Most Recent 'Filing Bankruptcy in Canada' Posts

Canadian Debt Consolidation What is debt consolidation? Debt consolidation is the process of procuring a new loan to pay off all your previous loans and debts. When you owe money to multiple lenders, it becomes difficult to be on top of all the monthly payments of these loans. By consolidating your debts, you have to […]

Conditional Discharge in Bankruptcy Ever heard of a person being denied being released from his/her bankruptcy status by Court Order? They are probably being held under “Conditional Discharge in Bankruptcy”. Want to know what this term means and what its implication are? Read on below. What is Conditional Discharge in Bankruptcy? Discharge is the final […]

Can I Keep my Leased Car During Bankruptcy?  What happens if you are currently leasing a car, but need to file for bankruptcy in Canada? Is there a way to keep your vehicle and continue making lease payments, even after you’ve declared bankruptcy? The answer is yes, although the specific rules vary from province to […]

5 Facts About Wage Garnishment in Canada When you’re unable to pay your bills, your creditor may seek to garnish your wages. Wage garnishment is a court proceeding that lets them take the money you owe directly from your paycheque. When you’re already struggling to make ends meet, this measure can make your financial situation […]