Debt Solutions

By: Jasmin Brown 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/

 

4 Simple Tips to Reduce Your Debt Load

September 13, 2018 - 2:00pm

It’s no secret that discussing debt is an uncomfortable topic for many people. It raises a litany of emotions around having lost control and feeling unable to catch up. Whether you have accumulated debt because of student loans, emergency car repairs, family vacations, unforeseen expenses, health issues or other reasons, it is critical to know how to manage and reduce your debt to improve your overall financial health.

How to Make Reducing Debt a Priority During Back to School

August 29, 2018 - 12:44pm

Back-to-school season can be quite a hectic time for parents with new schedules and activities to coordinate. However, with kids heading back, it can also bring a sense of routine back into your daily life, which makes it a great time to focus your efforts towards managing and reducing your debt.

Take advantage of a more predictable routine in September to get your finances organized and updated. Here are a few steps to help you get started:

3 Ways to Help Your University Student Manage Their Student Debt

August 21, 2018 - 12:29pm

For many young adults, the post-secondary years signal the beginning of financial independence. While that can be exciting, it can also be a little overwhelming. The cost of living is high, money is often tight and tuition is continuously rising; which means that debt can add up quickly.

Here are three tips to help you as a parent get your university student off on the right foot, and stay in control of their finances throughout their university years:

Help them follow a budget

3 Ways You Can Help Your Grandchildren During Back-To-School Season

August 10, 2018 - 11:06am

Grandparents play an important role in many Canadian families. From emotional support to financial support, their contributions are cherished and appreciated in many ways.

Back-to-school expenses can add up quickly for parents. Covering the cost of classroom supplies, enrollment fees, new clothes and technology can break the bank. Grandparents can help ease their adult kids’ stress at this time of year, and not just by offering financial support.

How to Reduce Debt with These Back-To-School Savings Tips

July 11, 2018 - 4:28pm

You may think that back-to-school shopping and reducing debt at the same isn’t possible, but what if I told you there are ways to make it work?

Even though Canadian families spend a lot of money when kids go back to school — an average of almost $900 per household — it is possible to save and put more towards reducing your debt load simply by spending less and shopping more carefully for what you need.

So, how can you go about spending less on supplies for your kids as they return to school in the fall?

Is It possible to Travel and Pay Down Debt Too

June 28, 2018 - 11:01am

Sometimes, planning a trip can seem impossible when you’re carrying debt.

A lot of Canadians have money on their mind. Following multiple interest rate hikes, many debts, like credit cards and lines-of-credit, have gotten more expensive to repay. Plus everyday expenses continue to go up. And while some people think you shouldn’t travel at all if you have debt or pressing expenses, there may be ways to still get to travel without adding to your debt.

How to Prioritize Debt After Graduation

June 15, 2018 - 8:04am

Many important life decisions come after graduation; what job to take, where to live, and let’s not forget how or when to repay those student loans.

According to our 2017 Student Debt Poll, two in three Canadian graduates finished college or university carrying student debt. Here’s some advice for all of you recent grads looking for ways to deal with and prioritize your student debts:

Debt Relief: Knowing and Understanding Your Options

May 28, 2018 - 11:10am

Debt consolidation, debt management plan and consumer proposal may be terms that are not familiar, but they should be if you need help with your debt. That is what a Licensed Insolvency Trustee (LIT) is here for; to help you understand the debt relief options available.

Here is a quick overview of some available solutions to help you understand your options, and how you may be able to apply them to your debt relief plan to make your debt more manageable and help you avoid bankruptcy.

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?

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