes from the office of a noted debt defense and bankruptcy lawyer in Philadelphia, PA. You Are

Debt Consolidation 101 – Dealing with CRA Collection Action

mgoldenberg@debtcare.ca February 3, 2021 No Comments

Have you recently received a phone call or a letter from the CRA regarding your existing debt? That’s because, as of September 2020, the CRA has resumed its debt collection activities. The CRA has confirmed that it is reconnecting with taxpayers to re-evaluate their respective financial situations and discuss debt repayment options. The CRA has also started requesting voluntary repayment of CERB from individuals who have received it but did

CERB Ineligibility and Repayment – Actions CRA Can Take in 2021

mgoldenberg@debtcare.ca January 20, 2021 No Comments

If you have received a letter from the CRA regarding Canada Emergency Response Benefit (CERB) ineligibility – you’re not the only one. Many Canadians have received letters regarding repayment of CERB for one of the following reasons: Collected CERB payments from both Service Canada and the CRA. Did not meet the minimum income requirement. According to CTV News, 441,000 ‘educational’ letters were sent to Canadians by mid-December. So, if you

Credit Advice for the New Year: How to Get Out of Debt in 2021?

mgoldenberg@debtcare.ca January 6, 2021 No Comments

Happy New Year! A new year is a new start. If you’ve faced some financial challenges last year, now is a good time to take some steps to rebuild your credit score and manage your debt. A series of small changes are all you need to bring your credit back on track! Here are some suggested actions you can take: Get an updated credit report to get a better understanding

Happy Holidays from DebtCare Canada!

mgoldenberg@debtcare.ca December 23, 2020 No Comments

Happy Holidays from all of us at DebtCare Canada! 2020 has been a difficult year for most of us. It has taught us that it is important to surround ourselves with our loved ones and focus on things that really matter – like our physical and mental well-being. As the year draws to a close, we reinforce our commitment to helping and supporting those around us. We hope you enjoy

Restaurant Industry Hit Hard By COVID-19 – Financing Options for Restaurant Owners

mgoldenberg@debtcare.ca December 16, 2020 No Comments

COVID-19 has severely impacted the hospitality and restaurant industries – with smaller, more entrepreneurial ventures being hit the hardest. A report released by Dalhousie University shares that tnhe Canadian hospitality industry could lose up to $20 billion in revenue next year. This is because, in addition to a global pandemic, people’s habits have changed too. Many Canadians are working from home and making food at home – this has reduced

Should I Refinance My Mortgage in Response to the Low Interest Rates?

mgoldenberg@debtcare.ca December 2, 2020 No Comments

You may be thinking of refinancing your mortgage given that the interest rates are unprecedentedly low. Refinancing your mortgage can help you preserve your credit score by using the equity in your home to consolidate high interest debt. This is often a great option because not only can you reduce interest, you can also reduce your overall monthly payments. Here’s a list of pros and cons that will help determine

Debt Management Plan – Restructure Finances as You Prepare to Change Careers

mgoldenberg@debtcare.ca November 18, 2020 No Comments

If you’re thinking of switching careers … you’re not alone. A survey commissioned by Amazon, and published on the CNN website, shares that 61% of job seekers surveyed are looking for a job in a new industry because of the pandemic. COVID-19 has given us an introspection opportunity. It has given us time to review our career choices and examine if there is something better out there. While some people

Now is the Time to File a Consumer Proposal – How Our Client Reduced $100,000+ Debt to $12,000

mgoldenberg@debtcare.ca November 4, 2020 No Comments

In today’s uncertain environment, creditors are more flexible than ever. If you’re facing financial distress, now is the time to consider filing a consumer proposal and making an offer to your creditors to settle your debts for less than what you owe. In most cases, you can even keep your home and ensure that your assets remain untouched! Client Success Story – Reducing $100,000+ Debt to $12,000 If you’re wondering

Canadian Tax Consultants: Do You Have a Debt Relief Partner to Support Your Tax Clients Who are in Trouble?

mgoldenberg@debtcare.ca October 21, 2020 No Comments

It is not uncommon to find out that your client is facing financial troubles – particularly during the time of a global pandemic. In fact, many independent professionals and tax specialists including personal tax accountants, tax preparers, bookkeepers, financial advisors, lawyers, and estate planners are amongst the first to learn that their client is facing financial turmoil. It can be a challenging situation when you are preparing a client’s books

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