What is “Director’s Liability?”

January 15th, 2014

I put my life and savings into my incorporated business and it failed.  Now the tax Agency says I owe for something called Director Liability? I have no money or assets to pay such a debt…what can I do? This is a fairly common scenario.  Simply stated, Director’s Liability is the liability that can be […]

How Did I Get Here?

October 17th, 2013

I How did I get here? If only I had a nickel for each time that I was asked that question. Financial problems are something that just seems to creep up on people and until some crisis hits, nobody seems to notice the signs along the way. One such sign is the accumulation of credit […]

What is a Trustee?

September 12th, 2013

According to the Merriam-Webster Dictionary, a Trustee is defined as “a natural or legal person to whom property is legally committed to be administered for the benefit of a beneficiary”. A  Licensed Insolvency Trustee is licenced by the federal government to resolve a person’s financial difficulty and administer their assets for the benefit of their […]