Posts Tagged ‘small business’
Will a consumer proposal or personal bankruptcy deal with business debt?
When you are struggling with business debt, it can feel like you are stuck in a nightmare. You may not know where to turn for help. Do you file for a consumer proposal or personal bankruptcy? Which one is best? How will they impact me, and my business? These are great questions that we will…
Read MoreWhen Small Business Owners Run Into Financial Trouble, What They Need is Help
We believe that entrepreneurs should be encouraged and supported, particularly when they run into financial difficulty.
Read MoreWhat happens to a business when a shareholder goes bankrupt?
A shareholder’s personal bankruptcy or consumer proposal always creates questions and sometimes concerns for anyone who has an interest in the business. Here are a few answers.
Read MoreFinancial Warning Signs
Most of us can sense impending financial trouble but we tend to shy away from seeking professional help out of embarrassment or fear of being judged. Licenced Insolvency Trustees and debt counsellors are there to help and should be able to provide you with financial counselling in a non-judgmental and professional manner. The information they provide should help you better understand your financial situation and the options and resources that are in place to assist you. This will allow you to make the best possible decision to resolve your financial concerns.
Read MoreThe Importance of a Good Credit Rating
Since your credit score is a reflection of how you have or have not paid your bills in the past, many businesses, landlords, mortgage lenders, utility providers, and even employers; use your credit score to predict your future financial responsibility. Anytime you need to borrow money, or even use services, your credit score is may be called into question. This is why maintaining good credit score is important.
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