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Know Your Options

A Trustee in Bankruptcy is a licensed professional specializing in debt just like a medical doctor is a licensed professional specializing in your health. After a doctor performs an examination they’re able to provide you with your options and recommend a course of action to solve your health problems. A Trustee in Bankruptcy does the same thing during your free initial consultation. He takes the time to understand the specifics of your financial situation while focusing on what you ...

Tips for Seniors & Senior Discounts

Certain businesses treat seniors with the respect they deserve by offering discounts based on life experience.  Welker and Company understands how meaningful the discounts listed below can be for seniors on fixed incomes, and encourages seniors to take advantage of them whenever possible. Drugstores When Amount Age Rexall Drugs Tuesdays 20% 65+ Shoppers Drug Mart Thursdays 20% 55+ Clothing Salvation Army Everyday 10% 60+ Value Village Tuesdays 20% 60+ Goodwill Mondays 20% 55+ The Bay First Tuesday 15% 60+ ...

Surplus Income

The Short Version Bankruptcy is geared to income just like some rent is geared to income; the more you earn, the more you pay.  You report your income on a monthly basis during your bankruptcy and your payments will be based on your actual average earnings.  Unusual bonuses or irregular income will be averaged. The Longer Version The government decides how much it costs for a family of 1 to 7 people to live on a monthly basis each ...

Rebuilding Your Credit

Making a consumer proposal or assignment in bankruptcy results in R7 or R9 credit ratings respectively. An R7 rating remains on your credit report for 3 years after completing your proposal while an R9 credit rating remains on your credit report for 6 years after receiving your discharge from bankruptcy. Your credit rating is based on your credit history and isn’t determined by any single event. Re-establishing a strong credit rating requires you to consistently make the required payments ...

Pay Cheque Planner

A pay cheque planning tool can help you plan your pay cheques so that all of your bills are paid on time. By listing all of your regular or fixed monthly bills first like rent, utilities, insurance, car payments, and child care, you can see what you have left for variable expenses like entertainment, clothing, and dining out. By using this tool you have a better chance of paying your bills on time, avoiding late fees and penalties, and ...

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