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Debt Help, News & Financial Advice Blog for Edmonton and Central/Northern Alberta Residents

Information is your greatest asset in becoming debt-free. On these blog pages, you will find general information to help you understand unfamiliar terms and learn more about the options that may be available to you. You should schedule a personal consultation with an A.C. Waring & Associates trustee or counsellor for information regarding your specific circumstances. We hope you find the following pages helpful and reassuring. Know that however desperate you may feel with the pressure of mounting debts, we are ready to help you regain your financial footing.

Rebuilding Your Credit Using Secured Credit


Tuesday, August 27, 2019 A.C. Waring

After bankruptcy or prolonged debt, it can be difficult to know where to start when rebuilding your credit. When filing for bankruptcy, your Trustee can advise you on ways to rebuild your credit and maintain a solvent budget. Bankruptcy or not, overloading your credit cards and not making minimum payments will certainly crash your credit

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Budgeting Like a Pro: Three Free Tools to Help You Manage Your Budget


Tuesday, August 27, 2019 A.C. Waring

Proper budgeting is one of the best ways to help manage your money and handle your debt. A budget can help you track your spending and prepare for emergency expenses or loss of income. While there are many basic ways to budget like using a notebook or spreadsheet, there are also a few digital tools

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Protected Assets & Bankruptcy: What You Need to Know


Wednesday, August 7, 2019 A.C. Waring

What Are Bankruptcy Exemptions? There is an understanding that despite filing for bankruptcy, you will still need certain belongings in order to work, maintain dignity, and rebuild your financial standing. These assets are protected during bankruptcy as bankruptcy exemptions.  Bankruptcy exemptions are assets that will not be seized by your Licensed Insolvency Trustee during the

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What Happens to Your Car Loans During the Bankruptcy Process?


Wednesday, August 7, 2019 A.C. Waring

Car loans and other secured debts are handled differently from conventional debts during the bankruptcy process. We’re here to help you understand how unsecured debts will be affected by filing for bankruptcy and whether or not you will be able to keep your vehicle. Bankruptcy Exemptions Every province has different amounts they allow for each

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Filing Bankruptcy and Owning a Home: What Comes Next?


Friday, June 7, 2019 A.C. Waring

During the bankruptcy process, some of your assets may be vested with your Licensed Insolvency Trustee (LIT). Your Trustee will deal with those assets as required. In Alberta, some assets are exempt from the bankruptcy process. Your Trustee will advise you of these. One item includes up to $40,000 in equity in your primary residence.

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