If I Live In Saskatchewan, Can I Keep My Car In A Bankruptcy?

Understanding Bankruptcy in Saskatchewan: Can You Retain Your Vehicle? Residing in Saskatchewan and considering filing for bankruptcy, but unsure if you can retain your car? This is a common question that most Trustees and Proposal Administrators in Saskatchewan often encounter. Let’s break down the topic to provide a better understanding. Assessing the Value of Your … Read more

If I Make a Consumer Proposal or File Personal Bankruptcy, Will I Be Able to Rent?

Does Going Bankrupt or Making a Proposal to My Creditors Impact My Ability to Rent a Home? Filing for personal bankruptcy or making a consumer proposal can significantly impact your credit score, potentially influencing a landlord’s decision to accept your rental application. But, does it mean renting is an impossible task for those dealing with … Read more

If My Ex-Spouse Files Bankruptcy, Will It Affect Our Joint Mortgage?

What Happens When My Ex-Spouse Files Bankruptcy? Impact on our Joint Mortgage Bankruptcy is a legal proceeding that offers a fresh start to people who can’t repay their debts. But what happens if your ex-spouse files for bankruptcy, and you have a joint mortgage? How will it affect you and your financial obligations? This comprehensive … Read more

I Am Living Common Law With A Person Who Is Bankrupt And Pays Surplus Income

Understanding Common Law Living With a Bankrupt Partner Life can sometimes throw us unexpected curveballs, and financial hardship is one of them. This article aims to shed light on a specific situation – Living Common Law with a person who is bankrupt and pays surplus income amounts each month. What is Common Law? Common Law … Read more

I am Living With A Second Time Bankrupt Who Filed A Year Before We Moved In Together

Does Living With Someone Who Has Gone Bankrupt a Second Time Affect Me? Living with someone who has declared bankruptcy twice can be a challenging situation, especially if they filed for it a year before you moved in together. This situation can raise numerous questions about how their financial status will affect you and your … Read more

I Have a Financed Vehicle Can I Keep It If I Declare Bankruptcy? Financed Cars in Bankruptcy

Bankruptcy and Car Financing In the world of finance, uncertainties abound. One such uncertainty is: Can I retain my financed vehicle if I declare bankruptcy? This question is particularly pertinent for individuals who have recently committed to a vehicle finance agreement and are now contemplating bankruptcy. In this article, we intend to explore this subject … Read more

How Will Bankruptcy Affect My Job?

The Impact of Bankruptcy on Your Career: A Comprehensive Guide As the specter of personal bankruptcy looms large, many people in Canada are concerned about the possible implications on their professional lives. The term “bankruptcy” itself triggers a sense of intimidation due to the unfamiliarity of the process and its potential effects on daily life … Read more

How Will Bankruptcy Affect My Retirement Income And Investments?

Understanding the Impact of Bankruptcy on Retirement Savings and Revenue As the golden years of retirement beckon, it is not uncommon for individuals to be saddled with significant debt. This often leads to the contemplation of bankruptcy as a way out. However, the thought that follows is usually: How Will Bankruptcy Affect My Retirement Income … Read more

How Your Income Tax Return Is Filed During Bankruptcy

Understanding the Mechanism of Income Tax Return Filing in Bankruptcy The process of How Your Income Tax Return Is Filed During Bankruptcy can seem like a daunting task, particularly when you’re dealing with the stress of financial insolvency. However, the procedure is more systematic than it seems. This article aims to demystify this process and … Read more

How to Steer Clear from Debt Settlement & Debt Relief Company Scams

Avoiding Debt Settlement & Debt Relief Company Scams Dealing with debt can be overwhelming, and the allure of a quick solution can be tempting. However, not all debt relief companies have your best interest in mind. Understanding how to avoid scams is crucial. What is Debt Settlement? Debt settlement is a negotiation process where a … Read more

How To Successfully Complete Your Bankruptcy

A Successful Completion Of Your Bankruptcy is Important Fulfilling all the duties under the Bankruptcy and Insolvency Act (BIA) is a necessary prerequisite to successfully complete your bankruptcy and start anew. This article aims to provide a definitive guide on how to successfully complete your bankruptcy. Understanding Bankruptcy Bankruptcy is a legal procedure that offers … Read more

How to Remove a Real Estate Writ after a Bankruptcy or Consumer Proposal

In navigating the complex world of financial obligations, one might encounter the term ‘writ’ in relation to their property. This term often crops up in situations involving bankruptcy or consumer proposal. So, what does it mean, and more importantly, how can you remove a real estate writ following a bankruptcy or consumer proposal? This comprehensive … Read more

How to Remove Collections From A Credit Report

Eradicating Collection Entries from your Canadian Credit Report Maintaining an impeccable credit report is no easy task, especially when you are grappling with collection entries. If you’re in Canada and dealing with this predicament, this article is your guide on How to Remove Collections From A Credit Report in Canada. 1. Is it Possible to … Read more

How to File Bankruptcy Online in Canada

Filing For Bankruptcy Online In today’s digital age, many processes have moved online for convenience and efficiency. One such process is filing for bankruptcy in Canada. This guide will provide a comprehensive overview on how to file bankruptcy online in Canada, with a particular focus on the role of Licensed Insolvency Trustees (LITs) and the … Read more

How to Get a Credit Card After Bankruptcy

Is it Possible to Get a Credit Card After Bankruptcy? Bankruptcy can feel like a tremendous setback, but it also offers an opportunity to reset your financial slate and start anew. Among the strategies for rebuilding your credit report in Canada, obtaining a credit card post-bankruptcy is a noteworthy one. But how and when can … Read more

How to Choose Between a Consumer Proposal and Bankruptcy: Making the Decision

Deciding Between a Consumer Proposal and Bankruptcy: A Comprehensive Guide When you find yourself drowning in credit card or other forms of debt, it can seem like there’s no way out. But don’t lose hope! There are legal solutions available to help you regain your financial footing. The Bankruptcy and Insolvency Act provides two primary … Read more

How Public Is Personal Bankruptcy?

Who Will Know About My Personal Bankruptcy: Is Bankruptcy Public Records? People often have concerns about the publicity of personal bankruptcy. While it’s natural to worry, the reality is that most personal bankruptcies are only known to the involved creditors. In this article, we delve into the intricacies of how public personal bankruptcy can be. … Read more

How Soon Will My Credit Score Improve After Bankruptcy? Learn Here

For many, bankruptcy serves as a last resort when debt becomes unmanageable. It provides a legal means to find some relief, but it also brings significant implications for your financial future, most notably on your credit score. This guide will explore how soon your credit score can improve after bankruptcy in Canada. Defining Bankruptcy Personal … Read more