If I’m in Debt, can my Wages be garnished?

If a creditor has already gone to court and obtained a judgement allowing them to garnish your wages, there are three ways to deal with this: (more…)

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The Dangers of a Home Equity Line of Credit (HELOC) & Debt

Canadians taking on Home Equity Line of Credit Loans may be living on a slippery slope! Many Canadians who are either looking for a source of cheap borrowing or,  are struggling with debt, are allured by the lower interest rates of...

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Borrowing from Family to Pay off Debt

Borrowing from family can be tricky.  Family and friends may sympathize with a request for a loan, and will either give freely without question, or feel pressured to comply.  Either way, this kind of request has the potential to...

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Should Students Own a Credit Card? Can they properly Manage Debt?

This is a tricky question.  Owning a credit card can help to build the credit history needed to borrow money from creditors for future investments, like applying for a job or buying a house or a car. However, if a credit...

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Interest Rate Increase will Hurt Canadians with Non-Mortage Debt

Bank of Canada governor, Mark Carney, recently warned us that interest rates could be rising sooner than most had previously expected.  This will affect indebted consumers who have been getting by with barely paying down their debts even with very...

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Landlords – Having Problems Collecting Rent due to Debt?

Landlords have heard every excuse in the book for reasons why rent is missed or late. Have you heard these? I don’t have the money right now because I just lost my job. I’m on a fixed income and my expenses have...

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DEBT is A Four-Letter Word (Featured in Women’s Money Week)

Debt is the four-letter word all of us live with, but don’t like to talk about. Many of us who struggle with debt become deflated, embarrassed, and stressed. There is an actual medical term for “a pain in the wallet”:...

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Divorce and Finances in Canada

Your marriage is over, and it’s time to divide your marital assets.  Who gets the house?  The silverware or stocks you’ve both accumulated together?   Do you have any outstanding debt between you both? (more…)

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Family Lawyers dealing with Life and Debt

Ever heard of the saying, the only things in life that are certain are death and taxes? Well, we can add a new one to the list– Debt.  Whether you are young or retired, single or married, you are...

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Pay your debt with the Ontario Energy and Property Tax credit

NEW! The Ontario Energy and Property Tax Credit will now be paid out in monthly installments instead of the previous quarterly payments. As part of the Ontario Trillium Benefit, “The Ontario Energy and Property Tax Credit helps low- to moderate-income individuals 18 years of age...

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