Ambitious Adulting: Taking Control of Your Finances and Elevating Your Life. Posted on: June 18, 2020.
Raising Your Vibrational Frequencies and Changing Your Life with Dawn James. How to Create a Budget with Irregular Income. What We Can Do to Stay Safe and Healthy as COVID-19 Lockdown Eases. Posted on: May 21, 2020 Posted in Advice from Richard | Comments Off on What We Can Do to Stay Safe and Healthy as COVID-19 Lockdown Eases As Ontario and other provinces begin easing coronavirus lockdown restrictions, we’re adapting our lives to deal with the new changes the pandemic is having on our homes, schools, and work-places.
We have to accept life with the coronavirus, even though it will be pretty tough to balance normal daily life with quarantine efforts. Let’s be guided by advice from The World Health Organization: “We should be ready to change our behaviors for the foreseeable future,” they say. How To Rewrite Reality and Destroy Your Limiting Beliefs. Welcome to The Glass Is Half Full talk show.
Let’s face it, life can be tough in many ways. Here on The Glass Is Half Full, we focus on how life is tough financially. Dealing with these financial realities can be a challenge. Essentially, we have to find ways to do more with less, less money, that is. The show is focused on helping you discover ways to achieve that goal, even if you don’t have a lot of money to work with. Hi, I’m Richard Killen, welcome to another episode of The Glass Is Half Full, the show that tries to give you some ideas of how you can get a better bang for your buck, no matter how limited that buck might be.
Best and Worst Ways to Get Money Quickly in a COVID-19 Financial Crisis. Posted on: May 13, 2020 Posted in Advice from Richard, Finances, Financial Advice | Comments Off on Best and Worst Ways to Get Money Quickly in a COVID-19 Financial Crisis The coronavirus pandemic has already cost over a million Canadians their jobs, leaving many in a tight spot and wondering how to pay their bills.
Many were caught unprepared for the swift financial blow. Nearly 40 per cent of Canadians under the age of 55 who have lost their job have almost no capacity to pay for their bills without an income and have only one week or less of savings to cover emergency costs like food and rent, according to this Global News Ipsos poll. With many people filing unemployment claims since the pandemic lockdown, we’ve seen how cash is vital in these unprecedented times. The Canadian government has put out a full range of tools to support the flow of credit to households and businesses in response to the COVID-19 crisis.
How to Deal with Creditors during the Coronavirus Financial Crisis. Posted on: May 4, 2020 Posted in Advice from Richard, Credit, Creditor Negotiation, Financial Advice | Comments Off on How to Deal with Creditors during the Coronavirus Financial Crisis.
Rkillen html. Is Your Canada Emergency Response Benefit (CERB) Safe from Wage Garnishment. Posted on: April 24, 2020 Posted in Advice from Richard, Credit, Financial Advice | Comments Off on Is Your Canada Emergency Response Benefit (CERB) Safe from Wage Garnishment The Canadian government has created the COVID-19 Emergency Response Act in response to the COVID-19 global crisis.
Under this Act, workers all across Canada who have lost their income from the COVID-19 pandemic will receive financial support payments in the form of the Canada Emergency Response Benefit (CERB). In fact, as of this writing, CERB payments are now being released and many of our fellow Canadians are starting to see this in their bank accounts.
The CERB payments will provide $2,000 a month for up to four months. Under the Act, families with children will also be provided financial assistance of $300 increase per child only for the year 2019-2020 through the Canada Child Benefit (CCB), which will be given in the scheduled CCB payment in May. Above all, stay safe.
How to Restructure Your Finances in a Covid-19 Crisis. Posted on: April 29, 2020 Posted in Advice from Richard, Finances, Financial Advice | Comments Off on How to Restructure Your Finances in a Covid-19 Crisis The COVID-19 crisis continues and with the lockdown extended many businesses will continue to be closed and people will be out of work longer.
While many Canadians are fortunate to still be working, the threat of suddenly getting laid off from work looms for many as the future is still uncertain. Understandably, everyone is worried about their finances. No one can escape, one way or another we all feel the economic impact of COVID-19. What Debt Do You Pay First During a COVID-19 Financial Emergency? Posted on: April 14, 2020 Posted in Advice from Richard, Budgeting, Debt Counseling | Comments Off on What Debt Do You Pay First During a COVID-19 Financial Emergency?
The world has been brought almost to a stop as we focus on fighting the spread of the coronavirus. Throughout Canada, we see business after business shut down and hundreds of thousands of people laid off. Some closures may be temporary, for some it may be permanent as they may not be able to recover after the crisis has abated. While these closures may be necessary to deal with the virus, there are significant financial consequences to individuals and families. WHAT IS THE BANKRUPTCY PROCESS IN CANADA. People often ask “What is the bankruptcy process in Canada?
