Posts Tagged ‘licensed insolvency trustee’

The End of a Business – Corporate Bankruptcy in Canada

Canadian Companies can face Corporate bankruptcy either voluntarily or involuntarily. Corporate bankruptcy will be the End of the Company’s Existence. Good to know! In exceptional circumstances, a bankrupt company could make a proposal in order to exit bankruptcy. Creditor approval is required for this to occur.

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Week 2: How To Live In Debt To No One

Calvin Coolidge once said, “There is no dignity quite so impressive, and no independence quite so important, as living within your means.”  I like to think what he meant by this is that when you live within your means, you can hold your head high because you are beholden to no one. 

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November is Financial Literacy Month

Financial Consumer Agency of Canada (“FCAC”), FLM is a coordinated effort “to strengthen the financial literacy of Canadians and empower them to manage money and debt wisely, save for the future and understand their financial rights and responsibilities”.

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What Does It Mean to Voluntarily File for Corporate Bankruptcy?

If your debt problems seem insurmountable – we can help. We service the Maritime Provinces. A company can face Corporate Bankruptcy either voluntarily or involuntarily. In order to become bankrupt voluntarily, the board of directors passes a resolution authorizing the company to file for Bankruptcy. Any company that owes at least $1,000 and is unable…

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What Does It Mean to ‘Restructure’ or File a Corporate Proposal?

When their is a viable business with too much debt to handle, a Corporate Proposal can be used to restructure the Company so it can continue in business. We can help guide the business through a restructuring. A corporate proposal is filed with the intent of restructuring the debt of a company and allowing the…

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

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.

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The Up-Sell

You can’t make it through a drive-through without “do you want to upsize that?”, “can we add a muffin?”, “do you want to make a donation to….”; no, thank you, I just want the coffee I ordered!

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