Consumer Proposal
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 MoreJudgments & 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 MoreCan 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 MoreWill 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 MoreDoes 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 MoreWill 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 MoreFinancial Deep Cleaning Series – Part 3
It is important to stay on top of your finances and keep a finger on the pulse of your household budget.
Read MoreBankruptcy: My Name is Still On My Ex-Spouse’s Home
To get your name off of the mortgage, your ex-spouse will have to qualify for the mortgage, on his or her own name, when the mortgage comes up for renewal. Whether or not they qualify is up to their financial institution.
Read MoreDebts Owing to the Canada Revenue Agency
Many people believe that debts owing to CRA will never go away. That is not necessarily the case, particularly when an individual goes bankrupt or files a proposal under the provisions of the Bankruptcy and Insolvency Act (“BIA”). However, prior to file personal bankruptcy or a consumer proposal, CRA has some significant legislated powers to collect debts.; including garnishing paycheques, seizing bank accounts.
Read MoreHow to Avoid Bankruptcy
You can’t go bankrupt if you have no debt! Bankruptcy is a relief valve for people and companies who find themselves unable to cope with overwhelming debts. Bankruptcy is not necessarily the only option for resolving debts, but the availability of other options depends on individual circumstances. The sooner you identify and get assistance with your debts, the more options you have.
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