Debt Settlement
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 some bankruptcy alternatives to consider before taking such a drastic step, including debt consolidation, consumer proposals, credit counseling, and debt settlement. This article will: Weighing up all…
Read MoreAvoiding The Debt Consultant Trap
In recent years, the number of debt consultants in Canada has seemingly increased significantly. These businesses claim to offer to help consumers reduce their debt, stop interest, and stop collection calls. These claims seem great – I mean who wouldn’t want all those benefits? The issue is that all of these claims are misleading at…
Read MoreDo I Qualify For Bankruptcy?
Basically, if you owe at least $1,000, are unable to keep up with your monthly debt payments and do not have assets such as vehicles, house, or investments that you can sell to pay your debts in full, then you can choose to file personal bankruptcy. It is your choice whether or not to voluntarily put yourself into bankruptcy and no one can stop you.
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