It is a myth that you will lose all of your physical possessions by filing for bankruptcy. If your bankruptcy case is a no-asset case, you won’t have to give up any of your assets. At which point you might rather a bankruptcy over consumer proposal because you have less to lose.
When it comes to filing for bankruptcy, some debts are forgiven and some are not. It’s highly unlikely that your student loan debt will be forgiven. However, credit cards, medical bills, and personal loans can be discharged.
Bankruptcy is typically filed by those whose debts are more than 50% of their annual income and foresee difficulty paying it off in five years. Filing is not always the answer to your financial situation, so you’ll need to speak with a Toronto bankruptcy trustee such as Ted Michalos (from Hoyes Michalos) before making this serious decision.
Think you’re ready to find someone to help? Check out a map of bankruptcy trustees across Toronto:
Bankruptcy helps you get rid of:
Credit card debt
Old tax debts
Filing can help improve your credit score and alleviate stress from collection calls. Erased or discharged debt helps improve your credit score after filing for bankruptcy.
The credit bureau Equifax found that credit scores took a severe nose dive approximately 18 months before filing, but then the scores rose. When you file, you could also benefit from automatic stay, which causes all of the collection efforts to come to a grinding halt.
For more information about one of the firms from the map, here’s their exact address:
Hoyes, Michalos & Associates Inc.
8 King Street East
Suite 812 (8th floor)
The future holds so many uncertainties that are inevitable. It is every man’s concern to ensure that his needs and those of his loved ones are provided for now and in the years to come. Seeking financial protection from harm, loss and other events uncontrollable by man is prudent and practical. With the expertise of Cooperators ON, one can chose from all the insurance products that they offer for their client’s peace of mind.
Insurance is a monetary indemnification against damage and loss. It is an agreement between an insurance company and its client. The company is to grant the client financial coverage in the occurrence of harm or injury to persons and properties in exchange for premium payments at fixed intervals.
There are several types of insurance one can avail of and agents are always ready to guide and provide more information about these products. The Co-operators in Waterloo offer two types of life insurance, namely the Permanent Life and the Term Life insurance. These personal types of coverage are tailored for the varying demands of their clients and come in affordable payments.
Home is where the heart is and everything else that one has worked for through the years. At Waterloo, home insurance comes with excellent, round –the-clock customer assistance, discounts, expanded coverage, and easy payment alternatives and speedy claims. Interested purchasers can request for an assessment to help in their decision.
Tomorrow can hit with surprises, both good and bad. To be armed with the tools to fight back and rebuild is the way to live well. Life and home may be fleeting, but with insurance, one is able to enjoy both to the fullest.
Sorting out employee benefits is a daunting task even for a dedicated human relations professional. Dozens of insurance companies vie for the business of a larger companies, and there are hundreds of different plans to choose from. Corporations doing business in the United States have even more to worry about. The Affordable Care Act mandates a certain level of coverage, and the act also requires certain plans to be taxed. Outside of the United States, things like 401ks (RRSP’s in Canada), paid vacations and other items may be part of an employee package. Getting some business benefits help makes sense. There are too many things for one individual or even a team of individuals to sort out.
Most human resources professionals know that this is part of their job. It is often one of the more enjoyable portions of their job, since many companies make this department responsible for severe disciplinary actions. The HR department is often the first and last department an employee deals with. If the employee is lucky, the separation is voluntary or due to retirement. If he is unlucky, there is usually only one reason. He is reluctantly being let go, as certain lawyers or corporate executives might say when firing someone.
Are you grappling with the Ottawa human resources regulations and standards? Hiring a good HRM consultant is the first step to resolving your problems and putting your company on the industry’s best practices map.
Hiring the best HR consulting services is without a doubt a difficult task, especially for first timers. However, you can make this process easy and stress-free by following the following tips when selecting an Ottawa HR consulting service. However, the list below is not limited and may include other factors that may be important to your specific business.
Experience: The experience of the consultant you want to hire is very important. Of course, not all providers have the same amount of experience. Suffice to say, one HR consultant may be well vast in a specific niche and not the other. Therefore, find out if the provider has provides similar services to other players in your industry.
Referrals: It goes without saying that experience will translate to many happy customers while lack of it will be eminently discovered from customer complaints and dissatisfaction. Get as many referrals as possible to be sure that you are working with a human resource consulting firm which has the right combination of skill and experience.
Statutory and Requirements: Does the firm you are interviewing for consideration have the necessary requirement? It should be licensed under the Ottawa business laws and regulations. Being a member of an accredited professional association is a welcome qualification as this shows your provider is trusted and reputed. These among other considerations can help you hire someone who will not only help you create a sound HR department, but also justify your expenditure.