There are several myths surrounding the bankruptcy process that might make you hesitant about the process. If you’re experiencing financial difficulty, don’t let these myths stop you from getting advice from a Licensed Insolvency Trustee.

In BC, Consumer Protection BC is responsible for enforcing BC debt collection laws and for licensing third-party collectors. If you are getting calls from a collector, it is important to know your rights and responsibilities.

When you start falling behind on bill payments, creditors’ collection activity can become relentless. This is when you might consider borrowing to get out of debt, but it’s when you should be very careful.

As Credit Reports influence many aspects of our everyday lives, it is important to both understand how the credit bureaus work and how information affects your score.

There are several possible solutions to help manage rising debt levels – one of which is a Consumer Proposal. If your debts are less than $250,000 (not including your mortgage) and you have a stable source of income, a Consumer Proposal might be the right choice for you.

Social Media feeds are full of advertisements for debt advisors who promise to help relieve debt stress by eliminating a large percentage of your debt, but offer no information about how they are able to deliver on those promises or how you will be affected.

As interest rates and the cost of goods continue to rise, it has become more difficult to manage debt payments and put food on the table. Learn about some Financial New Year’s Resolutions that can help manage these issues.

As the Bank of Canada announces interest rate increases and the cost of goods start to rise, it becomes more and more difficult to manage debt. Here are some tips to prepare.

The holiday season shouldn’t be about financial stress! We’re sharing some key tips to help you keep your budget on track during the holiday season.

Achievement of specific financial goals can be very rewarding. Creating and maintaining a budget is the single most effective way to achieve those goals and help pay off debt. These are the main elements in successful budgeting.

As the beautiful spring weather draws our attention to more attractive outdoor activities, we encourage you to first spend a little bit of time conducting some Financial Spring Cleaning. 

If you have a significant tax debt it is critical that you seek advice promptly, as some actions that the CRA may take to protect themselves can be difficult to correct.

There are many factors to be considered when you are choosing a debt solution, so it is important to review all of these factors before making a decision. A Licensed Insolvency Trustee/Certified Debt Professional like the ones at Beverley & Associates can help you make an educated decision. Read on to learn more about what's discussed during a free, personalized consultation.

The sooner we start to include our children in financial discussions and activities, the sooner they will have an understanding of how the consumer system works. Involving them and working with them throughout their childhood will help to ensure they manage their debt effectively.

A small financial crisis can usually be managed with a strict budget, but a larger crisis may require the assistance of a professional. Be wary of companies or agencies that claim they can reduce or eliminate your debt. Remind yourself that if it sounds too good to be true, it probably is.

One of the best financial risk management strategies is an emergency fund. It can protect your financial stability and ensure your financial security. Emergency funds can prevent you from having to borrow to pay for an unexpected event.

Carrying debt is overwhelming, but it’s important to take the appropriate measures to ensure that you’re avoiding common mistakes when choosing a solution for your debt problems.