Friday, 30th July, 2010
Toronto Directory
SPECIAL SECTIONS
Federal Bankruptcy Exemptions 2010
Bankruptcy exemptions vary by province in Canada. Here is a complete list of Federal Government exemptions a bankrupt individual can keep in Ontario: Click here
Bankruptcy and Insolvency Act 2010
Knowing your rights is imperative to ensuring creditors preserve as many of their assets as possible. This link takes you to the Government of Canada's website containing a copy of the Bankruptcy and Insolvency Act (R.S., 1985, c. B-3). Click here
Bankruptcy in Canada 2010
Here's a comprehensive overview of procedures and legal consequences of consumer bankruptcy in Canada. This article discusses Bankruptcy reform, discharge rules, the Wage Earner Protection Program Act, reduction of the student loan discharge period from ten to seven years, protection of all registered retirement savings plans and more. Click here
Financial Mistakes
The result: rising levels of consumer debt and declining household savings rates. But in 2008, this culture was hit hard by economic reality. As a result of the credit crisis and ensuing economic recession, savings rates rebounded. For those who had been living beyond their means for years, it suddenly got a lot harder to [...]
Top Five Ways To $ave Hundreds Monthly
North Americans are a collection of spenders who must learn the hard way to practice what our grandparents have always known: A penny saved is a penny earned. [...]
Top 10 Budget Myths
The closest many people get to budgeting is depositing their paychecks into their checking accounts and buying everything with an ATM card until the money’s gone.
While there are certain advantages to this method, such as not incurring credit card debt, there are also major disadvantages, such as not quite knowing where all that money’s going [...]
Top 10 Money Myths
Unfortunately, one of the factors that will prevent many people from becoming financially successful is their false beliefs about money. In fact, widespread financial myths can negatively impact both your short- and long-term net worth. Throw away these top 10 money myths, and you’ll avoid the consequences of believing them.
1. If I get a raise [...]
Managing Your Debt and Credit
Avoiding credit card overload increases your opportunities to save and invest for important goals.
1 Managing Debt and Credit
Credit was once defined as “Man’s Confidence in Man.” But in fact, the definition of credit today is more like “Man’s Confidence in Himself.” Using credit today means you have confidence in your future ability to pay that [...]
Types of Loans & Credit
Consolidation Loan:
A consolidation loan should pay off all of your existing unsecured debts. This would be loans from credit cards, retail store cards, bank overdrafts and personal loans.
Essentially, a consolidation loan combines all of your unsecured loans and uses your home equity to secure them.
But be careful of what looks to be a [...]
Toronto Bankruptcy Trustees
Personal financial difficulties can happen to anyone at anytime . When creditors begin to call and the pressure mounts, there can be relief by calling a Greater Toronto Area (G.T.A.) Bankruptcy Trustee. A common misconception is that you only have one option and that is to declare Bankruptcy. A good trustee can help [...]
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