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Consumer Proposal VS. Bankruptcy – How Are They Different

mgoldenberg@debtcare.ca November 5, 2012 No Comments

If you have been facing financial challenges you may have been exploring financial options to deal with debt. Two of these options include a consumer proposal and bankruptcy. We are often asked the differences between filing a consumer proposal vs. bankruptcy in Canada, which prompted us to write this article. Before discussing the differences between filing a consumer proposal vs. bankruptcy it is important to understand that both are legal processes to

How to Deal With a Frozen Bank Account as a Result of a Canada Revenue Agency Tax Debt

mgoldenberg@debtcare.ca October 22, 2012 No Comments

When an individual or business has a tax debt owing to the Canada Revenue Agency, the Canada Revenue Agency will begin to pursue enforcement action to collect the debt. One method that the Canada Revenue Agency uses to collect debt is by freezing a bank account. A frozen bank account can be extremely disruptive and can cause incredible financial hardship. Many people feel blindsided when they go to the bank

Garnishment of Wages Blog Series Part 3 of 3 – Garnishment of Wages by the Canada Revenue Agency and Your Options

mgoldenberg@debtcare.ca October 16, 2012 No Comments

One of the scariest and most serious garnishments of wages that exists is a garnishment of wages issued by the Canada Revenue Agency. When a tax debt is owed, the Canada Revenue Agency has a vast arsenal of tools at their disposal that they can deploy to collect money from you. A wage garnishment is one of these tools. What you may not know is that the Canada Revenue Agency

Garnishment of Wages Blog Series Part 2 of 3 – How to Stop a Wage Garnishment

mgoldenberg@debtcare.ca October 9, 2012 No Comments

In our last blog in this series we answered the question “what is a wage garnishment”. If you have been threatened with a garnishment of wages then you need to know that your employer is about to be notified about your defaulted debt. If your wages are already being garnished then your employer has already been made aware of your defaulted debt and you are likely feeling the financial hardship

Garnishment of Wages Blog Series Part 1 of 3 – What is a Wage Garnishment?

mgoldenberg@debtcare.ca October 1, 2012 No Comments

A garnishment of wages is one of the most common and effective enforcement methods used to collect money through the Small Claims Court by the Canada Revenue Agency, O.S.A.P, and Family Responsibility. A garnishment of wages occurs when you have defaulted on a debt and the party you owe money to serves your employer with a legal notice to garnish your wages (i.e. pay some portion of them to that

Debt Relief in Canada Blog Series Part 4 – The Reality of Making a Debt Settlement

mgoldenberg@debtcare.ca September 24, 2012 No Comments

You may have heard about debt relief in Canada being offered by debt reduction companies or some of the government reports warning consumers about the risks associated with debt reduction companies. The debt reduction companies that the government has been speaking out against are those who offer debt relief in Canada without a bankruptcy or consumer proposal. These debt reduction companies will offer you a program whereby you pay them

Debt Relief in Canada Blog Series Part 3 – Are There Consequences to Filing for Bankruptcy?

mgoldenberg@debtcare.ca September 17, 2012 No Comments

There are many options for debt relief in Canada, and one of the most common is bankruptcy. If you have financial problems, bankruptcy may seem like a scary option because of the consequences that many people associate with filing for bankruptcy. Hopefully this article will help you to understand bankruptcy better and determine if in fact it could be an option for debt relief that you should consider. Bankruptcy is

How to Deal With Collection Agencies in Canada

mgoldenberg@debtcare.ca September 10, 2012 No Comments

Trying to deal with collection agencies in Canada can be futile, unless of course you have DebtCare Canada in your corner. Collection agencies in Canada use tactics that can be not only humiliating but also very annoying. In this short video Michael Goldenberg discusses how you can deal with collection agencies in Canada and still come out on top. If you would like more information about how to deal with

Debt Relief in Canada Blog Series Part 2 – Do I Qualify to Refinance My Mortgage?

mgoldenberg@debtcare.ca September 10, 2012 No Comments

Debt relief in Canada can involve a debt settlement, a consumer proposal, budget management, credit counselling, bankruptcy, debt consolidation and more. The right option for debt relief will depend on your personal and financial situation and also the resources you have available to you to deal with your debt. A homeowner with home equity has more options for debt relief in Canada than one who doesn’t, as that individual can

Debt Relief in Canada Blog Series Part 1 – Is a Consumer Proposal the Answer?

mgoldenberg@debtcare.ca September 6, 2012 No Comments

Debt relief in Canada is a subject that is constantly in the news for many reasons, whether it is the government reporting on the fact that Canadians are carrying historically high levels of debt, reporting on debt reduction companies and what to watch out for, reporting on changes to CMHC lending guidelines to stop those who are loaded with debt from buying homes that they really can’t afford, and more…

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