Blog - Page 48 of 50 - debtcare.ca

What is a Consumer Proposal in Canada? Pro’s and Con’s

mgoldenberg@debtcare.ca January 24, 2012 No Comments

Individuals and businesses in Canada are very fortunate to have many options available to them should they run into financial problems. One option that many individuals and businesses with unmanageable debt choose is a consumer proposal. What is a consumer proposal in Canada? Well, a consumer proposal is a legal option mandated by the Federal Government. It enables consumers and businesses to settle debt at much less than they owe,

Debt Consolidation Options in Ontario – We List the Different Types of Debt Consolidations

mgoldenberg@debtcare.ca January 17, 2012 No Comments

In Ontario, when consumers or businesses finds themselves in financial trouble there are a number of financial options available to help deal with their debt. In this article, we list the different types of debt consolidation to help you understand which options are available to you if you are having problems managing your debt. Debt consolidation option number one – use your home to consolidate debt. If you have some

Why do Debt Counsellors Charge a Fee for Debt Help in Ontario?

mgoldenberg@debtcare.ca January 10, 2012 No Comments

Debt counsellors are not “not for profit” credit counselling agencies and are actually a form of financial consultant. This often gets misconstrued because credit counselling agencies promote debt help in Ontario; what is not known is the fact that they are largely funded by the major banks and are often not the right choice if you are struggling with a financial problem. Debt counsellors represent individuals and businesses that have

What is a Bankruptcy Trustee in Ontario and What is Their Role in a Debt Restructuring?

mgoldenberg@debtcare.ca January 3, 2012 No Comments

A Bankruptcy Trustee in Ontario plays an important role when it comes to debt restructuring. Bankruptcy Trustees across Canada are appointed by the Superintendent of Bankruptcy to oversee bankruptcy and consumer proposal filings in Ontario. It is important to understand what a bankruptcy trustee in Ontario is and what his role is with regard to debt restructuring before going to see one directly. The most significant fact that you need

Canada Revenue Agency Collections Policy has the Potential to Ruin Your Life

mgoldenberg@debtcare.ca December 27, 2011 No Comments

The Canada Revenue Agency has a very aggressive collection policy. Their mandate is to collect past due tax debts and they have what appears to be limitless authority to do so. This article will outline the top 4 tactics that the Canada Revenue Agency will deploy to collect from you when you have an outstanding tax debt. 1. Wage Garnishments. The Canada Revenue Agency routinely places wage garnishments on taxpayers

DebtCare Canada at The Financial Technology Tradeshow

mgoldenberg@debtcare.ca October 23, 2011 No Comments

We had a great time at The Financial Technology Tradeshow this past week. Thank you to everyone and it was a pleasure to connect with so many financial professionals. Here are our photos.

PRESS RELEASE – September 2011 – The WeCare Canada Initiative

mgoldenberg@debtcare.ca September 11, 2011 No Comments

TORONTO SEPTEMBER 16, 2010 – DebtCare Canada, a Canadian financial consulting firm is announcing a new initiative, WeCare Canada, aimed to provide public education to help Canadians who struggle with debt. Through WeCare Canada, DebtCare Canada will be reaching into communities offering programs and resources to help families paralyzed by debt. DebtCare Canada offers families a wide range of tools and resources to deal with their debt. The solution could

Exciting Announcement – Karen Goldenberg Joins the DebtCare Canada Team

mgoldenberg@debtcare.ca September 11, 2011 No Comments

DebtCare Canada is proud to announce that Karen Goldenberg has joined the DebtCare team as Director of Community Outreach. Karen is the former CEO of JVS Toronto and brings extensive experience to the DebtCare Canada team having worked with community leaders and some of the most successful private and non-profit charitable health, education and social service agencies. Karen will head up the WeCare Canada initiative with a mandate to build

Debt warnings to Canadian households – Exploring the tips to manage the spiraling debt

mgoldenberg@debtcare.ca May 8, 2011 No Comments

If your debt load is more than you have ever expected, you need not fret as you’re not alone. According to the Statistics Canada, the debt-to-income ratios of the Canadian households have reached record highs, ranging somewhere above 148%. This alarming figure shows that the Canadians owe $1.48 on every dollar of their disposable income that they have. If you’re one such Canadian, you need to take some solid steps

Canadian bankruptcy filings fall as economy improves

mgoldenberg@debtcare.ca March 19, 2011 No Comments

JANET McFARLAND From Saturday’s Globe and Mail Published Friday, Mar. 18, 2011 1:16PM EDT Last updated Friday, Mar. 18, 2011 5:21PM EDT Insolvencies dropped in Canada last year as consumers and businesses benefited from improving economic conditions to avoid bankruptcy. But the trend remains far worse than pre-recession levels, according to new data released Friday by the federal Office of the Superintendent of Bankruptcy, and the improvement comes from an

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