Toronto Debt Solutions

Does hoarding cash = debt free living? Debt free living is certainly elusive for many Canadians.  We have grown fearful about the volatility of the stock market and the future of the resources industries. As a result, instead of investing they are hoarding cash. According to a recent report from CIBC World Markets: Canadians are holding a record $75 billion in extra cash that would have normally been invested $75 billion represents almost 10% of the total value of overall personal liquid assets in Canada Personal cash positions were at a record high at the end of 2015 Cash holdings are up 11% over the past year The rise in cash holdings is attributed to risk aversion People 35 years old and younger hoarded the most money, as a proportion of their total wealth Notwithstanding all this extra cash, Canadians have the higher debt per capita of all time and have not allocated any of the cash for debt free living How can hoarding cash effect your retirement? Low-yield bonds and heavy debt ht...

John Crosbie calls NL finances 'horrendous' as AG outlines grim reportAt a talk by the province's auditor general Wednesday, John Cros https://ns336.com/blog/2016/02/18/john-crosbie-calls-nl-finances-horrendous-as-ag-outlines-grim-report/

 Consumer proposal vs. bankruptcy faqs We ve prepared this online video to answer the consumer proposal vs. bankruptcy FAQs that we are normally questioned. This information will hopefully help you understand better exactly what a Consumer Proposal is and how it will also help you clear the money you owe and AVOID individual bankruptcy. The most asked consumer proposal vs. bankruptcy FAQS Consider some of the advantages of the consumer proposal vs. bankruptcy, such as: You keep all of your assets Actions against you by creditors, such as wage garnishments are going to be stopped Unlike informal unsecured debt settlement, the consumer proposal is a forum where all of your creditors must handle your restructuring You don’t need to declare bankruptcy Additional reasons are: The opposed bankruptcy discharge process is not quick. Courts are backed up so your bankruptcy discharge hearing may not happen for many months.  So think of 4 months or more being added on to the 21 or 36 months http:...

CONSUMER CREDIT PROPOSAL: HOW OUR CASHLESS SOCIETY CAN LEAVE YOU PENNILESSThe reality is that we really don’t need to carry cash an https://ns336.com/blog/2016/02/14/consumer-credit-proposal-how-our-cashless-society-can-leave-you-penniless/

A very simple debt and money management test that should only take 30 seconds to complete, but a very good one. Thanks to Credit Counselling Services Of Atlantic Canada. https://ns336.com/blog/2016/02/11/think-good-money-manager/

The issue of a business restructuring proposal of Goodwill Toronto has recently been in the news.  This video is an interview aired on TV Ontario, The Next Ontario show, with Dr. Sarah Kaplan, Professor of Strategic Management at Rotman School of Management, University of Toronto.  The purpose of the interview is to obtain Dr. Kaplan’s views on the Goodwill Toronto closure of 16 Goodwill stores. Toronto Goodwill thrift stores were operated, not unlike a Salvation Army thrift store, to raise funds to support the aims of the non-profit;  in this case job skills and job creation for those who might otherwise be unemployable. It takes money to restructure We have all heard the expression “It takes money to make money”.  I would like to make a slight twist on that expression by stating that it takes money to have a successful business restructuring proposal.  Not only does the company and business have to be able to have sufficient cash flow in order to operate during the restru http://www....

Believe it or not, when it comes to senior citizen debt relief, many Canadians believe that they can comfortably retire on Canada Pension Plan (CPP) and Old Age Security (OAS) benefits alone. According to a 2014 Bank of Montreal study: 89% of Canadians said they expected CPP or the Quebec Pension Plan to fund part of their retirement 31% said they expected to rely heavily on their CPP/QPP Is expecting the government to fund your retirement realistic? No! Paul Shelestowsky, senior wealth adviser with Meridian Credit Union in Niagara-on-the-Lake, Ontario believes that Canadians are playing a dangerous game with their future by expecting the benefits to make up for meagre savings, let alone senior citizen debt relief. “CPP and OAS were never meant to form somebody’s retirement plan. They were meant to augment it and help as one of the pieces of the puzzle,” Mr. Shelestowsky says. Do you know how much you’d earn if CPP and OAS were your only sources of income in 2015? Your net inc http://w...

Toronto Debt Solutions: NEW WEBSITE FOR TORONTO BANKRUPTCY AND YORK REGION... : There is a new website that provides great information to those who have realized they have too much debt and need to obtain a free consulta...

There is a new website that provides great information to those who have realized they have too much debt and need to obtain a free consultation with a trustee in bankruptcy. The site has excellent information about bankruptcy and bankruptcy alternatives, especially if you are interested in Toronto Bankruptcy or York Region Bankruptcy. You can access the Toronto Bankruptcy and York Region Bankruptcy website by CLICKING HERE .