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Understanding a Consumer Proposal

Understanding a Consumer Proposal

Does a consumer proposal sound like it might work for you? Contact us today to learn more. With the recent headlines of 46% of Canadians being less than $200 away from financial insolvency, we thought today we would write about consumer proposals.  More...

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Budgeting made simple with Mint

Budgeting made simple with Mint

Last post we looked at Flipp, a handy grocery shopping app that lets you price match with ease.  This week, we are going to look at another app that can help you save money, and stay on budget every month.  Having a budget is a great way to track your...

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Let’s feed our bellies and not our debt!

Let’s feed our bellies and not our debt!

Today’s post is about something we all need to do quite often… Grocery Shop! We have a suggestion for a handy app that can make your shopping easy breezy, and some recommended stores to keep your bill as low as possible through price matching. Let’s feed our bellies...

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Budgeting tips for the Holiday Season

Budgeting tips for the Holiday Season

The holidays are a wonderful time of year to spend time with friends and family, however they can still create a lot of stress when it comes to managing our money. There are holiday parties to attend, holiday gifts to purchase, holiday cards to send out, and our...

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Financial literacy month and budgeting

Financial literacy month and budgeting

It’s November, which means, here in Canada, its financial literacy month.  Financial literacy is important and we at Doug Lee & Associates have a great post here for you on how to create a budget in six easy steps. Budgeting in a bankruptcy or consumer proposal is...

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What duties are required during the bankruptcy process?

What duties are required during the bankruptcy process?

Personal bankruptcy laws in Canada are governed by the Bankruptcy & Insolvency Act.  Failure to complete your duties will delay your bankruptcy discharge so it is important you understand fully your requirements once you declare bankruptcy. Duties at the start of...

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How do I correct an error on my credit report?

How do I correct an error on my credit report?

It is important that you request a copy of your credit report from the two credit-reporting agencies at least once a year to verify that your personal information is up to date, that your financial information is correct, and to ensure that you have not been the...

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What you can keep when filing for bankruptcy.

Bankruptcy provides an individual, who is overwhelmed with debt, the opportunity for a fresh financial start.   As part of the process, the individual is left with enough possessions to maintain their dignity and to assist them towards a fresh start.  The property...

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What happens if a family member dies – Can you inherit debt?

Typically when someone dies, their personal debt does not get passed on to surviving family members.  Their debt belongs to them and them alone; it is not passed on to their family members when they die. Normally, the person would have made a will in which an Executor...

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