Debt Solutions

By: Jasmin Calyniuk Licensed Insolvency Trustee, BDO Canada Limited

Jasmin is a Senior Vice President with BDO and works out of the Saskatoon office. Jasmin received a Bachelor of Arts in Spanish, a Bachelor of Commerce in Accounting and a Masters of Professional Accounting from the University of Saskatchewan. 

She is a Chartered Professional Accountant, a Licensed Insolvency Trustee and a Chartered Insolvency and Restructuring Professional

BDO First Call Debt Solutions 147-15th  Street East Prince Albert S6V 1G1  
Phone: (306) 765-3328 or 1-855-220-1705     
https://debtsolutions-princealbert.ca/

 

How Can a Licensed Insolvency Trustee Help Me?

May 14, 2018 - 12:55pm

You might have heard the term Trustee, or LIT before, but are unsure exactly want an LIT does.

A Licensed Insolvency Trustee (LIT) is a financial recovery professional, licensed by the federal government, to assist individuals and businesses with their debt problems. LIT’s fees are regulated by the government and they are the only professionals that can file a consumer proposal or a bankruptcy on your behalf.

But, what does all of this mean?

How to Repair Your Credit Rating After a Bankruptcy

April 19, 2018 - 9:52am

Declaring bankruptcy is a decision that not only affects your finances, but also the health of your credit rating. However, bankruptcy is also an opportunity to start fresh and re-establish good financial behaviours. Whether you have recently completed the bankruptcy process, or are about to go through it, knowing what steps you can take to rebuild your credit afterwards can be helpful. Here is what you need to know:

What are the effects of bankruptcy on your credit rating?

How to Reduce Debt and Still Have an Awesome Spring Break

March 27, 2018 - 12:07pm

Did you know that parents of young children are carrying the most debt? According to a Global News poll, Gen X parents are the ones carrying the highest consumer debt in Canada. They are also the most likely to be holding the largest mortgages and paying exorbitant childcare costs. With interest rates continuing to rise, parents of school-age children may not be as excited about spring break, worried that this extra spending may actually break their bank.

Kids and Money: How to Improve Their Financial Literacy

March 15, 2018 - 7:47am

Do you remember where you learned to manage money and debt? As financial literacy is not a topic that is always taught in schools, you most likely picked up your budgeting and financial skills from your parents. So, as a parent, are you teaching your kids about money?

Providing your children with the proper tools and resources will help them become financially responsible adults as they will be more comfortable in dealing with finances as they get older. Here are some financial literacy tips for all age groups to help parents introduce their kids to financial responsibility:

Four Financial Topics To Discuss With Your Partner

February 20, 2018 - 11:48am

Do you and your partner avoid talking about finances and debt?

If so, you may not be alone.

The results of our recent Debt Confessions poll show that 36 per cent of Canadians in a relationship rarely or never talk about money. It’s very important for couples to talk about money early in the relationship to avoid potential surprises down the road. If you and your partner are at the point in the relationship where you should be having this conversation, here are 4 important financial tips I recommend:

Making This Your Year of Change with SMART Goals

February 6, 2018 - 9:18am

If one of your priorities in 2018 is getting your debt and finances under control, it helps to set a goal.

The advantage of getting started now is that you have an entire year ahead of you to reach your goal. A very popular goal setting approach is creating a SMART plan (Specific, Measurable, Achievable, Realistic, Timely). Here’s how you create a SMART goal:

* Specific: What you are looking to accomplish? For example, you may want to pay back one of your student loans, reduce your credit card debt with the highest interest rate, or start an emergency fund.

4 Ways to Tackle Your Holiday Debt Now

January 16, 2018 - 12:58pm Updated: January 18, 2018 - 7:45am

It’s a new year, a time to set new goals and yes, tackle those holiday debts. You may have panicked a little when you received your January credit card statements, but don’t worry.  Dealing with your holiday debts right away, instead of dragging it out, means you’ll be free of those debts sooner and able to tackle your other financial goals in 2018.

Here is my advice on how you can tackle your debt this January:

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