“If it is determined that a Debt Consolidation Loan is not possible, and an Informal Arrangement or Consumer Proposal cannot be made, the most responsible action to take is declaring Bankruptcy in Canada. The first step is the initial Assessment which determined the need for bankruptcy. This first step is critical in determining that this is the only viable alternative. The moment the papers are signed, your are immediately relieved from having to deal directly with your creditors. Consolidation Loans & Debt Consolidation in Toronto. Many individuals in Canada specifically GTA consider a consolidation loan or debt consolidation in Toronto as the first step to debt relief. However many people are hesitant to visit their current financial institutions such as a bank or credit union as they fear that it will look negatively on their credit.
In addition, if they have a mortgage or line of credit, they wonder if the inquiry will set off alarms and affect whether or not the financial institution will offer them a new mortgage when their current mortgage expires. The above especially hits home for people currently out of work or those self employed. How to Deal with Creditors during the Coronavirus Financial Crisis. 4 Money Mistakes You Need to Stop Doing Now. Posted on: April 20, 2020 Posted in Advice from Richard, Financial Advice | Comments Off on 4 Money Mistakes You Need to Stop Doing Now You may have made at least a few money mistakes in your life.
Maybe you didn’t shop around enough and made a wrong buying decision that cost you huge savings. Maybe you spend money so easily that sometimes you wonder where all your money went right after payday. Guide and Tips about Bankruptcies: Toronto Business Bankruptcy Alternatives for Your Small Business. Many small businesses are facing financial difficulties in these hard times, and many entrepreneurs only see bankruptcy as the only option they have to pursue relief from excessive levels of debt.
But that shouldn’t be the case as there are many Toronto business bankruptcy alternatives that are available for small business owners. Filing for business bankruptcy in Canada can be very complex. There can be personal implications that may affect your family, business partners and other people who are in one or the other connected to the company. Much of the bankruptcy process has a lot to do with the structure of your business and the types of creditors you have.
Partnerships and Sole Proprietorships If your small business is legally set up as a partnership or as a sole proprietorship it means that the business is structured in such a way that your personal assets and liabilities are not legally separated from the business. A New Name – Licensed Insolvency Trustee. Posted on: February 3, 2016 Posted in Bankruptcy, Debt Counseling, Uncategorized | Comments Off on A New Name – Licensed Insolvency Trustee The bankruptcy and proposal business is going to have a new player – at least it will appear that way. Since 1920 Trustees have had the title “Trustee in Bankruptcy”. Effective April 1st, 2016, Trustees are going to have a new name. Getting out of debt on your own. Posted on: August 27, 2019 Posted in Budgeting, Credit, Debt | Comments Off on Getting out of debt on your own Tax season is here. Like many Canadians you may discover that you now have a tax debt to add to your regular commercial debts: credit cards, loans, etc.
This can make it a very stressful time of year. Of course, if you are one of the lucky few who has minimal or no regular debts and have the means to pay what you owe in taxes, you have no problem. As nervous as all this might make you, keep your eye on the end target – being debt free. Understanding your credit rating. Licensed Insolvency Trustee Explains Consumer Proposals. Consolidation Loans Toronto - A Popular Debt Relief Option. Loan Consolidation Dealing with debt can be very difficult and stressful to cope with. In particular when you are dealing with credit card debt, the rising interest rate month after month can really make debt payments overwhelming as you struggle to figure out how you’re going to pay it back. This is why Consolidation Loans in Toronto have become the first option most people take for debt relief as it gives them a way to make repayments more manageable.
Consolidating debt does offer some convenience. Take the following advantages: It does seem to make everything simpler, doesn’t it? It can be difficult to obtain, especially if you don’t qualify for such loans. Consumer Proposals In Mississauga- What You Need To Know. Posted on: April 22, 2019. Toronto Debt Relief Services - Solutions to Get Out Of Debt. Consumer Proposal In Ontario: An Alternative To Bankruptcy. The Role of a Licensed Insolvency Trustee in Mississauga. Posted on: April 7, 2017 Posted in Bankruptcy, Consolidation Loans, Consumer Proposals, Debt, Finances, Financial Advice | Comments Off on The Role of a Licensed Insolvency Trustee in Mississauga. Debt Counselling Toronto - An Alternative Debt Relief. Consumer Proposal Toronto- Top Choice To Reduce Debt. Unsecured debts are not tied to any asset that you own, like your home or automobile. Student loans, which are also unsecured debts, can only be resolved by a consumer proposal if you have been out of school for seven years on the date you file the consumer proposal.
This means that if you have been out of school for 7 years and decide to include your student loans when you file for a consumer proposal, your student loan creditor can receive a share of the proceeds and the student loan amount will be automatically discharged after the payment period. Secured debts, like a car loan or home mortgage, cannot be included in a proposal. They are backed by an asset, like your car or your house. How will a Consumer Proposal impact my credit? Alternatives To Bankruptcy In The Greater Toronto Area. Personal Bankruptcy Toronto - A Fresh Financial Start.