Posts Tagged ‘financial stress’
Can Bankruptcy Deal With My Student Loans?
Individuals who file a personal bankruptcy or consumer proposal, at least 7 years after ceasing to be a part-time or full-time student, are released from paying their Canadian student loan debt.
Read MoreWhat is Surplus Income and How Will it Affect My Bankruptcy?
Surplus Income is having excess income above the net monthly income threshold, set by the Superintendent of Bankruptcy, for a person or family to maintain a minimal standard of living in Canada.
Read MoreWhat Happens to my Investments in Bankruptcy
Your RRSP is exempt from seizure except for your contributions in the 12 months before filing personal bankruptcy or a consumer proposal.
Read MoreWhy Choose a Licensed Insolvency Trustee For Advice?
A Licensed Insolvency Trustee will treat you in a dignified manner and review the facts of your situation and review the options to deal with your financial situation, including explaining how personal bankruptcy or a consumer proposal would work for you so that you can make an informed decision and choose the solution that is best for you.
Read More10 Warning Signs of Financial Hardship
Most people don’t want others to know about their finances so they avoid reaching out for help out of embarrassment and fear. However when they finally build up the courage to make that call or send that email, they usually feel a great sense of relief and are surprised to find out that it’s not nearly as bad as they had imagined; there are solutions.
Read More