Derek L Chase & Associates Ltd.
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 change our life. One important way, if you are in debt, is to find life-changing Canadian debt relief. The self-help section...
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 finances by declaring bankruptcy. While these decisions are not easy ones, you have likely put a lot of thought into it...
Often when we meet with people the question comes up about how their credit score will be impacted. A justifiable concern. If you are in a position where you are missing payments, or had a vehicle repossessed, your credit score has already been roughed up. Choosing the government approved option of...
In recent months, more companies than ever are facing financial difficulty. Insolvency filings have increased in both the oil and gas industry as well as retail. Companies, such as Reitmans, have had to seek protection from their creditors to avoid bankruptcy. When companies or individuals are faced with aggressive creditors,...
Have you ever gone to apply for a loan only to find that you’ve been denied because of a negative report on your credit score? What if this happened and it wasn’t your fault, but rather was due to an error by credit reporting agencies. You might not think this is...
Payday loans can be placed in the category of too good to be true. It is easy to find a lender, they are fast to get, and it is easy to qualify. A casual search on the internet reveals a surprising amount of different places where you can get a payday...
Your financial institution has sent you a letter stating that they are taking legal action to foreclose on your home. What should you expect? Foreclosures occur when homeowners are unable to pay back the lender of their mortgage, whether it be a financial institution, bank, or credit union. The institution who...
Accumulating too much debt typically does not happen overnight. It is more often a gradual process that builds up over many months and even years. As you go along making minimum payments everything appears to be just fine and life is good. However, if making those minimum debt payments is...
The majority of Licensed Insolvency Trustees across Canada have an accounting background and many, such as our office, are Chartered Professional Accountants (CPAs). That means we like numbers and have a keen eye for how changing numbers can make an impact on your bottom line. We are also trained and...
There are no shortage of ways that you can end up owing taxes to Canada Revenue Agency (formerly Revenue Canada) and there are several different types of taxes that you can owe. Over the years, we have seen people get into tax debt mostly because they are self-employed. However, there are...