Alternatives to Bankruptcies: Pros and Cons of Filing in Canada
Navigating a financial slump can be a difficult and uncertain time for individuals and businesses alike, with bankruptcy often looming as the only option. But, luckily, there are other alternatives to consider before taking such a drastic step, including debt consolidation, consumer proposals, credit counseling, and debt settlement. This article will provide an overview of…Read More
Filing Bankruptcy When Married or Common-Law: What You Need To Know
Filing for bankruptcy is a difficult decision to come to. There are many factors to consider when determining if it’s the right option for you. When you’re married or in a common-law relationship, debt problems become more complicated. Filing bankruptcy as a married person or common-law partner has its own set of concerns that must…Read More
How To Get a Mortgage After Bankruptcy: Mortgage For Bankrupts 101
**Note to reader: This article was written by Alex Lavender, a Halifax-based local mortgage broker. We are asked this question often and thought it would be best to get information directly from an industry professional. If you have any questions about obtaining a mortgage after you have filed for a bankruptcy or consumer proposal, we…Read More
How 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 More
Do I Have To Meet With My Creditors If I File A Consumer Proposal Or Personal Bankruptcy?
It is uncommon for a consumer to have to meet their creditors, in person or virtually, whether they file a consumer proposal or a bankruptcy. However, there are instances where this may be necessary. This possibility arises when a Meeting of Creditors is held. These occur at varying timelines depending on whether you file a…Read More
Judgments & Liens 101: The Basics
If you own property & assets and are struggling with debt or dealing with collectors you have undoubtedly heard the terms ‘Judgment’, ‘Judgment Lien’, and ‘Lien’. These can be awfully confusing as they are often used interchangeably. In order to fully understand your rights as a property owner and what protections you have, it is…Read More
Can Creditors Stop Me from Filing a Consumer Proposal or Personal Bankruptcy?
When you are struggling with debt, it can feel like you are stuck in a nightmare. You may not know where to turn for help. And when you finally find the courage to reach out for assistance, you may be worried that your creditors will try to stop you from filing a Consumer Proposal or…Read More
Will a consumer proposal or personal bankruptcy deal with business debt?
When you are struggling with business debt, it can feel like you are stuck in a nightmare. You may not know where to turn for help. Do you file for a consumer proposal or personal bankruptcy? Which one is best? How will they impact me, and my business? These are great questions that we will…Read More
Does A Government Debt Relief Program Actually Exist?
With the additional government funding, financial hardship programs, and other government spending due to the pandemic it is completely understandable why we have seen an increase in queries related to the existence of government debt relief and debt relief for Canadians. If you are looking for a debt relief company, you are certainly not alone.…Read More
Will a consumer proposal or personal bankruptcy release me from all types and forms of debts
When it comes to unmanageable debt, there are a few different debt relief options available to you: consumer proposal and bankruptcy. Each option has its own benefits and drawbacks, so it’s important to understand what each one entails before making a decision. In this article, we will focus on the question of whether or not…Read More