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Showing posts from August, 2021

SAVING FOR AN EMERGENCY FUND: HEALTHY SIMPLE STEPS TO MAKE SURE YOU HAVE MONEY TO DEAL W1TH AN EMERGENCY EXPENSE

saving for an emergency fund We hope that you and your family are safe, healthy and secure during this COVID-19 pandemic. Ira Smith Trustee & Receiver Inc.  is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting. If you would prefer to listen to an audio version of this Brandon Blog, please scroll to the very bottom and click play on the podcast. Do I really need to be saving for an emergency fund? Saving for an emergency fund is important for safeguarding your family’s financial future. When an emergency occurs, what happens if you haven’t saved some money in advance? Should you use all your money to pay down debts or should something be set aside for a rainy day? With the COVID-19 pandemic , we have learned that you never know when and how you might be affected by a health issue. There are times when people need to tap into their rainy day fund because of a financial emergency .  There...

Saving For An Emergency Fund

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LOWEST CREDIT SCORES RATING: THESE CANAD1ANS LED GIGANTIC CREDIT CARD DEBT REPAYMENT

We hope that you and your family are safe, healthy and secure during this COVID-19 pandemic. Ira Smith Trustee & Receiver Inc.  is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting. Canadians with the lowest credit scores rating led a wave of pandemic credit card debt repayment Statistics Canada reported on August 23, 2021, that Canadians with the lowest credit scores rating repaid the most credit card debt in the first year of the pandemic.  Over the period of the pandemic to January 2021, the mortgage debt of Canadian households increased by a record amount of $99.6 billion, driven by rising home prices, especially for single-family houses. Over the same period, non-mortgage debt fell by a record $20.6 billion, mainly due to a $16.6 billion decline in credit card debt . In this Brandon Blog, I look at the area of people with credit scores rating and discuss how and why these low...

Lowest Credit Scores Rating Canadians Led Credit Card Debt Repayment

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A BANKRUPTCY DISCHARGED IS THE KEY TO HEARTWARMING DEBT ELIMINAT1ON

bankruptcy discharged We hope that you and your family are safe, healthy and secure during this COVID-19 pandemic. Ira Smith Trustee & Receiver Inc.  is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting. If you would like to listen to the audio version of this Brandon Blog, please scroll to the very bottom and click play on the podcast. Your Bankruptcy Discharged – But Wait Well, that took no time at all.  Last week I told you about a bankruptcy discharge hearing I attended where the bankrupt person had his bankruptcy discharged by the Master in the Ontario Superior Court of Justice In Bankruptcy and Insolvency. The Master’s decision was released on August 13, 2021.  On August 20, 2021, we received the Notice of Motion of the opposing creditor appealing the Master’s decision to give this person his discharge from bankruptcy .  That is their right. In this Brandon Blog, I w...

A Bankruptcy Discharged Is The Key To Heartwarming Debt Elimination

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WHAT DOES RECEIVERSHIP MEAN FOR 1 BETTER GUARANTOR BANKRUPTCY DISCHARGE

We hope that you and your family are safe, healthy and secure during this COVID-19 pandemic. Ira Smith Trustee & Receiver Inc.  is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting. what does receivership mean  What does receivership mean:  Receivership is for secured claims What does receivership mean?   A receivership is an enforcement proceeding that helps secured creditors recover secured debts on  debtor def aults on loan payments from troubled companies.  There are two types of receivers and receiverships:  Privately-appointed receivers and court-appointed receivers . As you can tell from the title of this Brandon Blog, I am not going to be writing about receiverships.  You can take a look at my April 14, 2021, Brandon Blog titled “ WHAT IS A RECEIVERSHIP? OUR COMPLETE GUIDE TO RECEIVERSHIP SOLUTIONS ” to read all about what receiverships are. What ...