by Rebecca Frederick | Mar 20, 2023 | Debt Management
Most people know what debt is, but not everyone understands what kind of debt they have and if this debt is helpful or a hindrance to their financial goals. Frederick & Company is here to give you the knowledge and advice you need to effectively manage your debts...
by Rebecca Frederick | Dec 22, 2022 | Bankruptcy, Consumer Proposals, Debt Management, How to Get Out of Debt
One of the last options creditors will employ to recovery unpaid unsecured debts is a writ of enforcement which can put the equity in your assets in jeopardy. In this blog we explore writs and how they work, how they work in a bankruptcy and proposal, and the...
by Rebecca Frederick | Nov 24, 2022 | Consolidation Loans, Debt Consolidation Canada, Debt Management, Joint Debt, Orderly Payment of Debt
What is Joint Debt? Joint debts are liabilities where the obligation for paying the debt falls on more than one party. A person can become joint on a debt when they share ownership of an asset – for example joint on a mortgage that is co-owned – when lenders can...
by Rebecca Frederick | Nov 9, 2022 | Consumer Proposals, Debt Management, How to Get Out of Debt
When you are facing financial hardship, there are options to help you tackle your debt and work toward financial freedom. A Licensed Insolvency Trustee (LIT) can offer various solutions, including division I and division II Proposals. A consumer proposal and a...
by Rebecca Frederick | Jul 22, 2022 | Consumer Proposals, Debt Management, How to Get Out of Debt
Falling behind with Canada Revenue Agency (“CRA”) can be daunting. If you have become used to living off your gross – pre-tax – income it can be a major adjust to reduce your take-home income and start accounting for the income taxes you should...
by Rebecca Frederick | Jun 21, 2022 | Debt Management, How to Get Out of Debt
Do you feel like you’re living to pay down debt? Do the interest costs make it feel like you’ll never pay it off? When you’ve reached this point, it can be difficult to empower yourself to find the best solution that suits your unique financial needs. Fortunately,...
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