Posts Tagged ‘licensed insolvency trustee’

What Happens To Life Insurance When I Declare Bankruptcy?

In evaluating your assets in a bankruptcy situation the Licensed Insolvency Trustee is determining if there is any equity or value in the asset that is potentially available to your creditors, subject to any exemptions under Provincial or Federal legislation for that type of asset.

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What Happens to Student Loans in Bankruptcy?

If you have been a full- or part-time student in the seven years prior to your bankruptcy or consumer proposal, you will not be discharged from a student loan and payments will resume as soon as you are done.

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New Payday Loans Rules as of January 2018

If your finances are strained, a payday loan may solve an immediate need, but, their cost will take more money out of an already strained situation and, over time, make your situation worse.

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