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Why Does Declaring Bankruptcy Cost Money?

Posted by in Bankruptcy
16
May 2016
One common problem families face when they go bankrupt is they don’t have the financial resources to go through the bankruptcy process. This can seem like a never-ending cycle, but it’s important to remember the long-term benefits of declaring bankruptcy and the resources available to help pay for the bankruptcy process. In ...


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The Impact Of Basic Income On Personal Bankruptcy

Posted by in Bankruptcy
9
May 2016
Earlier in 2016, the Ontario government under Kathleen Wynne announced they would be trialing a basic income program within the 2016 budget. This announcement has prompted government figures at the Federal level to investigate the possibility of instituting basic income for all Canadians. When analyzing the potential of ...


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Can A Creditor Go After My Government Income?

Posted by in Bankruptcy
2
May 2016
In a successful lawsuit, garnishment of wages and bank accounts may be awarded in the judgment. Since income assistance isn’t considered a wage, it cannot be garnished by regular creditors. The Government Can Garnish Federal Payments If you owe the government money, you may see deductions from your usual government ...


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