Bankruptcy Nova Scotia
Bankruptcy in Nova Scotia as a Path to Financial Recovery
Many individuals and families grapple with the crushing burden of overwhelming debt. It’s a burden that transcends numbers on a spreadsheet and impacts emotional and practical aspects of life. This article explores potential strategies for navigating the darkest financial times, providing a deeper understanding of bankruptcy as a last resort option. While this strategy isn’t…
Read MoreHow Many Times Can You Declare Bankruptcy In Canada
Have you been curious as to how bankruptcy works in Canada? More specifically, how many times you can file bankruptcy? In theory, you can declare bankruptcy as many times as you like in Canada. Practically speaking, however, every time you file the consequences and the difficulty in receiving a discharge from your bankruptcy increases. The…
Read More2016 Surplus Income Standards
When an individual files for personal bankruptcy the trustee will calculate whether or not he will be required to make surplus income payments based on his net household income.
Read MoreDo I Have To Continue Paying Student Loans During My Bankruptcy or Consumer Proposal?
Even though your student loan debt may not be discharged as part of your personal bankruptcy or consumer proposal, the creditor is still prohibited from normal collection activities during your personal bankruptcy or consumer proposal. We recommend paying the interest portion of the payment during your personal bankruptcy or consumer proposal.
Read More