Leamington
Gordon Sands Calculating Surplus Income With Vacation Pay Bankruptcy trustees have a legal right to collect any surplus income you make to repay your creditors. But do you also need to include surplus income in this calculation? Most people receive a fixed paycheque each month that includes vacation pay. However, some companies do payroll accounting differently, handing … Read more
How Are Gifts Treated During Bankruptcy? When you file for bankruptcy, it is only natural to wonder whether the people working on behalf of your creditors can collect the gifts you receive. Canadian law permits insolvency agencies to collect all “non-exempt assets” and then distribute the funds they generate to creditors equitably. In some cases, … Read more
Consumer Proposals and Bankruptcy: Is There a Difference? One of the first steps towards paying off your debt is to explore all of your options. And through this process, you might have come across two options – a Consumer Proposal and bankruptcy. But what’s the differences and similarities between the two? In order to decide … Read more
Car Repossession & Unpaid Debts If you’re in debt, one of the main concerns that you might have is whether or not your creditors can take your assets as a way of accruing some or all of the payment that you owe them. And one of these assets could be your beloved car. A concern … Read more
How Can I Get CRA Debt Forgiveness For Income Tax Debts? When you have unpaid income tax, you might feel a lot of pressure to try and get it sorted. However, many people are unaware of the best course of action to take – no matter if they haven’t paid on time or filed their … Read more
Learn How to Manage Your Money As a Post-Secondary Student Have you just started university? First of all, congratulations – it’s a great achievement to get into university and you have an exciting time ahead of you. However, as part of these next few years, you’re going to want to find the best ways to … Read more
Is It Possible For Me to Go Bankrupt If I’m a Medical Doctor? You might be wondering – can a medical doctor in Canada file for bankruptcy if they still want to practice? No matter how much you earn, you could at one point or another find yourself in financial turmoil, leading you to consider … Read more
Are you worried about how filing for bankruptcy is going to impact your future finances and your credit report? Here’s what you need to know. People often assume that once you finish filing for bankruptcy, the slate is wiped clean and you can start again from a fresh financial situation. In a way, this is … Read more
Creditors Are Threatening Legal Action: Here’s What To Do Are you struggling with creditors who are threatening to pursue a legal course of action? This guide will tell you everything you need to know about handling a situation like this. If you owe money you will always be feeling incredibly stressed. This can be made … Read more
Received a Debt Collection Letter or Call? Here’s What To Do Financial issues are one of the main causes of stress for people under the age of thirty today. One of the biggest fears is being pursued by a debt collection agency and this occurs far more than people realize. It’s even possible to be … Read more
How To Walk Away From A Mortgage It’s possible that you have negative equity in your home. This basically means that the mortgage has a higher value than the market value or equity of the property. It is often referred to as being underwater. Ultimately, this means that when it’s time to sell, the home … Read more
Selling Belongings Before Going Bankrupt Bankruptcy is always going to change how you think about your personal affairs and specifically your personal finances. When you do file for bankruptcy, you will need to work with a trustee. They will be responsible for ensuring that you take the right actions here and that you are being … Read more
Personal Bankruptcy or Credit Counselling? Which is Right For Me? If you are struggling with debt there are numerous options for relief including bankruptcy and credit counselling. In this article, you’ll find the strengths and weaknesses of these two plans. Filing for bankruptcy is always going to be a major decision in your life. This … Read more
Your Spouse and Your Debt Millions of people across Canada have borrowed money at some point in their lives. According to the Canadian Bankers Association, 19% of all money borrowed relates to debts like personal loans, and 5% is credit card debt. Another interesting statistic is that the majority of all borrowing relates to mortgage … Read more
Received a Notice of Claim for a Debt? Here’s Our Tips A Notice of Claim is a document that informs you you’re being sued due to an unpaid debt. Sometimes known as a Statement of Claim or Demand letter, it will usually arrive via registered mail or be hand delivered by a courier. When people … Read more
How Is Student Loan Debt Treated In A Consumer Proposal? You’ll naturally have many questions concerning the topic of student loan treatment in a consumer proposal. Can the loan be struck off of your repayment obligations? Are you an eligible candidate? How does it impact the consumer proposal? Here’s all you need to know. Need … Read more
How to Find Relief From Your Debts Money worries are an all too common occurrence in modern life, and growing debts can leave you feeling as though there is no way out. However, support is available if you’re willing to reach out for a helping hand. With the correct debt relief in Canada services by … Read more
What Are My Duties Under Bankruptcy Law? If you’re struggling with personal debts, insolvency is one of the solutions available to help you improve your situation. Understanding more about the Bankruptcy & Insolvency Act can help you establish what are the duties in bankruptcy law, and whether or not it’s the right choice for you … Read more
What’s The Difference Between a Consumer Proposal and Bankruptcy? Many people struggle with debt repayment, and if things are starting to get out of control, it’s important to look at the available options and make sure you choose a solution that works for you. While bankruptcy can feel like your only option, there is another … Read more
Filing a Joint Consumer Proposal For Mutual Debt If you’re struggling to pay your debts, it’s important to know the options that are available to help you get out of it. In Canada, an individual can file a consumer proposal, which acts as a debt settlement between the debtor and creditor through a Consumer Proposal … Read more
