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CRA Has Frozen My Bank Account

18 Mar Canada Revenue Agency Has Frozen My Bank Account… What Do I Do?

Posted at 20:16h in Blog, Debt by Derek L. Chase, CPA, CA, LIT

Canada Revenue Agency (CRA) has a very heavy hand when it comes to collecting on income taxes which can include seizing your bank account. This is usually the last resort,...

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get ahead of your debt

02 Mar Three Ways to Get Ahead of Your Debt in 2021

Posted at 14:20h in Blog, Debt by Derek L. Chase, CPA, CA, LIT

It might be a surprising fact to learn that the world wants you to go into debt. Congratulations you are pre-approved! Buy now, don’t pay for a year! These are...

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Consumer Proposal Vs. Bankruptcy - Which is Best?

15 Feb Consumer Proposal vs Bankruptcy – Which Is Best?

Posted at 11:56h in Bankruptcy, Blog, Consumer Proposal by Derek L. Chase, CPA, CA, LIT

When someone contacts us to find a solution to their debt problems we are required to gain an understanding of their financial situation. We refer to this free and confidential...

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Tax Debt Help - What You Need to Know

29 Dec Tax Debt Help – What You Need to Know

Posted at 08:43h in Blog, Debt by Derek L. Chase, CPA, CA, LIT

When you owe an income tax debt to Canada Revenue Agency (CRA), affectionately known as Her Majesty the Queen, there are some important things that you need to know. It...

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What Happens to My House If I Declare Bankruptcy

21 Dec What Happens to My House If I Declare Bankruptcy?

Posted at 01:40h in Bankruptcy, Blog by Derek L. Chase, CPA, CA, LIT

If you are having money troubles and find it difficult to pay your credit card debts, line of credit, car loans, AND mortgage you are not alone. Homeownership is expensive....

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Will anyone know if I declare bankruptcy?

04 Dec Will Anyone Know If I Declare Bankruptcy?

Posted at 22:07h in Bankruptcy, Blog by Derek L. Chase, CPA, CA, LIT

In our role as Licensed Insolvency Trustees, we meet with lots of people. More than you might think. On several occasions, a comment has been made about how difficult it...

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cost to file bankruptcy

24 Nov How Much Does It Cost to Declare Bankruptcy?

Posted at 07:23h in Bankruptcy, Blog by Derek L. Chase, CPA, CA, LIT

You might be surprised to learn that there is a cost to file for bankruptcy. This may seem illogical because if you had money you would likely just pay your...

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family lending

10 Nov The Pitfalls of Lending Money to Family

Posted at 20:28h in Blog, Debt by Derek L. Chase, CPA, CA, LIT

With insolvency proceedings rapidly rising across the country and thousands of Canadians still out of work, we are facing challenging economic times. During times like these many individuals begin to...

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canadian debt relief

22 Sep Life Changing Canadian Debt Relief

Posted at 10:07h in Blog, Debt by Derek L. Chase, CPA, CA, LIT

The pathway through life has many ups and downs and can have numerous potholes to avoid. Often, as we journey, the question comes to mind about how we could possibly...

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declare bankruptcy now or later

18 Sep Should I Declare Bankruptcy Now or Later?

Posted at 17:42h in Bankruptcy, Blog by Derek L. Chase, CPA, CA, LIT

Sometimes in life, there are things that you just know that you have to do. For example, changing jobs, moving to a new location, changing relationships, and possibly changing your...

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