ONTARIO FAMILY LAW: DETAILED ONTARIO COURT OF APPEAL DECISION ALLOWS WIFES CLAIM OVER HUSBANDS CREDITOR
Family law introduction An important decision was rendered by the Court of Appeal for Ontario on April 26, 2023. It is in a recent case concerning the sale of a matrimonial home through family law proceedings. In this case, the court considered the division of net family property between Subhathini Senthillmohan (wife) and her separated…
MORTGAGE ISSUES BREWING: CANADIANS ARE SERIOUSLY FALLING BEHIND ON DEBT
Mortgage issues: Introduction As per the latest findings from the Royal Bank of Canada (RBC or RBC Economics), a significant proportion of Canadians are currently grappling with debt payments, thereby heightening the risk of mortgage default in the future. The report reveals that the average Canadian owes $1.77 in debt for every dollar of disposable…
JENNY CRAIG RUMOURED SHUTTING DOWN DUE TO BEING SERIOUSLY OVERWEIGHT WITH DEBT
Jenny Craig introduction California-based Jenny Craig Inc.(Jenny Craig), the nutrition and weight-loss services provider, is reportedly shutting down after four decades due to its inability to secure additional financing. The company has about $250 million of debt and is considering all of its options, including a bankruptcy filing. According to its website, the company has…
MAXED OUT CREDIT? YOU NEED TO KNOW HOW TO INCREASE CREDIT SCORE: OUR 13 INTRIGUING TIPS TO IMPROVE YOUR CREDIT SCORE
Our mission includes helping you know how to increase credit score with our free online course The objective of this Brandon’s Blog is to furnish readers with comprehensive insights on improving their credit rating, alongside introducing them to our complimentary no-cost e-learning module, “How to Increase Credit Score: How To Improve Your Canadian Credit Score”.…
BIA: 2 PEOPLES CHALLENGE SUING A CANADIAN LICENSED INSOLVENCY TRUSTEE
<h2> Bankruptcy and Insolvency Act (R.S.C., 1985, c. B-3) (BIA): Introduction On April 13, 2023, the Supreme Court of Canada (SCC) dismissed the application by the legal counsel of a former bankrupt and his wife for leave to appeal from the judgment of the Court of Appeal for Ontario. As is the usual case, the…
FEDERAL BUDGET 2023 AND PREDATORY INTEREST RATES: WHAT EVERY ENLIGHTENED CONSUMER MUST KNOW
Interest rates: Introduction From the 2023 Federal Budget, the Canadian federal government has garnered significant attention for its proposed measures regarding interest rates on predatory loans. This initiative has been lauded by activists as a commendable effort towards safeguarding consumer interests, promoting financial inclusivity, and antipoverty measures. The budget aims to oversee the financial sector…
IMPORTANT LEGAL DECISION: HOW PRIORITY IS ASSIGNED BETWEEN CONSTRUCTION ACT LIEN AND LICENSED INSOLVENCY TRUSTEE FEE
Construction Act, R.S.O. 1990, c. C.30: Introduction In May 2020, I wrote Brandon’s Blog CONSTRUCTION LIEN ACT: CAN YOU TRUST AN INSOLVENCY PROCEEDING? In October 2021, I wrote CONSTRUCTION LIEN ACT OF ONTARIO: THE GRIPPING FIGHT BETWEEN LIEN FILING, A PRIOR MORTGAGE & RECEIVER FEES. In that blog, I wrote about what a construction lien is…
5 SURPRISING THINGS YOU CAN DO WITH YOUR CANADIAN TAX REFUND (THAT ARENT SHOPPING)
What is a Canadian tax refund? In April, Canadians must pay their income tax liability for the prior year and when most Canadians file their income tax returns. Getting a Canadian tax refund can be an amazing experience for numerous Canadians. It’s like obtaining an unexpected reward from the federal government. The idea of having…
CANADIAN CREDIT CARD DEBT: A COMPREHENSIVE GUIDE TO UNDERSTANDING AND TO GET OUT OF THE MENACING PROBLEM
Canadian credit card debt: Introduction Due to the holiday buying season, December has traditionally been connected with a surge in Canadian credit card debt. Nonetheless, with the start of the COVID-19 pandemic in 2020 and the surge in case numbers, celebrations, travelling, and in-store holiday shopping pretty well stopped, resulting in an extraordinary reduction in…
SILICON VALLEY BANK: COULD A CANADIAN BANK EXPERIENCE A GIGANTIC CATASTROPHIC FAILURE?
Silicon Valley Bank failure: The SVB collapse A subsidiary of the SVB Group called Silicon Valley Bank was heavily servicing the technology industry. The California-based Silicon Valley Bank is located in Santa Clara, in the Golden State and has been around since 1983. Ever since, they have actually opened up offices in a lot of…
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