Information About David Sklar & Associates Blog

If you’re feeling overwhelmed by debt, you’re not alone—and you’re not out of options. For most people, debt doesn’t become a problem overnight. It builds slowly over time. It may have started with a credit card balance that never quite got paid off. Then a line of credit. Then a payday loan. Then … Read more »

If you are considering bankruptcy in Ontario, or you are already in the process, the Office of the Superintendent of Bankruptcy (OSB) has now updated the 2026 surplus income guidelines. The new Directive No. 11R2-2026 was issued on March 27, 2026, replacing the 2025 version and updating the Superint … Read more »

For many Ontario buyers, a pre-construction condo once looked like a manageable long-term purchase. You signed a purchase agreement with a condo developer years ago, paid a deposit, and expected that by the time the unit was ready, financing would fall into place and the deal would close. But for ma … Read more »

Consumer proposals have helped countless Canadians settle unsecured debt through one structured repayment arrangement. But a proposal also comes with strict legal obligations. If payments are missed and the default threshold is reached under the Bankruptcy and Insolvency Act, the proposal is d … Read more »

Balance transfer credit cards can seem appealing when high interest charges make it harder to pay down debt. In Canada, these cards may offer a lower promotional rate for a limited time, which can reduce interest costs and create short-term breathing room. However, a balance transfer does not reduce … Read more »