Toronto Debt Solutions

DEBT COUNSELLING ON: OUR KILLER 6 STEPS TO IMPROVE YOUR FINANCIAL SITUATION http://www.irasmithinc.com/bankruptcy_services-personal_credit_counselling.html W... https://www.youtube.com/watch?v=_9FmSZdP-5o

Grey Divorce: Baby Boomers are splitting up http://www.irasmithinc.com/blog Some are calling it grey divorce. Baby boomers divorcing after many years of marr... https://youtu.be/jo75wNhzJiw

April 21- Struggling teen apparel retailer Aeropostale Inc is preparing to file for bankruptcy as soon as this month, Bloomberg reported, citing people familiar with the matter. Aeropostale is looking to reorganize under Chapter 11, Bloomberg said, citing the people. The retailer is trying to work out a loan to finance its operations during the bankruptcy... http://g-t-t.net/aeropostale-said-prepare-bankruptcy-filing-soon-month/

A great article on the importance of trust in your financial dealings. http://g-t-t.net/importance-trusted-financial-services-firm/

This video is courtesy of The Toronto Star.  This post is based on the article written by Kevin Donovan, Investigations reporter, about Sheldon Wolf Calgary businessman which accompanied the video all originally published on March 11, 2016. Faced with a reporter asking questions about his credit repair companies and assets, Sheldon Wolf Calgary businessman struck back. He secretly purchased a web domain in the reporter’s name, created a website, and invited anyone with information to dish about the reporter or his family. Over the last week, the same IP address is now associated with four URLs in the names of two Star journalists, and three URLs using versions of the Toronto Star’s name. “The focus of this site is to produce news and information that is only of public interest regarding David Bruser and/or the Toronto Star,” read the first line of one website, under a large photo of the reporter taken from a university website, until the website was abruptly taken down last M http://ww...

Looking to settle your debts for an amount you can afford, without bankruptcy? Find out why debt settlement seldom works, while bankruptcy works well. http://g-t-t.net/secret-alternative-bankruptcy/

Student debt bankruptcy inquiries on the rise Student debt and student debt bankruptcy is a very serious issue in our country. We’ve looked at the problem from different angles in a series of blogs and like you, are left with more questions than answers. CANADA STUDENT LOAN REPAYMENT: WHAT CAN YOU DO IF YOU CAN’T REPAY?  #VIDEO: DREAM CRUSHING AVERAGE STUDENT LOAN DEBT: REASONS WHY WE PITY YOU# STUDENT LOAN DEBT, DOES IT AFFECT THE ECONOMY? CANADIAN PARENTS PAYING STUDENT LOANS Student debt bankruptcy cases on the rise Unfortunately, regardless of which government is in power, there’s been no solution or improvement regarding student debt. In fact, student debt has now taken on epic proportions. According to the Canadian Federation of Students (the largest organization for post-secondary students in Canada), last year the number of student debt bankruptcy files of those who received student loans hit a 10-year high as more than 6,000 students declared bankruptcy in 2015, more t http://...

This is the second of a three-part series of articles that outlines what the issues are when it comes to builder's lien trust claims in a bankruptcy. The following article answers the question: What is, and is not, affected by this bankruptcy issue? http://g-t-t.net/trust-no-one-motto-builders-lien-trust-claims-bankruptcy/

Dramatic and sweeping efforts by the Newfoundland and Labrador government to subdue a crushing deficit will push some individuals and families into bankruptcy, says insolvency trustee Sean Stack. http://g-t-t.net/budget-means-bankrupt-families-says-n-l-insolvency-expert/

For anyone involved in the construction industry, or acting on behalf of land owners or construction companies, this Alberta Court of Appeal decision and the SCC refusal to hear an appeal is very instructive. http://g-t-t.net/end-road-supreme-court-canada-denies-leave-appeal-iona-contractors-ltd-v-guarantee-company-north-america/

The condo boom has seen billions poured into syndicated mortgages. They are pitched as high return, low risk investments, but is that too good to be true? http://g-t-t.net/just-safe-safe-world-syndicated-mortgages/

Read up on what 50 Cents is spending his money on now! http://g-t-t.net/50-cents-infinite-cash-flow/

Recent Decisions Confirm Broad Powers of Trustees to Examine Witnesses and Compel Documents http://g-t-t.net/broad-powers-trustees-examine-witnesses/

The condo boom has seen billions poured into syndicated mortgages. They're pitched as high return, low risk investments, but is that too good to be true? http://g-t-t.net/broad-powers-trustees-examine-witnesses/

Leading global coal producer Peabody Energy Corp (BTU.N) filed for U.S. bankruptcy protection on Wednesday after a sharp drop in coal prices left it unable to service debt of $10.1 billion, much of it incurred for an expansion into Australia. http://g-t-t.net/leading-global-coal-miner-peabody-files-bankruptcy/

Raiding your RRSP is the worst bankruptcy alternative and in this blog you will see why. The federal government introduced the Registered Retirement Savings Plan (RRSP) in 1957 to encourage Canadians to save for retirement. For many Canadians, RRSPs will be their only source of retirement income, in addition to Old Age Security (OAS) and Canada Pension Plan. However, according to a recent BMO survey Canadians are raiding their RRSPs to make ends meet and this is not advisable survival plan or bankruptcy alternative. What is an RRSP? A RRSP is a personal savings plan registered with the Canadian federal government allowing you to save for the future on a tax-sheltered basis. It can contain a variety of investments including RRSP savings deposits, treasury bills, guaranteed investment certificates (GICs), mutual funds, exchange-traded funds (ETFs), bonds and equities. Your contributions are tax deductible and your investments inside the RRSP grow inside tax free. However, when you take h...

