Bankruptcy is a process where consumers and businesses can get rid of or repay some or all of their debts and can be done under the protection of the Superintendent of Bankruptcy and the Bankruptcies Act in Canada. For American readers this under the federal bankruptcy court. There are two types of insolvency, bankruptcy and consumer proposal (two types for American bankruptcies: liquidation and reorganization).
The American Equivalent to the Bankruptcy And Consumer Proposal
Chapter 7 bankruptcy falls under the liquidation category. It is referred to as liquidation because a bankruptcy trustee may take and sell some of your property in order to pay off some of your debt. Chapter 13 is known as reorganization bankruptcy. This is when you keep all of your property; however, you have to make monthly payments over three to five years. Talk with Hoyes Michalos about bankruptcy options.
Advantages and disadvantages of bankruptcy
Some of the advantages of bankruptcy are having old tax liabilities go away, being able to rebuild your credit sooner and offering you a fresh start. Some disadvantages are lowering your credit for a long time; not being able to use your credit cards and making it impossible for you to get a mortgage. Bankruptcy Toronto can answer your bankruptcy questions.
To conclude, bankruptcy has advantages and disadvantages. Talk with a bankruptcy trustee and find out if bankruptcy is a good option for you!
For a map and directions to the HMA Toronto office:
Hoyes, Michalos & Associates Inc.
8 King Street East
Suite 812 (8th floor)
Many people, especially new graduates whether they're fresh out of high school, college, university, or some sort of advanced education, they all will tell you that it can be extremely difficult finding work. It doesn't matter "how educated" you are, it more depends on whether your education fits with the market demands for jobs at the moment. So someone fresh out of trade school might have an easier time finding work than a PhD.
Then you take it one step further. You decide you want to move. Perhaps it's for a special someone? Maybe you just had enough of where you're currently living and want a fresh start. So let's pretend you live in Ontario and you want to head to the golden coast, BC.
Quit your job? If you already have work and just want a change, do you just quit and hope for the best, or try to apply "part time" to other roles. By this I mean in the off hours after work. Being able to take phone calls and phone interviews can get challenging if you're still in another role. We say, do what makes most sense for your situation.
Decision / Challenge 2
Finding work. What's out there? How do you find it? If you don't have any connections and no feet on the ground out there to network and get an "in" anywhere - how do you secure a job remotely? It's tough. Our advice - use a job board that also does recruitment. Take a Kamloops job postings page for example, if that's all they do then at least you know where to start. Otherwise if they do recruitment, they can help you land it.
HR solutions should include business benefits administration. Although many businesses, especially those who hire employees part time try to keep the costs of benefits and overtime to a minimum. It is not surprising that one of the major tasks delegated to the human resources department of many organizations is business benefits admin. The task of HR is to find way to retain competent employees, train news ones and, unfortunately, to let people go who are not living up to the company's expectations. It is the last task that has given HR departments bad reputations among employees and have caused them to be a constant target of ridicule in Dilbert - quite simply companies need improved HR solutions for their employees.
Retaining employees means keeping wages competitive and giving people opportunities for advancement that do not necessarily let them move up the chain of command. These are usually called lateral moves. Benefits, however, are also a major cost of labor. Having a good business benefits admin program can help keep the cost down. It also makes sure that employees aren't tempted to jump ship to a company with much better benefits. Some benefits, such as health insurance, are now mandated for full time employees. The Affordable Care Act caused many changes in mandated employee benefits.
Toronto is where some of the Canada's business magnates have established large investments and remains the most sought after investment destination in Canada. This means a business in Toronto has a higher chance of recording significant growth than in other places. For sustained growth, organizations are expected to assemble the best of the breed employees capable of distinguishing them from the rest. Clearly, a weak human resource management plan will not help a company to leverage on Toronto's great potential.
Here is some information on human resource management tools:
From the foregoing, human resource consulting firms have the noble duty to help companies that are looking to grow big. Several aspects deter firms from retaining the best set of employees. Toronto HR consulting firm can help you recruit and retain employees who will make the difference you are looking for. These firms understand the market needs and they will match the correct skill with the tasks you have to cause high and quality production.
High turnover in companies today can be attributed to many reasons. Top on the list is the inability of the employee to find it motivating to work with your company. To avoid losing the best skill you have trained for many years, you need to allow an HR consulting firm with experience and knowledge in talent management to swing into action before it is too late.
If you are still not decided on whether to hire a consultant to manage your human resources, know that hundreds of your competitors are already implementing this strategy. Avoid being beaten by upcoming companies by hiring Toronto HR consulting professionals to out your HR department in order.