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The Last Loan

We wanted to write this blog because we often see patterns regarding triggers for serious financial problems and clear points in time where different choices could have changed the course of the problem. Sure, there are instances where a sudden occurrence, such as a job loss or divorce, can cause abrupt and unexpected financial turmoil, […]

The Truth About Canadian Payday Loans

Canadian payday loans are a controversial topic and while they are now regulated in Ontario they still continue to be the reason that many consumers run into severe financial problems. Canadian payday loans are a type of credit product that is very easy to get. Whether you have good credit or bad credit, if you […]

How to Stop a Small Claims Court Action in Canada

Bad things happen to good people, and nobody intends to run into financial problems that can lead to defaulting on obligations to credit card companies. Individuals lose jobs, income, have medical problems in the family, or separate from spouses. These are just a few of the reasons why an individual might see his or her […]

Small Businesses Can Be Subject to a Wage Garnishment From The CRA Too But How?

Starting a successful small business takes hard work and perseverance. Unfortunately, small business owners are one of the largest groups that find themselves with tax problems. One of the main reasons why small business owners commonly run into trouble with the CRA is because it is tough starting a business and generally in the first […]

What Does A Trustee Do?

If you have financial problems and have thought about consulting a trustee in bankruptcy, you may be curious about the role that they play in helping you deal with your financial problems, and may be asking yourself “what does a trustee do anyway?” The first thing to know is that a trustee in bankruptcy does […]

Credit Counselling Canada – How Does It Work and Who Qualifies

If you are having challenges managing your debt there are many solutions available. The solution you choose will largely depend on your personal and financial circumstances. The amount of debt that you have, for example, will change the financial solutions available to you. Credit counselling Canada is a service that helps many Canadians deal with […]

What is a Trustee?

What is a trustee? A trustee is a person who holds property, authority, or a position of trust or responsibility for the benefit of another. In the case of an “estate trustee” the trustee could be a company or an individual. An estate trustee in the case of an individual who dies or is incapacitated,  […]

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

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 […]