Will Filing Bankruptcy Or Consumer Proposal Affect My Children?

Many people take pride in providing a good life for their family and children and are wondering if filing bankruptcy or making a consumer proposal will affect their children. People spend their whole lives working to provide a secure home, food to eat, and warm clothing to wear. However, many Canadians are also dealing with… Continue reading Will Filing Bankruptcy Or Consumer Proposal Affect My Children?

Bankruptcy Creditors Meeting: What Questions Will They Ask?

What Do I Need to Know About The Creditors’ Meeting in a Bankruptcy? If your assets in a bankruptcy are less than $15,000, your bankruptcy is considered a “summary administration,” and a bankruptcy creditors’ meeting is not automatically required. Almost all bankruptcies in Canada are a summary administration and therefore most bankrupts won’t be required… Continue reading Bankruptcy Creditors Meeting: What Questions Will They Ask?

3 Things to Know about Surplus Income in Bankruptcy

What You Need to Know About Bankruptcy’s Surplus Income Requirement Surplus income is a requirment in bankruptcy that certain individuals are required to make. The government has given this name of surplus income to the monthly bankruptcy payment calculations that trustees must make when someone files personal bankruptcy. Using a specific set of rules, your… Continue reading 3 Things to Know about Surplus Income in Bankruptcy