Income tax debt, recovery options, interests and penalties
As a Licensed Insolvency Trustee, year after year I see firsthand how much income tax debt come to represent a
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Trustee in bankruptcy : a depressing profession?
“It must be quite depressing to be a trustee in bankruptcy!” Such is a comment I often get when I
Bankruptcy trustees are changing
The term “bankruptcy trustee” could very well change pretty soon. The Office of the Superintendent of Bankruptcy Canada, the OSB,
How to avoid having your hydro disconnected
If you are behind on your hydro bills, you could get disconnected soon. Note: This post was updated on February
Who are Licensed Insolvency Trustees working for?
Being a Licensed Insolvency Trustee (LIT), I am sometimes confronted with this question. Sometimes, I even have to demystify the
Divorce: A Leading Cause of Bankruptcy
The divorce leads many Canadians to declare bankruptcy. This phenomenon is rather disturbing, given the fact that divorce forecasts show
Getting back your Wages even when your Employer Files for Bankruptcy
If your employer files for bankruptcy, you will not automatically loose the wages he owes you. You will however have
Bankruptcy, Credit Cards and Fraud
Is it a good idea for someone to spend profusely in order to reach his credit card limit before filing
“If you don’t pay your debts, you’ll end up in jail”
Let’s get one thing straight off the bat – it isn’t a crime to be in debt! Despite what some
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