Boale, Wood & Company Ltd.

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 1 week ago

New blog articles detected

  • Canada Student Loans

    Canada Student Loans has recently announced new relief rules for student loan borrowers who are facing financial duress. Generally, students who incur student loans during their post-secondary studies must begin to repay their loans within six months of graduating, leaving school or transferring to part time studies.  ​Repayment Assistance Program You may qualify for repayment […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 2 weeks ago

New blog articles detected

  • Why People Won’t Deal With Their Debt

    Common Misconceptions People Have About Getting Help from a Licensed Insolvency Trustee “I have a good credit record now and don’t want it affected.” “I don’t want to lose my house or my other assets that I have worked hard to get.” “I don’t want my family or my employer to find out that I […]

  • CRA Debt

    The tax filing deadline is fast approaching and just a few short months away.  If your taxes are deducted off your paycheques then a few days of getting your information together and filing will put your mind at ease until the next tax deadline approaches.  However, if you are self-employed and owe a tax debt, […]

  • Garnishments and Canada Revenue Agency

    “I owe the tax department for unpaid taxes and I just found out that CRA garnisheed my cheque and I can’t pay my rent”. Garnishment is a court order directing that money or property of a third party (usually wages paid by an employer) be seized to satisfy a debt owed by a debtor to […]

  • A closer look at insolvency stats – November 2016

    Consumer insolvencies in BC in November 2016 increased overall by 12.4 percent from October, 2016.  Consumer proposals increased 11.6 percent while bankruptcies increased 5.3 percent. The proportion of proposals in consumer insolvencies in BC increased to 60.0 percent during November while they account for 49.9 percent of all 2016 consumer insolvencies. Consumer insolvencies in BC […]

  • Insolvencies in Canada up again – November stats

    The latest numbers from the office of the Superintendent of Bankruptcy Canada shows a 5.1 percent decrease in the total number of insolvencies in Canada in November 2016 compared to the previous month.   Bankruptcies  are up 3.5 percent and proposals increased by 6.8 percent. Compared to a year earlier, insolvencies are up 8.0 percent. […]

  • Judgement proof. Is there such a thing?

    Is anyone really “judgement proof”.   In my view, no.  The phrase “judgement proof” is one of the most misused and misunderstood phrases used in an insolvency context. Question Asked… “I recently spoke with a Trustee who said I was not a good candidate for bankruptcy as I am “judgement proof”.   Is doing nothing, that is, […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 3 weeks ago

New blog articles detected

  • A closer look at insolvency stats – October 2016

    Consumer insolvencies in BC decreased overall by 10.0 percent from September, 2016.  Consumer proposals decreased 14.8 percent while bankruptcies decreased 2.6 percent. The proportion of proposals in all consumer insolvencies in BC decreased to 57.3 during October while they account for 56.0 percent of all 2016 insolvencies. Consumer insolvencies in BC for the 12-month period […]

  • Telco Management Inc. & C-W Agencies Inc.

    Updated January, 2017 Telco Management Inc. and C-W Agencies Inc. filed Assignments in Bankruptcy on January 4th, 2016 and Boale, Wood & Company Ltd. was appointed as Trustee of each estate.  Copies of the Certificates of Appointment and Creditor Packages can be found below. For further information, please contact Kevin Owens or John McEown at […]

  • Case Law Re: Alary

    BC Supreme Court holds that Registered Disability Savings Plan Funds are not property that can be seized by a Licensed Insolvency Trustee for creditors ​​​ In a recent decision, the Supreme Court of British Columbia ordered that the funds in a Registered Disability Savings Plan (RDSP) could not be seized by the Licensed Insolvency Trustee […]

  • British Columbia Insolvency Statistics – Oct 2016

    Consumer insolvencies in BC in October decreased overall by 10.0 percent from September, 2016.  Consumer proposals decreased 14.8 percent while bankruptcies decreased 2.6 percent. The proportion of proposals in all consumer insolvencies in BC decreased to 57.3 during October while they account for 56.0 percent of all 2016 insolvencies. Consumer insolvencies in BC for the […]

  • Do you have the Holiday Debt Blues?

    “Many delight more in giving of presents than in paying their debts.” -Sir Philip Sidney “Oh, for the good old days when people would stop Christmas shopping when they ran out of money.” –Author Unknown   Now that the holiday season has passed, you may have over indulged and now it’s time to act on […]

  • Tips for reducing debt

    “Debt is like any other trap, easy enough to get into, but hard enough to get out of.” -Henry Wheeler Shaw One of the first things that you need to realize is how did you get into debt? How did you get to where you are now?  Getting out of debt requires that you change […]

  • Partner Profile – John McEown

    John McEown is a partner at Boale, Wood & Company Ltd., a Licensed Insolvency Trustee and a Chartered Accountant.  He is also a member of the Canadian Association of Insolvency and Restructuring Professionals. Prior to joining Boale, Wood & Company Ltd. in 2009, John spent several years with another insolvency boutique firm. John practices primarily […]

  • October insolvencies down slightly

    The latest numbers from the office of the Superintendent of Bankruptcy Canada shows a 2.9 percent decrease in the total number of insolvencies in Canada in October 2016.   Bankruptcies  are down 1.6 percent and proposals decreased by 4.2 percent. Compared to a year earlier, insolvencies are down 2.7 percent. Other stats: For the 12 […]

  • Video series explains bankruptcy

    The Office of the Superintendent of Bankruptcy has recently published a video series on some basic bankruptcy topics. By viewing these videos, debtors can learn how a Licensed Insolvency Trustee can help consumers deal with their debt problems and get out of debt. The series is here. If you are in debt, we can be […]

  • No relief in housing affordability: RBC

    The December RBC Economics Research Report  Housing Trends and Affordability says that “despite cooling home resale activity overall, housing affordability deteriorated further across all markets in Canada in the third quarter of 2016”. RBC’s affordability measure rose for the sixth consecutive quarter to 44.3%.  RBC says that number represents the most stressed affordability level in […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 5 months ago

New blog articles detected

  • 677673 B.C. Ltd.

    Updated September, 2016 We wish to advise you that on August 8, 2016 a Bankruptcy Order was made against 677673 B.C. Ltd. adjudging it a bankrupt and Boale, Wood & Company Ltd. was appointed as Trustee.  A copy of the Bankruptcy Order, the Certificate of Filing of a Bankruptcy Order and the Creditor Package can […]

  • Roadhouse Holdings Ltd. et. al.

    Updated September 2016 We wish to advise you that Roadhouse Holdings Ltd., Roadhouse Productions Limited and Roadhouse Interactive Limited (the “Companies”) each filed a Notice of Intention (“NOI”) to make a Proposal on August 18, 2016 and that Boale, Wood & Company Ltd. was appointed as Trustee of each administration. On August 31, 2016, on […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 5 months ago

New blog articles detected

  • Canadian Household Debt Hits Record High

    While national wealth has increased, Canadian households hold $1.68 in credit market debt for every dollar of disposable income. That’s the latest from Statistics Canada in the “National balance sheet and financial flow accounts, second quarter 2016” released today. According to the report: Total household credit market debt (consumer credit, and mortgage and non-mortgage loans) reached […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 5 months ago

New blog articles detected

  • Canadians living pay cheque to pay cheque

    Almost half of Canadians are living pay cheque to pay cheque, and residents of British Columbia are the most cash strapped in the country, according to a new survey from the Canadian Payroll Association. The 8th annual research survey found almost half (48%) of Canadians say “it would be difficult to meet their financial obligations […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 5 months ago

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