fresh start - Consumer Proposal & Bankruptcy

What Does It Mean to File For Personal Bankruptcy in Canada?

October 21, 2017

Personal bankruptcy provides a financial fresh start when other options are not practical. Even if you don’t want to use bankruptcy to resolve your situation, you should still understand how it works and don’t ignore the option just because of the “B” word.

What Is the Bankruptcy and Insolvency Act (“BIA)

March 29, 2016

Generally speaking, the BIA is a federal statute that governs bankruptcy, proposal and receiverships in Canada. It provides relief to the honest, but unfortunate debtor from the crushing burden of debt so they can get a fresh start.