Overheard in a recent conversation: “I’m so glad we learned about parallelograms in high school and nothing about income tax. That’s really coming in handy during this parallelogram season”. It’s spring which means it’s also tax season. You may be … Continue Reading
In general terms, a writ is a form of written command in the name of a court or other legal authority to act, or abstain from acting, in some way. In the world of financial debt, a writ is issued … Continue Reading
You are not in a happy place because its tax time once again. Not only do you have to get all of your information together for your 2015 tax return but in the back of your mind, you know that … Continue Reading
The good news is that private and government pensions, under the Ontario Pensions act, cannot be garnisheed by a normal creditor, such as a credit card company. You can only make garnishments under the Ontario Wages Act, and pensions aren’t … Continue Reading
In life things tend to happen all at once. Rarely do we face big challenges one at a time. Instead they tend to come at you all at once, making things difficult indeed.
A case in point: you have been … Continue Reading
You are probably among the 21 million or so Canadians who have credit file or report but don’t know what’s in it.
If you have ever applied for and been approved for a credit card, a loan or a line … Continue Reading
A lien is the legal right, or security interest, that a creditor has in a debtor’s property. If you buy a car, for example, you usually agree to a lien with the financing company. If you don’t make your payments, … Continue Reading
March Break is an annual event that can cause you a lot of stress. If you and your partner both work. you need to find childcare options for your kids. If you can get time off, then you’ve got to … Continue Reading
In general legal terms, a judgment is a decision of a court regarding the rights and liabilities of parties in a legal action or proceeding. More specifically, in the world of debt collection, it’s when a creditor obtains a judgment … Continue Reading
Question: A recent study confirmed that well over 80% of Canadians facing retirement have not saved enough to maintain the standard of living they expect. Many will spend what is supposed to be their “golden years” in relative poverty according … Continue Reading