Boale, Wood & Company Ltd.

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 3 days ago

New blog articles detected

  • Virginia Tan settles with BCSC for Fraud

    The British Columbia Securities Commission today issued a press release announcing a settlement agreement with Virginia Tan.  The release says that Ms. Tan “has admitted that she fraudulently raised at least $30 million from investors”. The release goes on to provide details of Virginia Tan’s activities both prior to, and after 2011.  The BCSC says […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 3 days ago

New blog articles detected

  • Tax Problems with Canada Revenue Agency?

    Are you experiencing tax problems with Canada Revenue Agency (“CRA”)?  If you are burdened with serious debt problems, CRA may be only one of several creditors that you have to deal with. You may see advertisements from tax lawyers trying to scare you into believing that you need their services to deal with CRA debt, […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 3 days ago

New blog articles detected

  • File Your Income Tax Return, You Might Get Money Back

    Did you know that just by filing your income tax return, you could receive more money from the federal and provincial governments through tax credits and benefits?  By simply filing your income tax return, a single person may receive approximately $585 more per year, a single parent with one child could receive $4,700 a year, […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 3 days ago

New blog articles detected

  • Licensed Insolvency Trustees

    A Licensed Insolvency Trustee is regulated by the Canadian government to process personal and corporate bankruptcies as well as administer proposals to creditors. A Licensed Insolvency Trustee is an officer of the court whose primary role is to ensure that your rights and your creditors’ rights are maintained throughout the process. There are many companies […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 3 days ago

New blog articles detected

  • What to do if you can’t pay your personal taxes

    I owe personal taxes!  I don’t have the money to pay them and my other debts.  What do I do? The starting point is to understand why you owe taxes.  The next step is to fix it so you don’t owe in future years. Generally, the main cause of why you owe personal taxes are: […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 3 days ago

New blog articles detected

  • A Closer Look at Insolvency Stats – Jan 2017

    Consumer insolvencies in BC increased overall in January 2017 by 9.3 percent from December, 2016.  Consumer proposals increased 14.1 percent while bankruptcies increased 3.7 percent. The proportion of proposals in consumer insolvencies in BC accounted for 56.5 percent during January while they account for 53.4 percent of all January 2017 insolvencies across Canada. Consumer insolvencies […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 3 days ago

New blog articles detected

  • Insolvencies up by 1.8 percent – Jan 2017

    The latest numbers from the office of the Superintendent of Bankruptcy Canada shows a 1.8 percent increase in the total number of insolvencies in Canada in January 2017 compared to the previous month.   Bankruptcies decreased 6.3 percent and proposals increased by 10.4 percent. Compared to a year earlier, insolvencies are up 2.2 percent. Other […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 3 days ago

New blog articles detected

  • How Would You Handle an Interest Rate Increase?

    A new survey by Ipsos in Canada shows a majority of Canadians would be concerned about their ability to pay their debts if the current interest rates rise. The Bank of Canada is expected to make an interest rate announcement tomorrow (April 12, 2017). Ahead of the announcement, Ipsos polled Canadians to find out how […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 2 weeks ago

New blog articles detected

  • Financial Consumer Agency of Canada issues Consumer Alert

    Saying that “some companies offering help to pay off debt or repair credit are misleading consumers”, the Financial Consumer Agency of Canada (FCAC) has issued a consumer alert warning Canadians to be careful when looking for companies to help pay off debt or repair their credit. The agency warns consumers that: Companies or agencies can’t […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 2 weeks ago

New blog articles detected

  • Global news item on credit scores

    Global News had published a new article titled “3 Things You Probably Didn’t Know About Your Credit Score”. The article, written by Erica Alini stresses that no-one really knows exactly how credit scores work: For obvious reasons, Canada’s two credit-reporting agencies, Equifax and TransUnion, do not reveal the exact formula through which they come up […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • Canadian Household Debt Continues to Rise

    The latest figures from Statistics Canada show Canadian household debt continues to rise. For every dollar of income, Canadians owe $1.67  in credit market debt. In its publication The Daily, Stats Can says: Household credit market debt as a proportion of adjusted household disposable income (excluding pension entitlements) edged up to 167.3% from 166.8% in the third […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • Delbrook Surgical Centre Inc.