A nice 1 paragraph summary by a US Attorney that a business can be sold out of #bankruptcy - the same is true in #Canada. http://g-t-t.net/seller-financial-distress/

Our inspiration for this vlog This vlog was inspired by our new eBook:  PERSONAL BANKRUPTCY CANADA – Not Because You Are A Dummy, Because You Need To Get Your Life Back On Track, which is sold on Amazon.com.  The eBook explains the Canadian personal insolvency and bankruptcy system, specifically directed to the person stressed out with too much debt. The most asked question is about surplus income limits The question we are always asked is:  What are the surplus income limits for 2015 and 2016 if I am in bankruptcy?  I don’t have any cash left over from each paycheque, so, how can you say that I have surplus income? What are the surplus income limits for 2015, 2016 and beyond? Surplus income is the amount of a debtor’s total income that exceeds what is necessary to maintain a reasonable standard of living according to the standards set by the Office of the Superintendent of Bankruptcy (remember, the actual standard is right at the poverty line so don’t get happy when yo http://www.iras...

Wasaya Airways continues to pull up from a financial nosedive that forced a 20-month long restructuring of the company. http://g-t-t.net/wasaya-readies-offer-creditors/

Want to really capture the loyalty of bright young workers? Help them get out from under their stupefying student loans. http://g-t-t.net/student-debt/

OTTAWA - The Canada Revenue Agency is boosting its efforts to hunt down tax dodgers — including those who shelter cash offshore — under an expanded plan ex http://g-t-t.net/panama-papers-tax-evasion/

Savings rates in Canada are much lower than they used to be. Are we losing our reputation as savers or are low rates punishing those who save? http://g-t-t.net/canadians-dont-save-like-used-good-reason/

Consumer Proposal vs Bankruptcy http://www.irasmithinc.com/bankruptcy... If you are experiencing the stress and pain of too much debt, this short video will ... https://www.youtube.com/watch?v=fdvnMNb7tlU

Bankruptcy rates rise in a neighbourhood when one homeowner gets a sudden surge of money, University of Alberta research shows http://g-t-t.net/true-cost-keeping-joneses/

Loan Scams Canada: Beware of the up front fee scam http://www.irasmithinc.com We have warned previously of various telephone scams, and now, we want to warn ... https://www.youtube.com/watch?v=1_0du6va-YQ

 Haven’t you already written on the loan scams Canada topic? Yes, we have previously advised you of various loan scams Canada in our previous blogs and vlogs: CREDIT REPAIR TORONTO: HOW TO USE IT TO NOT RUIN YOUR LIFE ARE YOU UP ON THE LATEST PHISHING SCAMS? YOU SHOULD BE! #VIDEO: CRA PHONE SCAM: IF YOU WATCH ONLY 1 VIDEO WATCH THIS ONE! # CANADA REVENUE AGENCY SCAMS: IF YOU READ ONE ARTICLE, READ THIS ONE DISASTER RELIEF SCAMS BY THE NUMBERS VAUGHAN DEBT COUNSELLING ADVISES BEWARE OF TAX SEASON SCAMS SENIOR FINANCIAL ABUSE; SENIOR CITIZEN MONEY SCAMS BEWARE OF PHISHING AND SPEAR PHISHING SCAMS Aren’t you being an alarmist warning of so many loan scams Canada? Some people might think so, but the reality is that there are scammers dreaming up new scams and twists on old ones as you read this and watch our video.  The one today our video focuses on is the up-front application fee loan scam. Just to prove we are not being alarmists, there was a report in the Toronto Star published http://...

Easy money has allowed Canadians to become addicted to spending what we don’t have. We’re about to pay the consequences http://g-t-t.net/get-out-of-debt/

Loan Scams Canada: Beware of the up front fee scam http://www.irasmithinc.com We have warned previously of various telephone scams, and now, we want to warn ... https://www.youtube.com/watch?v=YXN5qYzaNsY

Loan Scams Canada: Beware of the up front fee scam http://www.irasmithinc.com We have warned previously of various telephone scams, and now, we want to warn ... https://www.youtube.com/watch?v=dBxtXJJ1mBY

Bankruptcy Judge Reveals How Much Money 50 Cent Really Has http://g-t-t.net/bankruptcy-judge-reveals-much-money-50-cent-really/

Last week we discussed apps that can help you budget. As we’re now moving away from the “cash age” to the “app age” we’d like to explore the use of digital wallets and whether they’ll help you budget or blow the budget. Bankruptcy experts define what a digital wallet is A digital wallet is the equivalent of the physical wallet you have on your desk or in your pocket or your purse. A digital wallet refers to an electronic device that allows an individual to make electronic commerce transactions. This can include purchasing items on-line with a computer or using a smartphone to purchase something at a store. An individual s bank account can also be linked to the digital wallet. There are two types of digital wallets: Smartphone app for making financial transactions in a retail store such as the Starbucks app Desktop app for making credit card purchases online such as PayPal Our list of the 4 most popular digital wallets PayPal: One of the most popular and trusted digital w http://www.ira...

DAVID CASSIDY PARTRIDGE FAMILY TOUR BETTER START SOON http://www.irasmithinc.com If you’re struggling to support a lifestyle you can no longer afford, take i... https://www.youtube.com/watch?v=hyNoKRiT6XA

Consumer bankruptcy rates in Alberta are climbing steadily, but the number of people making consumer proposals in a desperate bid to avoid bankrupcy is rising even more quickly, an economist says. http://g-t-t.net/avoid-bankruptcy/

Gambling and consumer proposals ontario http://www.irasmithinc.com If your debts have arisen because of gambling or different addictions, and you may now not... https://www.youtube.com/watch?v=MkVTDk8uEC4