I bought my house when prices were higher; I re-mortgaged to pay off some debts, but I still have debts; if I go bankrupt, will I lose my home?

October 6, 2008

Almost everybody we meet with is concerned about losing their home. Whether or not this will happen depends a lot on the specific circumstances of your situation. When you meet with a bankruptcy trustee, they will determine if you have equity in your home and if you do, how much. The amount of equity you [...]

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Will my friends find out if I go bankrupt in Hamilton?

September 24, 2008

There is a stigma attached to having to file bankruptcy which makes people very nervous that their friends and co-workers will find out. If you file for bankruptcy in Hamilton, there is a possibility that your friends could find out if they went out searching for the information. Bankruptcy is a matter of public record, [...]

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I FEEL LIKE I AM WORKING HARDER FOR LESS PAY AND CAN’T GET AHEAD.

October 1, 2007

Many of us have heard a family member or friend complain that they feel like they are working harder for less pay.  I heard a review of an interesting report on the radio this morning that, if true, could lend some statistical support to this feeling.  In the fall of 2006, the Canadian Centre for [...]

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Children and Debt in Hamilton

September 17, 2007

On my way in to the office this morning, I had the opportunity to see a number of children boarding buses on their way to school.  Seeing the children made me think about the client I saw yesterday.  She and her husband had accumulated about $50,000.00 in credit card debt and loans over the last [...]

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‘Til Debt do us Part

September 3, 2007

Doug Hoyes, one of the founders and a Trustee at Hoyes Michalos & Associates recently taped an episode of a program called Til Debt do us Part that is set to air sometime this fall.  The title of this show got me to thinking about the impact that debt has on relationships, and I thought [...]

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