25 Aug Are Consumer Proposals a Good Option for You?

Posted at 05:28h in Blog by Derek L. Chase, CPA, CA, LIT

I had the distinct pleasure of attending the 2017 Annual CAIRP Conference in beautiful Kelowna, BC back in August. As we were in the winery-rich Okanagan, the organizers invited us to ‘sip and savour’ the knowledge and insights offered by our peers and industry experts. The conference was packed with panel...

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25 Aug Debt Relief – How Much Should It Cost?

Posted at 05:23h in Blog by Derek L. Chase, CPA, CA, LIT

Some people love to shop. Other people hate it. There is no doubt about it that we are not all the same which is a good thing. However, whether you are looking at buying a vehicle, toaster or a pair of jeans everyone should be asking how much does it...

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25 Aug Debt Consolidation – Where to Start?

Posted at 05:21h in Blog by Derek L. Chase, CPA, CA, LIT

When you were a kid, did you ever experience difficulty sleeping because you thought there was something, maybe a monster, under the bed or in the closet? Living with debt can produce a similar sense of unease and can create difficulties sleeping. When you make the decision to get some...

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25 Aug Canada Revenue Agency Has Frozen My Bank Account. What Do I Do?

Posted at 05:21h in Blog 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, after repeated phone calls and letters so you can't pretend this is a surprise. You may not have believed they'd...

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25 Aug How Will Filing for Bankruptcy Protection Affect My Job?

Posted at 05:20h in Blog by Derek L. Chase, CPA, CA, LIT

For many Canadians the idea of filing for personal bankruptcy is very foreign. Not knowing how the process will affect your day-to-day life and employment is just one of the many reasons that the term “bankruptcy” can be so intimidating. Thankfully, the Bankruptcy and Insolvency Act rules were designed to...

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25 Aug Help! I Have a Garnishee

Posted at 05:19h in Blog by Derek L. Chase, CPA, CA, LIT

What is a Garnishment & How did I Get One? Garnishments may occur if you stop paying your creditor and the creditor decides to take legal action. To take action, a creditor must get a Garnishment Order from the Court to present to your employer or financial institution to make payments...

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25 Aug A New Name for Insolvency Professionals

Posted at 05:18h in Blog by Derek L. Chase, CPA, CA, LIT

On December 2, 2015 the Office of the Superintendent of Bankruptcy made a big announcement; there will be formal change to the designation of insolvency professionals nationwide. As of April 1, 2016 the designation of “Trustee in Bankruptcy” or "Bankruptcy Trustee" will be replaced with “Licensed Insolvency Trustee.” This new...

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25 Aug The Common Misconceptions of Bankruptcy

Posted at 05:16h in Blog by Derek L. Chase, CPA, CA, LIT

Bankruptcy; this is the first thought for many individuals that are desperate to fix their financial situation. Although the majority of Canadian’s have heard the word “bankruptcy” before, many are unaware of what the bankruptcy process really entails. Because of this lack of information and these misconceptions haunting bankruptcy, we...

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25 Aug What is Surplus Income?

Posted at 05:13h in Blog by Derek L. Chase, CPA, CA, LIT

Surplus Income is perhaps a poorly worded phrase. Not many people would feel that they have surplus income, especially when dealing with debt. However, in the bankruptcy context, surplus income refers to a calculation that determines how much money per month a person should be paying into a bankruptcy for...

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