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Showing posts from May, 2022

DEBT AND UNPOPULAR INTEREST RATE HIKES, HOW IS THE ECONOMY FARING?

What is the definition of debt? Debt is the money that a person or company owes to others.  That is the simplistic definition.  It is really one of life’s most stressful parts. Some people grow up in debt . For them, it’s just part of their lives, and they can make it work. Others live from paycheque to paycheque and save little to nothing. For them, it is crippling and can consume their lives, making their existence a daily struggle. For others, it is a parasite, feeding on their mind and their body. It can destroy their life, pulling them down and limiting their options and choices. Consumer debt and household debt come from a number of places. Some source of debt is from emergency situations, and some of it is from buying expensive things but useful and worth the cost. That is how people have viewed real estate over the last decade, especially during the unprecedented pandemic.  However, I also see some situations where high levels are just from bad decisions. ...

Debt And Unpopular Interest Rate Hikes, How Is The Economy Faring?

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Debt And Unpopular Interest Rate Hikes, How Is The Economy Faring?

Debt And Unpopular Interest Rate Hikes, How Is The Economy Faring? Ira Smith Trustee & Receiver Inc. 167 Applewood Crescent #6, Concord, ON L4K 4K7 (647) 799-3312 VISIT THIS SITE: https://www.irasmithinc.com/blog/debt-2022/ ------------------------------------------------------------------------- https://g.page/r/CRwOSnQuOt5_EAE -------------------------------------------------------------------------- In this Brandon's Blog, I look at how interest rate hikes, higher household debt and more business bankruptcies are what the Canadian economy is all about right now. CLICK ON THIS LINK: https://www.irasmithinc.com/blog/debt-2022/ -------------------------------------------------------------------------------

CORPORATE BANKRUPTCY FAQ: USE OUR HACK TO SOLVE YOUR CHALLENGING INSOLVENT COMPANY ISSUES

Corporate bankruptcy : An overview Corporate bankruptcy is a legal process by which businesses can reorganize their financial affairs or liquidate their assets. Although bankruptcy can be complicated and stressful, it can provide businesses with a fresh start. When it does happen, the corporate bankruptcy process can be complicated. Insolvency can take a toll on your company’s employees, customers, and shareholders. A solid understanding of corporate bankruptcy can help you properly restructure and reorganize your company using an insolvency process without killing your business. Last week, I gave my best FAQ answers to common questions about personal bankruptcy services .  A business partnership or sole proprietorship means that the individual(s) operate the business in their personal name.  Answers about business bankruptcies for those forms of business would fall under the personal bankruptcy process that was covered in last week’s personal bankruptcy FAQ blog. When...

Corporate Bankruptcy FAQ: Use Our Answers To Successfully Restructure Your Company

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Corporate Bankruptcy FAQ: Use Our Answers To Successfully Restructure Y...

Corporate Bankruptcy FAQ:  Use Our Answers To Successfully Restructure Your Company Ira Smith Trustee & Receiver Inc. 167 Applewood Crescent #6, Concord, ON L4K 4K7 (647) 799-3312 VISIT THIS SITE: https://www.irasmithinc.com/blog/corporate-bankruptcy-faq/ ------------------------------------------------------------------------- https://g.page/r/CRwOSnQuOt5_EAE -------------------------------------------------------------------------- In this Brandon's Blog, I answer the most frequently asked questions about the corporate bankruptcy process. CLICK ON THIS LINK: https://www.irasmithinc.com/blog/corporate-bankruptcy-faq/ -------------------------------------------------------------------------------

BEYOND BANKRUPTCY SERVICES: OUR BEST PERSONAL INSOLVENCY FAQ 2 JUMPSTART YOUR FINANCIAL LIFE

Bankruptcy services and FAQ information Bankruptcy is a last resort for Canadian individuals, entrepreneurs and companies looking for a debt solution. However, bankruptcy services are just one of the available options we canvass with you to provide the opportunity to rebuild your financial affairs and your life. I help people and senior company management understand bankruptcy and the other options available to rebuild their life. Frankly, bankruptcy is always the last option and hopefully in most cases, can be avoided. In this Brandon’s Blog, I provide my best FAQ answers to common questions about personal bankruptcy services . The answers below will contain all the information you need to know.  So here we go.  In the future Brandon’s Blogs, I will talk about corporate bankruptcy service s in addition to personal and corporate restructuring as alternatives to bankruptcy services . Bankruptcy services:  Who files for bankruptcy and why? Many people who are conside...

Bankruptcy Services Canada - Understand The Canadian Bankruptcy Process

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Bankruptcy Services Canada - Understand The Canadian Bankruptcy Process

Bankruptcy Services Canada - Understand The Canadian Bankruptcy Process Ira Smith Trustee & Receiver Inc. 167 Applewood Crescent #6, Concord, ON L4K 4K7 (647) 799-3312 VISIT THIS SITE: https://www.irasmithinc.com/blog/bankruptcy-services/ ------------------------------------------------------------------------- https://g.page/r/CRwOSnQuOt5_EAE -------------------------------------------------------------------------- I explore what happens with a successful legal proceeding leading to judgment and what happens if the judgment debtor files for bankruptcy? CLICK ON THIS LINK: https://www.irasmithinc.com/blog/bankruptcy-services/ -------------------------------------------------------------------------------

LEGAL PROCEEDING JUDGMENT LIEN: 2 KINDS OF JUDGMENT LIENS WITH HUGELY DIFFERENT RESULTS IN BANKRUPTCY

Legal proceeding:   What are some things I can do if someone owes me money and refuses to pay? In Canada, there are several options in what you can do when someone owes you money and you do not hold any security against any of their property. First, a person or company should obviously make one or more demands on the party that owes them the money before starting any legal proceeding . If that proves to be unsuccessful, your next steps will probably be governed by how that creditor reacted to your demand.  Did they just ignore you or did they put up either a false or somewhat valid dispute to your claim? One possible next step is that you can retain a lawyer to make a demand to collect the money owed.   If those initial efforts to collect payment prove unsuccessful, your lawyer can begin a legal proceeding against the person or company you believe owes you the money. If your legal action is successful in proving your case in court, you will receive a judgment aga...