Information About David Sklar & Associates Blog

When facing unmanageable debt, a consumer proposal can be a lifeline. This government-legislated solution allows you to negotiate a repayment plan with creditors where you pay less than what you owe. You don’t pay a dollar of interest and get to keep all your assets, making it a popular bankruptcy a … Read more »

As of January 1, 2025, new federal rules limit how much interest lenders (including payday loan companies) can charge in Canada. These changes aim to protect vulnerable borrowers from predatory lenders, who often charge steep interest rates and fees. The legislation is good news for Canadians who re … Read more »

Have you experienced a significant decline in your credit score or lack a credit history? If so, getting approved for traditional loans at low rates will be challenging, if not impossible. To earn the trust of lenders, you’ll first need to rebuild your credit (especially if you’ve filed for bankrupt … Read more »

Spring marks the arrival of warmer weather and longer days, but it’s also Canadian tax deadline season, which means it’s time to get your paperwork in order and book an appointment with your accountant. But regardless of your situation, submitting your tax filings and payments on time is vital. Not … Read more »

If you’re overwhelmed by debt, a consumer proposal may be the perfect solution to give you a fresh start. As a bankruptcy alternative, it allows you to negotiate with your unsecured creditors to pay less than what you owe. In other words, a significant portion of your debts are forgiven, leaving you … Read more »