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Blog Articles
Insights
Inflation: What Is It and How It Affects You
The cost of living is on the rise and everyone is talking about one thing, inflation. With inflation at an all-time high, Crowe MacKay & Company’s insolvency experts share what it is, how you may be impacted, and provide solutions for those facing financial...
Signs Your Business Should Consider Corporate Restructuring
All businesses experience financial challenges at one time or another. It is important to keep a close eye, as these normal challenges can quickly turn into financial hardship. There are obvious red flags that your business is experiencing trouble—and there are some...
How to Manage Debt through Financial Planning?
If you have a debt, whether small or big, you have to plan your finances to make your payments on time. Without proper management, you lose a major part of your paycheck clearing off credits. You end up borrowing fresh loans to pay off older ones. Managing your bills...
Overcoming the Shame and Fear of Bankruptcies
Did you know that 2021 saw 92,572 insolvencies filed with the Office of the Superintendent of Bankruptcy in Canada? Bankruptcies exist to elevate the financial pressures associated with insolvency, taking the pressure off, and helping you work towards...
What Happens to My Income if I Declare Bankruptcy?
After filing for bankruptcy, any garnishments against your salary will stop. Your wages are not affected by personal bankruptcy and you are entitled to collect your income while using the bankruptcy process to eliminate your debts. However, if your income exceeds a...
Is Your Business Struggling Financially Due to COVID-19? Consider Corporate Restructuring
COVID-19 has produced waves of financial distress for BC businesses, large and small. Many companies are struggling to rebound in the wake of COVID-19. As time goes on, government measures to ease the financial strain may not be enough to keep a business afloat. If...
How Compound Interest can Work Against You in Debt
Compound interest is, in effect, paying interest on interest. In terms of investments, compound interest is great, but when it comes to debt, compounding interest is a huge set back. Crowe MacKay & Company's Licensed Insolvency Trustees in Vancouver and Surrey...
How Does Bankruptcy Affect Your Family? – Insights from Vancouver’s Leading Licensed Insolvency Trustees
Have you unwittingly stepped onto the debt treadmill without realizing how fast it goes? Are you saddled with excessive obligations that are creating a financial crisis? In this situation, your first step is to consider debt solutions, such as a consumer proposal or a...
Facing Financial Stress During COVID-19? A Licensed Insolvency Trustee Can Help Assess Your Options
COVID-19 has caused unprecedented financial hardship for Canadians. Business closures, employee lay-offs, and income loss due to illness have all skyrocketed in 2020. Some COVID-19 relief measures and government assistance programs are ending, making individuals even...
How Does a Consumer Proposal Help You Resolve Your Debt?
Debt can feel overwhelming. If you are having trouble paying credit card debt, payday loans, lines of credit, or personal loans, you may be wondering about options such as bankruptcy, a consolidation loan, or a consumer proposal. Vancouver debt solution...
Contact Us to Start Managing Your Debt
If you’re ready to start managing your debt, book a free consultation with our Licensed Insolvency Trustees by calling (604) 689 3928, emailing trustee@crowemackay.ca, or filling in the form below.
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Vancouver
(resident office)
Crowe MacKay & Company
1100 – 1177 West Hastings Street
Vancouver, BC V6E 4T5
Surrey
(non-resident office)
Crowe MacKay & Company
#200, 5455 – 152 Street
Surrey, BC V3S 5A5
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Personal Services
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Corporate Services
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