D. Thode & Associates Inc.

Holiday festivities are a joyful time for most as we gather with friends and family. Still, it can also be stressful, especially when juggling the extra costs.

When facing financial difficulties and considering the available options, one of the most popular choices is filing a consumer proposal.

This is one of the first questions we are asked when someone is considering bankruptcy or a consumer proposal to assist with their financial difficulties.

The Bank of Canada has been increasing interest rates since March of 2022, which is causing financial institutions to increase their prime rate of interest.

Did you receive the Canada Emergency Relief Benefit (CERB) and are now receiving a collection letter from the Canada Revenue Agency (CRA) to collect?

Licensed Insolvency Trustees are government-regulated professionals authorized to administer federally regulated debt relief options.

As the weather improves, so does our motivation to spring clean our homes and gardens. But what about your finances?

Canadians have been taught that when you incur debt you must pay it back, with interest, at all costs, even to the detriment of your family’s well-being.

A typical debtor is a person who is unable to repay their creditors in a timely fashion.

Many British Columbians are facing financial struggles due to increased living costs and reductions in their income, while trying to stay on top of their debts.

A consumer proposal is an offer to your creditors to settle debt with your creditors without any further interest and often at a significantly reduced amount.

Many Canadians find themselves in a position where they cannot pay their Extraordinary Tax Debt or income tax debt to Canada Revenue Agency.

The holiday season is one of joy and happiness most of the time, but it’s also a very expensive occasion.

A common question people have is whether or not filing for bankruptcy will affect their ability to get a job.

One of the most frequent questions we are asked is “What are your Fees?” The Trustee’s fees are just a small part of what bankruptcy could cost.

Anyone who has struggled with debt knows that it’s hard to pay off your creditors without finding money in the budget to make those payments.

A Consumer Proposal is a formal arrangement that is negotiated between an individual (the debtor) and their creditors, to settle outstanding debt obligations.

So, let’s have a conversation with our kids about it. Most families establish a budget to live on and it’s important to live within it.

You are not alone. However, there are things you can do to reduce that stress.

You might think that a trustee in bankruptcy would be anti-credit card. Not true! We wholly believe credit cards are a fact of life in the modern world.

The team at D. Thode and Associates Inc., are here to answer your questions about credit reports, consumer proposals, and bankruptcy.

There are many people who don’t realize that tax debts can be dealt with through the filing of a consumer proposal or a bankruptcy.

If you're facing financial challenges unable to pay your debts monthly or are only able to service your monthly payments we discuss these two options.

Canadians are in uncharted territory when it comes to handling their personal finances during this lengthy pandemic.

One of the toughest parts of being in debt is that it can often feel like you have no options. Debt can be overwhelming and we would like to help.

Bankruptcy can happen to anyone at any age when your world is challenged financially, as they have been the last several months with the Pandemic.

The truth is debt can happen to anyone. Nobody plans to have money troubles and not pay their bills, but life happens!

Your personal finances are just that – yours. Similarly, debts that are only in your name are yours.

A common question is the difference between debt consolidation and a consumer proposal. What are the benefits of each? When you should choose?

Unexpected bills or sudden unemployment can force almost anyone into an uncomfortable financial situation.

Many provinces are entering “Phase 3” of reopening their economies. We will explore the financial and emotional impacts of the lock down on you and your family.

Since the pandemic was declared thousands of British Columbians have lost their jobs and find themselves unable to make rent, mortgage, or credit card payments.

A New Year is the perfect opportunity to reassess your financial situation and see if there are any adjustments to be made.

This time of year can be tough on our pocketbook and finances, leaving us overwhelmed, juggling, and looking for help to figure out how to get some debt relief.

This week we discuss how to borrow money wisely having knowledge of what the cost of the borrowing is and whether or not it is for a good reason.

The more you know and understand your financial rights and responsibilities, the easier it is to avoid costly surprises and reach your financial goals.