Financial trouble may be just around the corner. Lay-offs, job loss, illnesses, and accidents happen. Major expenses will come up from time to time in your life. The good news is you can take steps today that will help you avoid financial trouble in the future.
During a recent Ipsos survey that took place in Canada, a whopping 30% of respondents reported being insolvent. That being said, if you're unable to pay your bills, you are not alone, and bankruptcy isn't your only option.
The top two insolvency options available for individuals include personal bankruptcy and consumer proposals. Both will allow you to resolve issues with your debt while providing you with legal protection from creditors. However, there are some key differences between the two solutions to keep in mind.
Read on to learn more about your top two options for resolving your debt and reclaiming your life.
Are you struggling to make payments on your loan? You are not alone. According to statistics, over 73% of Canadians suffer from debt, causing much financial stress in their lives. Debt relief is likely the answer they are looking for, but for many, navigating options and next steps can be a confusing and, sometimes, daunting experience.
Debt relief offers one possibility for lightening that financial burden, but there are pros and cons to it. Not everyone can be eligible for certain types of debt relief programs.
If you are curious about the benefits of debt relief, this blog will offer an overview of some options you can consider. When you are ready to work with a trusted and licensed insolvency trustee firm, give us a call.
Just under half of all Canadians admit that financial worries cause them more stress than work, relationships, or personal health.
Likely, that will come as no surprise to most of us, but this interesting statistic may: Most Canadians lack confidence in their own financial knowledge.
Trying to cope with a difficult financial situation while unsure of the best solution on how to resolve it, alongside the mental and emotional turmoil that this brings, can indeed be a heavy burden. However, you can overcome financial anxiety by following the advice of those who best understand the landscape.
If you are suffering financially, you need to consult with a Licensed Insolvency Trustee in Vancouver or Richmond. Whether you need credit counselling, a consumer proposal, or bankruptcy, you need to work with a licensed professional who can help you determine your best course of action. Read on to learn everything you need to know about Licensed Insolvency Trustees.
If you're struggling financially, you may have considered filing for bankruptcy. But filing a consumer proposal Richmond or elsewhere might be a better option.
You can get the relief you need without going through the bankruptcy process. Keep reading to learn more about a consumer proposal Vancouver.
The COVID-19 crisis has impacted the economy with a temporary shutdown of businesses and layoffs. Although piling debt is not ideal or easy to deal with at any given point, it has become even harder to manage your bills in these troubled times. With the help of some personal solutions, such as managing your bills and finances, cutting down expenses will help you cope with the debt in these tragic times.
