The Legal Implications of Debt in Canada
A.C. Waring & Associates Inc. Blog
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2d ago
Debt can be a tricky arena to navigate, especially with the complex legal implications attached to it in Canada. Whether you have recently found yourself in debt or you are trying to understand the legal landscape better, knowing the legal implications of debt can help you protect yourself.  Failure to repay your debts can lead ..read more
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How Alberta’s Bankruptcy Laws Work
A.C. Waring & Associates Inc. Blog
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2d ago
Many Albertans face financial hardships, and filing for bankruptcy can seem like a tempting solution. Understanding Alberta’s bankruptcy laws and the potential pros and cons involved can help you understand the process and determine whether it might be the right path for you. Bankruptcy is a legal process designed to offer relief to individuals who ..read more
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Filing for Bankruptcy: The Pros and Cons
A.C. Waring & Associates Inc. Blog
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2M ago
Dealing with overwhelming financial responsibilities can be a significant cause of stress and hardship. When you have significant debt and do not know where to turn, you may have considered bankruptcy. This is the legal proceeding where most, or all, of a person’s debts are dissolved with the help of a Licensed Insolvency Trustee, allowing ..read more
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When to Ask a Licensed Insolvency Trustee for Help
A.C. Waring & Associates Inc. Blog
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4M ago
Credit card debt, given their high interest rates, can quickly become a financial burden if not managed properly. Plus, other debt can pile up and cause your credit score to take a hit. For some, refinancing this situation, if left in arrears, becomes a major hurdle to overcome.  Seeking the help of a licensed insolvency ..read more
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How To Deal With Overwhelming Credit Card Debt
A.C. Waring & Associates Inc. Blog
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4M ago
Credit cards help cover costs in advance—they do not provide free money. They are a loan that requires repayment within the credit agency timelines, which many people can struggle with.   If you are struggling to pull yourself out of credit card debt, there are strategies you can use to take control of your situation, including ..read more
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What Is the Role of a Licensed Insolvency Trustee in Bankruptcy?
A.C. Waring & Associates Inc. Blog
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4M ago
Filing for bankruptcy is a serious decision that can affect your financial future. Wiping out your approved debts and beginning again with a blank slate may be the key to starting over with your credit. Bankruptcy is not a decision you should make on your own. Licensed insolvency trustees are invaluable resources to help you ..read more
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Bankruptcy vs. Consumer Proposal: What’s the difference?
A.C. Waring & Associates Inc. Blog
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4M ago
Reducing or getting out of debt altogether can be a difficult decision. Sometimes, it can feel like overcoming decision making inertia. Many people assume they must declare bankruptcy if their debt is too difficult to manage. However, bankruptcy is not your only option for relieving debt.  A consumer proposal may be the right solution for ..read more
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How Long After Bankruptcy Can I Get a Mortgage
A.C. Waring & Associates Inc. Blog
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4M ago
Many people are under the impression that bankruptcy ruins their future chances of getting a mortgage. While bankruptcy can certainly set plans back and requires that you work with a Licensed Insolvency Trustee (LIT), it can also provide a viable solution to your current debt problem. After you are discharged from bankruptcy, you may be ..read more
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What is a Licensed Insolvency Trustee?
A.C. Waring & Associates Inc. Blog
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4M ago
While some people know Licensed Insolvency Trustees (LIT) by their previous title, Trustee in Bankruptcy, LITs are dedicated professionals specializing in consumer and commercial insolvency in Canada. LITs are federally regulated professionals you can trust to provide advice, services, and solutions for your personal or business debt problems. With the help of experts, you can ..read more
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What Your Credit Score Actually Means
A.C. Waring & Associates Inc. Blog
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4M ago
Your credit score can be a significant factor when you are seeking a loan, mortgage, or even rental accommodation. Your credit score is essentially a rating of your creditworthiness. It is important to know how different types of debt can impact your credit score so you can responsibly manage it. A credit score is not ..read more
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