If you have a debt with the bank, they'll do their very best to collect it from you. Typically, in year six, they give up entirely and write the debt off.

However, just slightly before the seven years are up, right when it is about to be removed from your credit report, they will sell the debt for pennies on the dollar to a third-party agency. This agency will then usually file a small claims lawsuit against you to try to collect on it.

These lawsuits are easy to win because you do not have a contract with the debt buyer, and you do not have to acknowledge the fact that you ever had a debt. After all, how would you remember what you signed and didn't sign seven years ago?

I always wondered how debt could be a commodity that could be sold both ways. As the debtor, could you sell the debt?

For more than 40 years, everybody told me no: just "because reasons" and "because that's how it is."

I will never accept that as an answer. The word "no" is not the end of anything. It's merely a stop sign: stop, look around, rethink, and advance.

At least, that's how all of us should see it.

I had a eureka moment over a cup of coffee in Costa Rica about how we could buy corporations, take over all of the debt, and then sell the individual back their assets (for a fee, of course).

I came up with that after having read the entire Income Tax Act for the fifth time.

I took all of my contempt, disdain, and hatred of the Canadian government and turned it into the ultimate service, which completely destroys all of your corporate debt.

Here is how it works:

  1. You have a corporation with debt, and the CRA and possibly creditors are pestering you for it.
  2. You've determined that there is no way for you to pay these debts off.
  3. The CRA has threatened you with taking your house, your car, your dog, your cat, your children, and all of your money if you don't pay the HST and the payroll outstanding.
  4. You contact us and tell us you want to sell your corporation and start over.
  5. You fill out the form on my website.
  6. We talk to you for an hour.
  7. We buy your corporation from you.
  8. You buy back all of your assets from us.
  9. We send the CRA and every one of your creditors the letters telling them to pursue us and not to pursue you.

That's it. You're now out of debt, and you get to start over completely.

I know that what I'm telling you here seems incredibly fantastic and over the top, but that's only because you've not dedicated 41 years of your life to learning how to beat the CRA. I have.

I'm better than almost every lawyer in the country, and I have one incredible team. Together, we're going to get you out of debt as quickly as we can.

If you're sick and tired of the CRA, then stop dilly-dallying, thinking about it, and arguing with your spouse over dinner. Just sell us your corporation and start living.

drowning-in-corporate-debt-sell-us-the-corporation-and-start-over.