Posts Tagged ‘licensed insolvency trustee’
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.
Read MoreBuying 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.
Read MoreBuying 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.
Read More3 Questions Every Creditor Will Ask Themselves
If one or more of these scenarios apply, you may need to offer your creditors more than normal in order to convince them to say “yes”.
Read MoreWhat 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.
Read MoreWhat 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.
Read MoreAre your finances getting off track and out of control?
The earlier you identify warning signs of financial challenges and recognize the driving factors, the easier it will be to address those factors and get back on track.
Read MoreNew 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.
Read MoreA Gentler Method: Why a Negotiated Consumer Proposal Can Be A More Fair and Reasonable Debt Solution
If you have debt problems you also have options. A Consumer Proposal can be a much better and more manageable solution than bankruptcy to resolve your debts.
Read MoreReset and Restart: Personal Bankruptcy and the Relief from the Stress of Unmanageable Debt in Canada
Personal Bankruptcy is the last choice for most individuals but it is good that this process is available because, without it, there might be no relief from the stress of unmanageable debt.
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