Information About Derek L. Associates, Ltd. Blog

Food is about to get more expensive. The latest in Canada’s Food Price Report states that overall food prices will increase by 2.5% to 4.5%. That translates to a family of four spending $701.79 more than the previous year—for the same quantity of food. Happily, the report also predicts a price decre … Read more »

As a Licensed Insolvency Trustee office, we have the privilege of guiding people through their financial challenges and helping them find the best path forward. During a no-cost initial meeting, we often hear the question: “Won’t my insurance cover that?” And it’s a fair question to ask. With so man … Read more »

Have you ever bought something and then immediately regretted the purchase? That feeling is known as buyer’s remorse. It typically sets in after an impulse buy or major contract agreement, as even a brief reflection can spark some guilt. I’ll admit—I’ve felt buyer’s remorse before, and I’m pretty su … Read more »

No matter the situation, if you feel overwhelmed and confused, it’s best to reach out to an expert and receive professional advice. So if your debt is out of control, the process is no different—you should contact a local Licensed Insolvency Trustee (LIT). LITs are licensed by the Canadian Federal G … Read more »

You’d be amazed by the number of people who have navigated the Bankruptcy process in Canada and afterward went on to achieve remarkable success. Bankruptcy isn’t a sign of failure—it is a financial tool designed to help you reset your future. Financial distress can also arise from various factors, m … Read more »