    Updated March 2017 Delbrook Surgical Centre Inc. made an Assignment in Bankruptcy on February 23rd, 2017 and Boale, Wood & Company Ltd. was appointed as Trustee.  The Certificate of Appointment and Creditor Package can be found below. For further information, please contact Kevin Owens at (604) 605-3335 or at kowens@boalewood.ca Certificate of Appointment Creditor Package

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 2 months ago

New blog articles detected

  • Canada Student Loans

    Canada Student Loans has recently announced new relief rules for student loan borrowers who are facing financial duress. Generally, students who incur student loans during their post-secondary studies must begin to repay their loans within six months of graduating, leaving school or transferring to part time studies.  ​Repayment Assistance Program You may qualify for repayment […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 2 months ago

New blog articles detected

  • Why People Won’t Deal With Their Debt

    Common Misconceptions People Have About Getting Help from a Licensed Insolvency Trustee “I have a good credit record now and don’t want it affected.” “I don’t want to lose my house or my other assets that I have worked hard to get.” “I don’t want my family or my employer to find out that I […]

  • CRA Debt

    The tax filing deadline is fast approaching and just a few short months away.  If your taxes are deducted off your paycheques then a few days of getting your information together and filing will put your mind at ease until the next tax deadline approaches.  However, if you are self-employed and owe a tax debt, […]

  • Garnishments and Canada Revenue Agency

    “I owe the tax department for unpaid taxes and I just found out that CRA garnisheed my cheque and I can’t pay my rent”. Garnishment is a court order directing that money or property of a third party (usually wages paid by an employer) be seized to satisfy a debt owed by a debtor to […]

  • A closer look at insolvency stats – November 2016

    Consumer insolvencies in BC in November 2016 increased overall by 12.4 percent from October, 2016.  Consumer proposals increased 11.6 percent while bankruptcies increased 5.3 percent. The proportion of proposals in consumer insolvencies in BC increased to 60.0 percent during November while they account for 49.9 percent of all 2016 consumer insolvencies. Consumer insolvencies in BC […]

  • Insolvencies in Canada up again – November stats

    The latest numbers from the office of the Superintendent of Bankruptcy Canada shows a 5.1 percent decrease in the total number of insolvencies in Canada in November 2016 compared to the previous month.   Bankruptcies  are up 3.5 percent and proposals increased by 6.8 percent. Compared to a year earlier, insolvencies are up 8.0 percent. […]

  • Judgement proof. Is there such a thing?

    Is anyone really “judgement proof”.   In my view, no.  The phrase “judgement proof” is one of the most misused and misunderstood phrases used in an insolvency context. Question Asked… “I recently spoke with a Trustee who said I was not a good candidate for bankruptcy as I am “judgement proof”.   Is doing nothing, that is, […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 2 months ago

New blog articles detected

  • A closer look at insolvency stats – October 2016

    Consumer insolvencies in BC decreased overall by 10.0 percent from September, 2016.  Consumer proposals decreased 14.8 percent while bankruptcies decreased 2.6 percent. The proportion of proposals in all consumer insolvencies in BC decreased to 57.3 during October while they account for 56.0 percent of all 2016 insolvencies. Consumer insolvencies in BC for the 12-month period […]

  • Telco Management Inc. & C-W Agencies Inc.

    Updated January, 2017 Telco Management Inc. and C-W Agencies Inc. filed Assignments in Bankruptcy on January 4th, 2016 and Boale, Wood & Company Ltd. was appointed as Trustee of each estate.  Copies of the Certificates of Appointment and Creditor Packages can be found below. For further information, please contact Kevin Owens or John McEown at […]

  • Case Law Re: Alary

    BC Supreme Court holds that Registered Disability Savings Plan Funds are not property that can be seized by a Licensed Insolvency Trustee for creditors ​​​ In a recent decision, the Supreme Court of British Columbia ordered that the funds in a Registered Disability Savings Plan (RDSP) could not be seized by the Licensed Insolvency Trustee […]

  • British Columbia Insolvency Statistics – Oct 2016

    Consumer insolvencies in BC in October decreased overall by 10.0 percent from September, 2016.  Consumer proposals decreased 14.8 percent while bankruptcies decreased 2.6 percent. The proportion of proposals in all consumer insolvencies in BC decreased to 57.3 during October while they account for 56.0 percent of all 2016 insolvencies. Consumer insolvencies in BC for the […]

  • Do you have the Holiday Debt Blues?

