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 […]
Rebuilding Your Credit Using Secured Credit
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 […]
Budgeting Like a Pro: Three Free Tools to Help You Manage Your Budget
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 […]
Filing Bankruptcy and Owning a Home: What Comes Next?
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. […]
How Bankruptcy in Canada Works for Debtors and Creditors
Individuals facing debt issues beyond their capability to repay them need to understand what alternatives are available to them as soon as possible. Assuming getting extra income and paying down debts owed has not worked so far, talking to a federally appointed Trustee about rights and obligations to repay may be a saving grace. Bankruptcy […]
How Debt Becomes a Cycle (& How You Can Get Out of It)
The burden of debt can become crushing. It can be so difficult to relax and enjoy life, even for a moment, when your mind is constantly focused on how much you owe and how much it limits your options. It can sometimes feel like you will never manage to crawl out of the financial pit, […]
AC Waring & Associates Featured in The Star
Here at A. C. Waring we were very pleased to announce that “The Star” news publication featured us in an article on January 4th, 2019. For your convenience, we have included a link to its original format here. A. C. Waring & Associates help with unmanageable debt If creditors are calling, or you’re facing mortgage […]
Debt Help for the Self-Employed
Avoid Small Business Bankruptcy with Debt-Help® for the Self-Employed Assistance from Licensed Insolvency Trustees in Edmonton Many self-employed small business owners will go into business to feed their passion. For many, making money is only a by-product of doing what they love. Whether it is building structures, baking cupcakes, or selling real estate, getting out […]
Why You Should Think Twice Before Using a Debt Consolidation Loan
Advice from Trusted Licensed Insolvency Trustees in Edmonton When faced with a mountain of debt, any type of help seems welcome. Scour the internet for options to help you get out of debt and suggestions like extreme couponing, eating beans and rice, or debt consolidation loans pop up. Not all tips are the same. Yes, […]
A Bankruptcy Overview – General Guidance
Bankruptcy. The term often brings feelings of humiliation to those in financial distress. It is a reminder that choices and circumstances have affected a person in such a way that they can no longer pay their debts. They may struggle to pay for everyday expenditures such as housing, food, and clothing. They may feel they […]