Best Ways To Get Out Of Debt | Page 12 | Articles

Consumer proposal vs bankruptcy? This Ontario family went from $120,000 to $19,500 in debt

By Paul Murphy

Alternatives to Bankruptcy, Best Ways to Get Out of Debt, Debt in Canada, Uncategorized

The debt situation: A family contacted our 4 Pillars office in Barrie Ontario. They had $120,000K in unsecured debt. They were considering bankruptcy. Monthly payments: Their minimal debt payments had risen to a crippling $3,500 per month. Methods they had tried: The family accepted full responsibility for their debt. They had already looked at other debt solutions. … Continue reading Consumer proposal vs bankruptcy? This Ontario family went from $120,000 to $19,500 in debt →

The Fear of Dealing with a Financial Crisis

By Robert Osborne

Best Ways to Get Out of Debt, Debt Help, Debt in Canada, Filing Bankruptcy, Get Out of Debt, Uncategorized

One of the biggest obstacles for people to overcome in dealing with their debt is the fear that others may find out you have experienced a financial crisis. As in the article “I am embarrassed by my debt “ by Trevor Glasser overwhelming debt can be not only embarrassing but debilitating and destructive to your … Continue reading The Fear of Dealing with a Financial Crisis →

A Good Credit Rating vs. Being Debt Free

By Darrell Pauls

Best Ways to Get Out of Debt, Debt Help, Debt Reduction, Get Out of Debt, Household Debt, How to Get Out of Debt

Banks, credit bureau agencies, hiring agencies, and even peers have done a great job in attempting to tie our self-worth or societal standing to our credit rating. I hear people say to me every day “I want to solve my debt but I don’t want to damage my credit rating”. I fully understand what people … Continue reading A Good Credit Rating vs. Being Debt Free →

I’m Embarrassed By My Debt

By Trevor Glasser

Best Ways to Get Out of Debt, Debt Help, Debt in Canada, Debt Reduction, Debt Restructuring, Debt Settlement 101, Get Out of Debt, Household Debt, How to Get Out of Debt

This is a common theme for people in debt. Unfortunately society seems to make an association between a person’s character and their net worth. Sadly, this is not a fair measure at all as other people don’t know how you got into the situation you are in. Having debt issues does not necessarily reflect on … Continue reading I’m Embarrassed By My Debt →

Bankruptcy Versus Consumer Proposal – Kootenays, BC

By Robert Osborne

Alternatives to Bankruptcy, Best Ways to Get Out of Debt, Debt Restructuring, Debt Settlement 101, Filing Bankruptcy, Get Out of Debt, How to Get Out of Debt

How does Canadian Insolvency Work The Bankruptcy Insolvency Act (BIA) provides two remedies to settling debt through either bankruptcy or consumer proposal and each has pros and cons. Regardless of which one a consumer (or business chooses) the unsecured debts are dealt with and within 24 hours there is a stay of proceedings where creditors … Continue reading Bankruptcy Versus Consumer Proposal – Kootenays, BC →

Category: Best Ways To Get Out Of Debt - Page 12

Consumer proposal vs bankruptcy? This Ontario family went from $120,000 to $19,500 in debt

The Fear of Dealing with a Financial Crisis

A Good Credit Rating vs. Being Debt Free

I’m Embarrassed By My Debt

Bankruptcy Versus Consumer Proposal – Kootenays, BC

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