Posts Tagged ‘credit’
Week 1: How Being Comfortable Means Security and Options
There are a number of factors that play into achieving financial well-being. Some are within our control, and unfortunately, some are not. Like most things in life, we should focus our attention on the things that are in our control.
Read MoreNovember is Financial Literacy Month
Financial Consumer Agency of Canada (“FCAC”), FLM is a coordinated effort “to strengthen the financial literacy of Canadians and empower them to manage money and debt wisely, save for the future and understand their financial rights and responsibilities”.
Read MoreWhat Is a Consumer Proposal?
Most consumer proposals are structured as monthly payments overtime at less than the full payout.
Read MoreDirector Obligations and How To Prevent Corporate Debts From Becoming Personal
Company debts can become personal debts. It is important to understand the links between the Company and directors (including guarantors of Company debts). These links need to be considered and managed when dealing with a Company insolvency. We have the experience to help.
Read MoreWhat Is the Canadian Wage Earner Protection Program (WEPP)
Workers of companies that have gone bankrupt or under receivership may qualify to receive unpaid wages, vacation pay, and termination/severance pay. WEPP is a program that was established by the Federal Government in July 2008. WEPP provides employees of bankrupt employers, or employers subject to a receivership, with the ability to recover up to approximately…
Read MoreWhat is Receivership and How Can It Be Delayed?
Receivership is usually focused on creditors enforcing their rights through the appointment of a receiver to seize and sell assets. A business can seek protection to delay receivership while trying to negotiate a restructuring. These matters are very time sensitive. Don’t wait…we can help! Receivership happens when a Receiver is appointed by creditors or the…
Read MoreWhat Does It Mean to Voluntarily File for Corporate Bankruptcy?
If your debt problems seem insurmountable – we can help. We service the Maritime Provinces. A company can face Corporate Bankruptcy either voluntarily or involuntarily. In order to become bankrupt voluntarily, the board of directors passes a resolution authorizing the company to file for Bankruptcy. Any company that owes at least $1,000 and is unable…
Read MoreWhat Does It Mean to ‘Restructure’ or File a Corporate Proposal?
When their is a viable business with too much debt to handle, a Corporate Proposal can be used to restructure the Company so it can continue in business. We can help guide the business through a restructuring. A corporate proposal is filed with the intent of restructuring the debt of a company and allowing the…
Read MoreWhat Does It Mean to File For Personal Bankruptcy in Canada?
Personal bankruptcy provides a financial fresh start when other options are not practical. Even if you don’t want to use bankruptcy to resolve your situation, you should still understand how it works and don’t ignore the option just because of the “B” word.
Read MoreThe Up-Sell
You can’t make it through a drive-through without “do you want to upsize that?”, “can we add a muffin?”, “do you want to make a donation to….”; no, thank you, I just want the coffee I ordered!
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