Wondering how bankruptcy works in Canada? Many people think you need a lawyer to help you go bankrupt but that is not true. In Canada, you need the help of a Licensed Insolvency Trustee like Vine and Williams (an LIT).

Are you struggling with debt or you work in a job that has been severely impacted by repeated and lengthy Covid shutdowns? Are you looking for ways to deal with your credit card and other debts?

If you owe money to Canada Revenue Agency (CRA) they have powerful collection tools unlike any other creditor. One of these tools is a tax lien. If you own real property (house, cottage, land, rental property, etc) and you owe CRA, they can register a lien on the title to your property. The lien acts just like a mortgage.

Most people we meet never expected to be in financial difficulty. This is particularly true right now. Covid has hit hard and people who have been financially responsible their whole lives are afraid for themselves and for their families.

With the latest shutdown, we have been talking to more business owners who are on the brink of permanently closing their businesses, or they have already done so and they don’t know where to turn.  The government assistance just isn’t enough to see them through, and if they do continue, they are under a growing mountain of debt.

Did you collect CERB, CRB or other Covid related benefits? Are you concerned you may owe some of these benefits back? If you received benefits you shouldn’t have, CRA will eventually be looking for you to pay them back. If you can’t manage, we can help! Just like income tax debts, these overpayments are unsecured […]

Will I lose my house? Will I lose my car? Are you going to take my RRSP’s? Am I going to jail? What happens when I file bankruptcy?

CERB may have transitioned into the Canada Recovery Benefit program, but the popular program is still making headlines. CRA recently issued notices to 200,000 Canadians warning they may have been paid double CERB benefits and repayment will be expected. These are just people who appear to have claimed both through CRA and through Service [...]

There are two credit bureaus in Canada, Equifax and TransUnion.  You are entitled to one free credit report from each bureau annually and you can obtain those full reports from them by mail.  If you want to check online for free, you can use the free services of Borrowell and Credit Karma to see an […]

Debt Help – You have rights when dealing with collection agencies. By visiting the Vine and Williams website, you have taken the first step toward getting the debt help you need to take control of your finances again. Once we file a consumer proposal or personal bankruptcy for you, we have the legal authority to […]