Category: Bankruptcies

• Bankruptcies
• Something to Think About

Canada’s shameless credit card industry is being investigated most for the fees it charges, but it is unlikely that we will see changes in consumer protection laws thathelp abate the need for credit.

• Bankruptcies
• Consumer Proposals

Licensed Insolvency Trustees are often asked “what is the difference between a Proposal and a Bankruptcy?”.  The answer is a little complicated because it depends a lot on your individual circumstances. If you have no house and low income and have never been bankrupt before then a Bankruptcy may be a better solution, however, if […]

• Bankruptcies
• Consumer Proposals

Quebec introduced legislation to regulate the banks and the impact on insolvency statistics was startling.

• Bankruptcies
• Consumer Proposals

Free bankruptcies and proposals? Well not entirely, but in a sense insolvency proceedings are frequently paid for by deductions from money that would otherwise be available to Creditors. In effect then, it is they who pay for consumer proceedings.

• Bankruptcies
• Something to Think About

Should you go bankrupt or keep paying the mortgage? You must understand that going bankrupt is not only about your past or even you present, but it will also affect your future. A well timed bankruptcy can save you hundreds of thousand of dollars.

• Bankruptcies
• Something to Think About

Surplus what surplus? If you are bankrupt and have been assessed for surplus income, and you can’t afford to pay it, do not dispair you have alternative possibilities.

• Bankruptcies
• Consumer Proposals
• Something to Think About

After three years of highly impactful reckless lending, insolvency rates are starting to return to normal filing levels. We anticipate a slight uptick in the new year.

• Bankruptcies
• Consumer Proposals
• Counselling
• Something to Think About

Use this blog article as a guidline to compare debt solutions.

• Bankruptcies
• Consumer Proposals
• Something to Think About

Canada’s first choice for debt solutions, a proposal, can help you save your home while managing debt.

• Bankruptcies

This is Part II of our |Surplus Income blog describing some of the practical components of calculating surplus as well as dealing with mediation or court adjustments.

• Bankruptcies

Surplus income is something that all bankrupts, and their Trustees, must consider – in Part I we look at the history of surplus income in Part II we will take a more practical view.

• Bankruptcies

Getting a discharge from bankruptcy is an essential part of the process. A discharge is usually an uatomated process, but in some cases requires a court intervention.

• Bankruptcies

Bankruptcy is great for providing protection from actions by creditors, eliminating debt and creating a fresh start.

• Bankruptcies
• Consumer Proposals

Rates are still increasing and so are prices, and taxes. Many folks are in a financial survival mode right now. We have a few strategies to help you keep your house.

• Bankruptcies
• Consumer Proposals

Bankruptcy or proposal, we have the right solution for you and your family – get good information.

• Bankruptcies

Bankruptcy filings are not what you may expect. The volume of debt continues to increase but remaining in debt into perpetuity has been normalized by banks.

• Bankruptcies

The Section 161 Examination has two pruposes, it is most often used as a routine backcheck, but sometimes used as an exploratory mechanism to detail the sale or disposition of property prior to filing an insolvency proceeding.

• Bankruptcies

Many folks view bankruptcy as a one off event “I can only go bankrupt once!” which it really should be. However, a significant number of bankrupts’ have filed more than one or two bankruptcies, the most we have heard of is five times.