Tag Archives: consumer proposal

How do I get help to avoid the pitfalls of payday loans?

Everyday at Paddon + Yorke Inc. we encounter individuals caught in a vicious cycle known as “the payday loan”.  Although you may think it’s a fast and convenient way to get cash when you really need it; you could potentially

How to get more information on bankruptcy and consumer proposals?

If you would like some more information on how to handle your debt then read the following booklet published by Industry Canada called Dealing with Debt – A Consumer’s Guide.  The information is meant for individuals only and does not apply to corporations.  Here is a section on how to recognize the danger signals…

Formal Debt Settlements through a Bankruptcy Trustee in Ontario

Usually a debtor seeks out a licensed Administrator when they have exhausted all other avenues of dealing with their debt load. If you have tried at your local bank to consolidate your debt into one loan and have been denied. If you have attempted to approach your friends or family to obtain a short term […]

How do I stop a wage garnishee in Ontario?

Wages can be garnisheed when a creditor has successfully filed a claim against you in the Superior Court of Justice and obtained Judgment against you. There are certain creditors such as Canada Revenue Agency that have the power to garnishee income by legislation.

How to deal with collection agencies

What is a Collection Agency? A collection agency is a business that pursues payment of debts owed by individuals or businesses. Collection agencies are often paid a commission to collect a debt on behalf of a creditor. It is not unusual for a collection agency to purchase an outstanding account from a creditor and then […]