About The Author
Victor Fong, CMA, CIRP is licensed Trustee in Bankruptcy and Chartered Insolvency and Restructuring Professional with several years of experience in all facets of insolvency, both personal and business. Victor currently focuses on bankruptcies, formal proposals and restructuring for consumer debtors. He also devotes considerable energies to debtor rehabilitation through credit and budget counselling.
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Rules for Locked In Retirement Savings in Ontario
Posted on April 29, 2012 | No CommentsIntroduction When you leave a job, you’ll typically have retirement savings locked in through pension legislation at your place of work. You’ll usually have a choice between leaving the monies... -
Solving The Problem of Higher Education
Posted on March 30, 2012 | No CommentsDefining the Problem When I reflect on the subject of rising tuition costs and student loan debt in Canada, I’m struck by its parallels with the events that led to... -
The Toronto One Percent: Out of Money or Out of Touch?
Posted on February 19, 2012 | No Comments“Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.” – Oprah Winfrey How difficult... -
The Sovereign Individual – The Greatest Book on our Economic Future
Posted on January 29, 2012 | No CommentsI do not use the term “extraordinary” very often to describe books, but this one qualifies as a TRULY extraordinary book. It is extraordinary because it was first published in... -
BBC Documentary: How the West Went Bust
Posted on January 13, 2012 | No CommentsThis is by far the best documentary I’ve seen which explains the reasons for the ongoing financial crisis that started in October 2008. BBC business editor Robert Peston examines how... -
Darwinian Economics?
Posted on January 1, 2012 | No CommentsWhen reading or watching today’s news about the ongoing financial crises in the United States and Europe, one can spot a recurring theme in many of these news stories: Within... -
Rich Dad Poor Dad – Oprah interviews Robert Kiyosaki
Posted on December 11, 2011 | No CommentsRobert Kiyosaki is the best-selling author of the “Rich Dad Poor Dad” series of financial education books, which have collectively sold over 26 million copies worldwide. This makes him one... -
Economic Apocalypse 101 with Kyle Bass
Posted on December 4, 2011 | No CommentsKyle Bass is a Texas hedge fund manager who predicted the U.S. subprime housing crisis and made millions from being right in his predictions. He is now betting on the... -
From West to East: Where to Invest In the New Era
Posted on December 4, 2011 | No Comments“Where should I invest my money?“ I’m frequently asked this question, and almost invariably, the speaker asks it in a tone of fear and concern. And there is much to... -
The Dash Show
Posted on November 16, 2011 | No CommentsI had the pleasure of being a guest panelist on the Dash Show. The Dash Show is the media outlet of the Online Party of Canada, which is is a... -
Avoiding bankruptcy – Debt Management Plan & Consumer Proposals
Posted on August 25, 2011 | No CommentsI am often asked what is the best debt counselling service available to someone who wishes to get out of debt without going bankrupt. The answer to this question depends... -
Why are American debt managment firms coming to Canada?
Posted on July 27, 2011 | No CommentsYou may have noticed a recent proliferation of telemarketing calls, TV ads and radio ads from “non-profit” debt management/debt counselling companies in the Greater Toronto Area. Almost all of these...