Author's articles

Dealing with Debt Part 2 - Gambling Debt in Canada

By Michael Goldenberg · 12 years ago

Gambling debt in Canada is an epidemic not unlike the Flu. If you have a gambling debt in Canada, don't get down on yourself. Addiction is an illness and gambling is something that is highly ...

Debt to Income Ratio Crisis in Canada – How to Deal with Debt and Protect Your Assets

By Michael Goldenberg · 12 years ago

While the recession in Canada may have subsided, debt continues to cripple Canadians. So many Canadians struggle with debt for a myriad of different reasons. Many families who find themselves drowning in debt didn’t have ...

CRA Income Tax Debt and how it Affects Small Business Owners

By Michael Goldenberg · 12 years ago

It’s tough to be a small business owner. Many small business owners really struggle the first few years that they are in business. When trying to build up a business there can be times where ...

Debt Reductions Companies in Canada - Do Your Due Diligence

By Michael Mcelroy · 12 years ago

When making a big ticket purchase like a vehicle, you do your research right? You check the history of the vehicle, ensure it has not been in accidents, learn about the ownership, check the maintenance ...

Bill Collectors and the Collection Agencies Act - How to Stop Collection Calls

By Michael Goldenberg · 12 years ago

If you default on payments to creditors the first people you are likely to hear from are bill collectors. Bill collectors are collection agents who work for collection agencies. Having a debt in collections can ...

What is a Good Budget and What is a Debt Service Ratio?

By Michael Goldenberg · 12 years ago

The first step to building a positive financial future is to have a budget and to understand your debt service ratios. What is a debt service ratio? There are actually two kinds of debt service ...

Wage Garnishments in Canada - How to Stop a Garnishment on Your Wages

By Michael Goldenberg · 12 years ago

Thousands of Canadians have their wages garnished each year. In the past few years there have been more instances of individuals having their wages garnished because of the turbulent economy. Wage garnishments in Canada occur ...

What is a Trustee?

By Michael Goldenberg · 12 years ago

What is a trustee? A trustee is a person who holds property, authority, or a position of trust or responsibility for the benefit of another. In the case of an "estate trustee" the trustee could ...

What is a Consumer Proposal in Canada? Pro's and Con's

By Michael Goldenberg · 12 years ago

Individuals and businesses in Canada are very fortunate to have many options available to them should they run into financial problems. One option that many individuals and businesses with unmanageable debt choose is a consumer ...

Debt Consolidation Options in Ontario - We List the Different Types of Debt Consolidations

By Michael Goldenberg · 12 years ago

In Ontario, when consumers or businesses finds themselves in financial trouble there are a number of financial options available to help deal with their debt. In this article, we list the different types of debt ...

Why do Debt Counsellors Charge a Fee for Debt Help in Ontario?

By Michael Goldenberg · 12 years ago

Debt counsellors are not "not for profit" credit counselling agencies and are actually a form of financial consultant. This often gets misconstrued because credit counselling agencies promote debt help in Ontario; what is not known ...

What is a Bankruptcy Trustee in Ontario and What is Their Role in a Debt Restructuring?

By Michael Goldenberg · 12 years ago

A Bankruptcy Trustee in Ontario plays an important role when it comes to debt restructuring. Bankruptcy Trustees across Canada are appointed by the Superintendent of Bankruptcy to oversee bankruptcy and consumer proposal filings in Ontario. ...

Canada Revenue Agency Collections Policy has the Potential to Ruin Your Life

By Michael Goldenberg · 12 years ago

The Canada Revenue Agency has a very aggressive collection policy. Their mandate is to collect past due tax debts and they have what appears to be limitless authority to do so. This article will outline ...