FINANCIAL TROUBLE? WE CAN HELP!
LICENSED INSOLVENCY TRUSTEE SERVICES & DEBT CONSOLIDATION

click to Book a free consultation
or CALL TO BOOK AT 1-888-329-5198

Social Status of a Canadian Citizen After Filing Bankruptcy in Canada

Posted by in Bankruptcy
7
Jan 2019
Filing for bankruptcy is never an easy decision. It often comes at a time when you are in dire circumstances that can include loss of a job, illness, unmanageable debt, and marriage breakups. All of these situations are stressful enough without having to file a bankruptcy proposal. If you have looked at all of your options, such ...


Read More »

Post Comments

Can you still buy or rent a home after consumer proposal in Canada?

Posted by in Bankruptcy
25
Oct 2018
A bankruptcy (BK) or consumer proposal (CP) agreement could impact a borrower’s ability to rent or own a home. However, often these options are helping people clean up overwhelming debt which would also provide barriers to credit and rental options. There are several common sense options for people who want to pursue home ...


Read More »

Post Comments

What Rights Do Secured Creditors Have?

Posted by in Bankruptcy
27
Sep 2018
When one is forced to contemplate filing for bankruptcy, it’s an important process that is not entered into lightly. Contrary to popular belief, not everything you own is seized when you file for bankruptcy. Not only is there a long list of assets that are exempt from seizure, but there is also a hierarchy among your creditors ...


Read More »

Post Comments

What Can You Keep in a Bankruptcy?

Posted by in Bankruptcy
12
Sep 2018
Most, if not all of us aspire to be the kinds of people that pay their bills on time and have no significant money issues. Unfortunately, sometimes financial pressures, bad decisions, and just plain bad luck can bring things to the point where bankruptcy is the best – even only – solution. If this should ever happen ...


Read More »

Post Comments

What Happens to Debt Resulting from Fraud in Bankruptcy?

Posted by in Bankruptcy
27
Aug 2018
The Details Concerning Filing a Fraudulent Bankruptcy in Canada There are numerous reasons a consumer ends up in bankruptcy. Despite this, the results remain the same for everyone that files. Once the requirements for the process have been completed successfully, any unsecured debts are eliminated and the individual is ...


Read More »

Post Comments

5 Bankruptcy Facts You Need to Know

Posted by in Bankruptcy
20
Aug 2018
No one aims to become bankrupt, but 125,878 Canadians filed for personal bankruptcy in 2016. It’s projected that one in six Canadians will become bankrupt at some point in their lives. When you’re at the point of considering bankruptcy, it’s helpful to know you’re not alone. In fact, you’re in good ...


Read More »

Post Comments

What Happens to My Leased Car If I Go Bankrupt?

Posted by in Bankruptcy
11
Jun 2018
Consumer proposal and bankruptcy laws both deal with the same thing: a person's unsecured debts. These can be anything from lines of credit, credit cards, debts on income taxes, and personal loans. Thus if you are filing a proposal or for bankruptcy, you have the option of keeping the secured item and continuing payments or ...


Read More »

Post Comments

Credit Repair After Bankruptcy

Posted by in Bankruptcy
5
Feb 2018
If your business or personal finances are in serious trouble, filing for bankruptcy can give you the relief you need and a clean slate to start over. However, many are concerned that bankruptcy will ruin their credit. Generally, anyone who’s considering bankruptcy already has bad credit due to delayed payments or their ...


Read More »

Post Comments

What Retirees Should Know About Bankruptcy

Posted by in Bankruptcy
22
Jan 2018
Retirement is supposed to be a joyous time when we can relax and enjoy the life we’ve built for ourselves, our children and grandchildren. Unfortunately, many of us will find that impossible, since we will be saddled with debt. If you have reached retirement age, are a recent retiree or have been retired for years and are ...


Read More »

Post Comments

Will Bankruptcy Affect My Student Loans?

Posted by in Bankruptcy
15
Jan 2018
If you find yourself in a financial nightmare where you cannot get out from under a mountain of debt because of your student loans, you may be wondering if bankruptcy is the right option for you. There are rules for declaring bankruptcy when you have student loans. In Canada, we have what is known as the Bankruptcy & Insolvency ...


Read More »

Post Comments