We attended the national conference of Licensed Insolvency Professionals on the weekend and listened to the best selling author of “The Wealthy Barber”, David Chilton speak. He had an enlightening view on credit. He feels that banks and lending institutions are like drug pushers.  They don’t care what...

Albertans have Canada’s highest average household debt, including mortgages, in the country, eclipsing the national average by nearly $50,000, according to BMO’s annual debt report. The report, released Friday, said the average household debt was $140,763. That’s higher than the four-year average of $124,701. The average...

NEW ONTARIO RULES MEANT TO CRACK DOWN ON UNSCRUPULOUS DEBT-SETTLEMENT FIRMS OTTAWA — New rules in Ontario to better protect consumers from unscrupulous debt settlement companies come into force this week, but bankruptcy trustees says those in financial trouble seeking help still need to be...

by Kaitlin Lee  Thinkstock    A lot of Albertans have dug themselves into a financial hole. According to the latest consumer trend report by Equifax — the average debtload in the province is $27,072. That’s 30 per cent higher than the rest of the country.  

By: Madhavi Acharya-Tom Yew Business Reporter, Published on Tue May 19 2015 The insolvency rate in Canada is slowly beginning to creep upward in parts of the country as the fallout of lower oil prices hits the economy, a new report from CIBC World Markets Inc. shows. The...

Always a great day when we can help someone.  ?  We have been talking about this for years, and it is nice to see it is finally getting through.  We got a note in our comment box today from a happy client. “We initially got...

It is always nice to know if we are providing the correct service for our clients and how we have been able to help them move forward from a difficult situation. Here are a few of our most recent comments. Natasha: Barry was so easy to talk...

The following is an excerpt from a recent Globe & Mail article that we find very relevant to what some of our clients experience. It all began with a pair of jeans. Robbie McCall wanted to give his daughter a new pair for Christmas. But he...

Ritchie Bros Auctions, the worlds largest industrial auctioneer held its largest ever Canadian auction last week in Nisku, Alberta  with over 8000 pieces of heavy equipment and trucks with a value of $215 million.  This may be a sign of what’s to come in Alberta for...

By Craig Wong, The Canadian Press OTTAWA – Seniors and those approaching retirement are making up a growing proportion of those filing for insolvency in Ontario and have bigger debts compared to younger people, a report said Monday. And while credit card debt makes up...