4 Pillars Articles

When a small business slides deeper into debt, corporate debt restructuring can offer an out. Corporate debt restructuring is often thought to only be available to large companies. But your small business can also benefit from it. This article explains how it works. Corporate debt restructuring allows businesses of all structures and sizes to reorganize … Continue reading What is corporate debt restructuring? Advice for small businesses →

When a small business begins to fail, bankruptcy is often seen as the final option. But is bankruptcy the best option for your small business in Canada? Essential information about small business bankruptcy in Canada When a small business becomes buried in debt, bankruptcy is the most commonly known solution. But when it comes to … Continue reading Is bankruptcy the best option for your small business in Canada? →

The amount of debt many graduates are leaving school with means they are delaying big life decisions such as buying a car, buying a house, getting married and having kids. This ultimately has an effect on us all and the overall economy. It also means many of our children are rethinking higher education, pursuing different options and living at home longer after school to try and pay off their student loan debt. For many parents it means postponing retirement and taking on additional debt to help their children through school.

Have you ever wondered how and why people get into debt? And what really triggers the financial challenges we have all faced at some time. We know that debt can lead to disastrous consequences; it can destroy a relationship, lose our assets and everything we have worked so hard to create, and it can bring on mental anguish like no other problem previously faced.

Very few people have or can earn enough money to pay cash for life’s most important purchases: a home, a car or an education. The most important consideration when buying anything on credit or taking out a loan is whether the debt incurred is good debt or bad debt.