Category: Bankruptcies

Regulate the Banks – startling statistics

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September 12, 2024

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

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Free Bankruptcies and Proposals

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September 12, 2024

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 them.

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Go Bankrupt, or keep paying the Mortgage?

July 8, 2024

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.

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Surplus, what Surplus?

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October 19, 2023

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.

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Insolvencies are Increasing.

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July 24, 2023

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.

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Compare Debt Solutions

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July 6, 2023

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

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Save your Home – what you need to know!

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July 4, 2023

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

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Surplus Income Part II – Application

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June 20, 2023

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.

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Surplus Income Part I – History

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June 20, 2023

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.

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Discharge from Bankruptcy – explained.

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May 16, 2023

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.

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Bankruptcy is Great!

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January 17, 2023

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

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How to Keep your House

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December 8, 2022

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.

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BANKRUPTCY OR PROPOSAL

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September 5, 2017

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

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ARE BANKRUPTCY FILINGS UP?

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September 5, 2017

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.

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I can only go bankrupt once!

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September 5, 2017

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.

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Section 161 Examination

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September 5, 2017

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.

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