D. Thode & Associates Inc.

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.

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.

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.

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

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.

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

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.

Whether your aim is to pay off your credit card debt, save for retirement, or work on another money goal, learning how to set financial goals is important.

Each week we will have a new topic for Financial LIteracy Month, and this week it is about Starting a Budget which can sometimes feel overwhelming.

Debt relief could involve wiping the debt out altogether in bankruptcy; getting changes in your interest rate or payment schedule to lower your payments.

Many Canadian carry some debt while doing their best to pay their bills on time and wish there was a little more cash in the bank at the end of the month.

If you are struggling with overwhelming debt, your path to financial freedom starts with a FREE consultation with D. Thode & Associates.

More than half of Canadians live paycheque to paycheque and more than a third have no retirement savings.

When you have high interest loans, credit cards or lines of credit you may find that you have little or nothing left after making your minimum monthly payments.

It’s never too early to start saving. With that in mind, here are some tips and strategies to help you build your holiday shopping nest egg.

Owning a home is the number one financial goal for many Canadians and many Canadians have a large amount of debt.

LITs are the only professionals able to administer the options legislated by the Bankruptcy and Insolvency Act which include Bankruptcy and Consumer Proposals.

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.

When people find themselves juggling monthly payments to various credit cards, loans and lines of credit, the first thing that comes to mind is consolidation.

Most people don’t think about all the small monthly bills in their life, but they add up! Spending time reviewing your bills could easily save hundreds a year!

From a financial institution’s point of view, if your housing costs, debt servicing and taxes exceed 42% of your gross earnings, you have too much debt.

Some people find that setting a budget, and then putting aside money in separate expense envelopes is a great way to control spending.

Even on a budget you can escape from the hustle and bustle and enjoy some of these wonderful places in and around Kelowna.