Crowe MacKay & Company Blog

From bankruptcy to tips on getting out of debt, Crowe MacKay & Company provides a wealth of information on debt and insolvency here on our blog. Check out our posts below for more!

  • Insolvency trustee in Vancouver British Columbia
    Are You a Good Candidate for Debt Consolidation?

    If your monthly debt payments are becoming difficult to manage, then you should consider debt consolidation as a possible solution. Consolidation can make debt easier to manage by combining all of your credit into one single loan. The loan will ideally have a lower interest rate and lower monthly payments than you pay on all of your debts separately. The licensed Vancouver insolvency trustees at Crowe MacKay & Company can help you figure out whether a debt consolidation loan is a good financial choice.

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  • Personal bankruptcy in Vancouver British Columbia
    What to Expect during Personal Bankruptcy

    When faced with serious financial trouble, personal bankruptcy is one of the options you can pursue to help deal with your debt. Consult with a Licensed Insolvency Trustee at Crowe MacKay & Company to review the best debt solution in Vancouver for you.

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  • Rights of a debtor
    Rights of a Debtor

    As a debtor you have rights. A creditor may not use threatening, profane, intimidating or coercive language. They may not threaten to publish your failure to pay. This is harassment and harassment is not ok! A creditor is only allowed to contact you Monday to Saturday between 7am and 9pm, on Sunday’s between 1pm and 5pm and never on a statutory holiday.

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  • Insolvency trustee in Vancouver
    How a Licensed Insolvency Trustee Can Help

    What is it an LIT?
    Licensed insolvency trustees are, in fact, the same roles previously referred to as trustees in bankruptcy. An estimated quarter of Canadians have relied on trustees or know someone who has when it comes to their financial trouble. A Vancouver insolvency trustee can help individuals in the area by explaining what their options are when facing debt, and reviewing what makes the most sense for their unique circumstances. Two of these options include filing for bankruptcy and filing a consumer proposal.

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  • How to prepare a budget
    How to Prepare a Budget

    Upon hearing the word “budget” most people begin to frown. This is not surprising as budgeting can be an overwhelming task for some people, but it does not have to be! Preparing a household budget can be simple and exciting. Do not place added pressure on yourself by detailing every tiny expense; rather focus on creating a plan that is reasonable and easy to follow.

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  • How to budget
    How to Stick to Your Budget

    So you have prepared a budget, what now? How can you make your budget work? Unfortunately there is no magic formula to making your budget work, rather you need to be diligent in keeping an eye on your daily expenditures and stick to your plan. How you track your expenses is a personal decision and depends on what works best for you.

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  • Pen writing credit report
    Understanding Your Credit Report

    Your credit rating is a collection of information such as your employment history, details on your bank accounts, outstanding debts, loan payments, and whether or not you have declared bankruptcy or filed a consumer proposal and been discharged.

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  • Business bankruptcy in Vancouver British Columbia
    10 Warning Signs Your Business is About to Face Bankruptcy

    Unfortunately, it is not uncommon as a business to experience financial hardship. But if you can identify problems early, seeking the help of a business bankruptcy trustee in Vancouver may certainly help you rectify them:

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  • Financial plan and tips in Vancouver British Columbia
    12 Personal Finance Tips to Help You Achieve Financial Freedom

    1. Make a plan

    Set reminders about when to pay bills to avoid risking late payment and high interest fees, ideally in order of which will rack up the most interest the longer you wait – usually your credit cards. Our Vancouver Licensed Insolvency Trustees can help.

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