Posts tagged Investments and bankruptcy
When Small Business Owners Run Into Financial Trouble, What They Need is Help

We believe that entrepreneurs should be encouraged and supported, particularly when they run into financial difficulty.

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What happens to a business when a shareholder goes bankrupt?

A shareholder’s personal bankruptcy or consumer proposal always creates questions and sometimes concerns for anyone who has an interest in the business. Here are a few answers.

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Buying vs. Leasing a New Vehicle – Part Two – The Risks and Benefits of Leasing

Remember, leasing is like renting so there are usage limits. This isn’t actually your vehicle.

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Buying vs. Leasing a New Vehicle – Part One – 3 Important Points to Remember

Figuring out how to pay for this expensive infrastructure is something most of us have to consider.

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What Happens to my RRSPs and Other Investments in Bankruptcy or a Consumer Proposal

RRSPs are exempt from seizure with the exception of contributions made by you during the 12 months prior to filing for bankruptcy. These funds get deposited with your Trustee for the benefit of your unsecured creditors. In some cases, even the amount contributed in the last 12 months could be exempt; this needs to be reviewed with the Trustee.

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