http://www.bankruptcykitchener.org Information about personal bankruptcy in Kitchener, Ontario, Canada Wed, 03 Mar 2010 18:24:26 +0000 http://backend.userland.com/rss092 en [caption id="attachment_330" align="alignright" width="300" caption="Scott Schaefer, BA CA CIRP"][/caption]Statistics Canada released the bankruptcy and consumer proposal rates today and Kitchener Waterloo was hit harder than the Ontario and Canadian averages. 2009 was a year marked by the recession, the downturn in the automotive sector and financial crisis. These ... http://www.bankruptcykitchener.org/2010/03/03/2009-kitchener-bankruptcy-rates-one-of-the-highest-in-the-country/ [caption id="attachment_300" align="alignright" width="300" caption="Scott Schaefer"][/caption]One reason someone seeks assistance from my office, is that they have a creditor taking part of their pay cheque through a garnishment order. The garnishment is generally too much for that person to deal with and still be able to pay their living ... http://www.bankruptcykitchener.org/2010/02/24/garnishments-in-kitchener-waterloo/ [caption id="attachment_215" align="alignright" width="300" caption="Scott Schaefer on Ask the Expert on 570 News"][/caption]My associate Ian Martin and I spent the noon hour this past Saturday on the Ask the Expert show on 570 News. During the show we discussed market trends, the significant increase in insolvency filings, and how ... http://www.bankruptcykitchener.org/2010/02/15/informing-the-kitchener-waterloo-community-of-their-options/ [caption id="attachment_287" align="alignright" width="204" caption="Scott Schaefer, CA CIRP"][/caption]There is a very simple budgeting system that has been around for a long time, but today, with the use of credit, this system is used less every day. This is a system of understanding our “needs” and our “wants”. After ... http://www.bankruptcykitchener.org/2010/01/18/how-much-do-we-have-to-spend-understanding-needs-and-wants/ [caption id="attachment_185" align="alignright" width="300" caption="Scott Schaefer, CA CIRP"][/caption]As New Year’s is upon us again, it is time to look into 2010 and make our resolutions. If one of those resolutions is to get your finances in order, then let’s discuss some of the steps you need to take. ... http://www.bankruptcykitchener.org/2009/12/30/making-a-financial-plan-for-2010/ Based on the statistics that the government released last Friday, personal bankruptcies in Kitchener-Waterloo increased 60% for the 3rd quarter (July – September) in 2009 over 2008. This is a significant increase when you consider the Canadian average was an increase of 47%. Even for consumer proposal filings ... http://www.bankruptcykitchener.org/2009/11/24/personal-bankruptcies-in-kitchener-waterloo-hit-a-60-increase/ [caption id="attachment_185" align="alignleft" width="300" caption="Scott Schaefer, CA CIRP"][/caption]This Saturday, November 14th, Howard Hayes and I will be spending the hour between 12:00 and 1:00pm answering your questions live on air on the Ask the Expert Show on 570 News. If you have questions and want to hear them answered, ... http://www.bankruptcykitchener.org/2009/11/09/submit-your-questions-to-be-answered-on-ask-the-experts-on-570-news-in-kitchener/ [caption id="attachment_165" align="alignleft" width="150" caption="Scott Schaefer - Bankruptcy Trustee"][/caption]When someone files for personal bankruptcy, the amount they have to pay depends on the number of people in the family unit and how much income the family makes. This is called "surplus income". The concept of surplus income can ... http://www.bankruptcykitchener.org/2009/11/03/surplus-income-%e2%80%93-what-does-surplus-income-mean-to-someone-filing-personal-bankruptcy-in-kitchener/ Doug Hoyes and I aired on the hour long Ask the Experts show on 570 News in Kitchener. We discussed the options Personal Bankruptcy and Consumer Proposal for listeners in Kitchener area. We focused our discussion on the impact of the new rules that came into law on ... http://www.bankruptcykitchener.org/2009/10/26/information-for-residence-of-kitchener-waterloo/ Hoyes, Michalos & Associates Inc. has been helping the residents of Kitchener-Waterloo since we opened our doors on January 1, 1999. As a firm, our focus is on individuals and their families. We assist with helping develop a PLAN to deal with individuals or families debts. We ... http://www.bankruptcykitchener.org/2009/10/20/ask-the-experts/