    “Many delight more in giving of presents than in paying their debts.” -Sir Philip Sidney “Oh, for the good old days when people would stop Christmas shopping when they ran out of money.” –Author Unknown   Now that the holiday season has passed, you may have over indulged and now it’s time to act on […]

  • Tips for reducing debt

    “Debt is like any other trap, easy enough to get into, but hard enough to get out of.” -Henry Wheeler Shaw One of the first things that you need to realize is how did you get into debt? How did you get to where you are now?  Getting out of debt requires that you change […]

  • Partner Profile – John McEown

    John McEown is a partner at Boale, Wood & Company Ltd., a Licensed Insolvency Trustee and a Chartered Accountant.  He is also a member of the Canadian Association of Insolvency and Restructuring Professionals. Prior to joining Boale, Wood & Company Ltd. in 2009, John spent several years with another insolvency boutique firm. John practices primarily […]

  • October insolvencies down slightly

    The latest numbers from the office of the Superintendent of Bankruptcy Canada shows a 2.9 percent decrease in the total number of insolvencies in Canada in October 2016.   Bankruptcies  are down 1.6 percent and proposals decreased by 4.2 percent. Compared to a year earlier, insolvencies are down 2.7 percent. Other stats: For the 12 […]

  • Video series explains bankruptcy

    The Office of the Superintendent of Bankruptcy has recently published a video series on some basic bankruptcy topics. By viewing these videos, debtors can learn how a Licensed Insolvency Trustee can help consumers deal with their debt problems and get out of debt. The series is here. If you are in debt, we can be […]

  • No relief in housing affordability: RBC

    The December RBC Economics Research Report  Housing Trends and Affordability says that “despite cooling home resale activity overall, housing affordability deteriorated further across all markets in Canada in the third quarter of 2016”. RBC’s affordability measure rose for the sixth consecutive quarter to 44.3%.  RBC says that number represents the most stressed affordability level in […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 6 months ago

New blog articles detected

  • 677673 B.C. Ltd.

    Updated September, 2016 We wish to advise you that on August 8, 2016 a Bankruptcy Order was made against 677673 B.C. Ltd. adjudging it a bankrupt and Boale, Wood & Company Ltd. was appointed as Trustee.  A copy of the Bankruptcy Order, the Certificate of Filing of a Bankruptcy Order and the Creditor Package can […]

  • Roadhouse Holdings Ltd. et. al.

    Updated September 2016 We wish to advise you that Roadhouse Holdings Ltd., Roadhouse Productions Limited and Roadhouse Interactive Limited (the “Companies”) each filed a Notice of Intention (“NOI”) to make a Proposal on August 18, 2016 and that Boale, Wood & Company Ltd. was appointed as Trustee of each administration. On August 31, 2016, on […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 7 months ago

New blog articles detected

  • Canadian Household Debt Hits Record High

    While national wealth has increased, Canadian households hold $1.68 in credit market debt for every dollar of disposable income. That’s the latest from Statistics Canada in the “National balance sheet and financial flow accounts, second quarter 2016” released today. According to the report: Total household credit market debt (consumer credit, and mortgage and non-mortgage loans) reached […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 7 months ago

New blog articles detected

  • Canadians living pay cheque to pay cheque

    Almost half of Canadians are living pay cheque to pay cheque, and residents of British Columbia are the most cash strapped in the country, according to a new survey from the Canadian Payroll Association. The 8th annual research survey found almost half (48%) of Canadians say “it would be difficult to meet their financial obligations […]

Boale, Wood & Company Ltd.

Category: Content
Type: Blog Article

Generated 7 months ago

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