Filing Bankruptcy in Canada

Divorce And Bankruptcy There are several other problems that are often linked to financial issues. Relationship troubles are often related to money problems, with a divorce or relationship breakdown being one of the major causes of bankruptcy in Canada. Some people might already be experiencing financial difficulties before the end of their relationship. Need Help … Read more

The Morality of Filing Bankruptcy It’s difficult for people not to attach financial decisions and even financial health to morality. When you’re struggling with money, it can feel like a moral failing, especially if you are finding it difficult to pay bills and debts that you owe. Many people who are failing to repay their … Read more

What You Need To Know About What Follows Bankruptcy Bankruptcy may be the right option for those who have large amounts of debt that they are struggling to pay. Providing it is the right choice for your situation, it can help you to get that fresh financial start you’ve been hoping for. However, many people … Read more

Facts to Consider Before Going Bankrupt Many Canadians find themselves in debt from time to time. In fact, the average Canadian household has over $20,000 outstanding in non-mortgage debt. Yet, while debts are simply a part of life for many, they can easily spiral out of control. As interest rates rise and the principal gets … Read more

How Does Filing Bankruptcy Impact Home Ownership? Many homeowners might be thinking about how filing bankruptcy can affect them. And while the exemptions vary province to province, it’s important to get an overall understanding of the impact it can have before going into the process. Of course, with the guidance of a Licensed Insolvency Trustee … Read more

In Canada, the Bankruptcy process is legislated under the Bankruptcy and Insolvency Act, allowing those who have no other way to pay off their debts to declare insolvency, to use their assets to pay for a proportion of what they owe and to start a metaphorically new financial slate. It can be difficult to get … Read more

What Are The Stages Of Bankruptcy? Bankruptcy can be one of the most effective ways to deal with spiralling debt problems. When your debts become unmanageable, eliminating them via bankruptcy can allow you to reset your finances and move forward without the burden of escalating debts hanging around your neck. If becoming debt-free sounds almost … Read more

Solving Money Problems on Your Own A huge portion of Canada’s population is living with money problems. In fact, it’s estimated that as many as 46% of Canadians find themselves $200 or less away from insolvency at the end of each month, and up to 31% say that they can’t afford to cover all of … Read more

Looking For A Bankruptcy Trustee In Calgary? Talk To A Licensed Insolvency Trustee! If you’re looking for debt assistance in Calgary, your first instinct might be to seek out the help of a bankruptcy trustee. But, after a quick search, you’ll likely find that bankruptcy trustees are now referred to as Licensed Insolvency Trustees. The … Read more

What Does It Mean to Set SMART Financial Goals? We all have financial goals. Some of us are hoping to save for the future and others will be looking to pay off the debt that they have already accumulated. Many more individuals will be focused on trying to get the money together that they need … Read more

What Happens if I Miss a Mortgage Payment? For any number of reasons, you may stop in your tracks one day and say to yourself, “Help, I missed a mortgage payment. What happens now?” Although it’s a serious matter not to be taken lightly, be glad to know you do have options about what you … Read more

What are the Best Alternatives to Bankruptcy in Canada? Household debts are like campfires. Keep them under control and they can be extremely useful in difficult circumstances. But when you’re unable to manage them properly, they can quickly get out of control. If you choose to bury your head in the sand and leave them … Read more

Senior Citizens, Debt Issues & Filing Bankruptcy in Canada Debt problems can affect people of any age, so whether you’re young and in the prime of your life, or an older citizen and past retirement age, you might still consider the debt relief options available to you. Here at Bankruptcy Canada, we can provide you … Read more

Bankruptcy In Ontario FAQs If you are currently struggling with debt, there are a number of solutions open to you. These include debt consolidation, consumer proposals, and bankruptcy. Especially when you are dealing with debts that you have little or zero-hope of paying back, then bankruptcy might be the best option for you. Understandably, you … Read more

Bankruptcy Process In Ontario, ON You may be familiar with the term personal bankruptcy and know that it’s a form of debt relief for individuals. However, you may not understand the ins and outs of the Personal Bankruptcy Process In Ontario. When you declare bankruptcy, it’s a sign that you are no longer paying your … Read more

Using an Expense Tracker Many people know how much money they earn, but it can be much more difficult to answer questions about how much you spend in a typical month. With multiple outgoings, direct debits and the ability to order products and make payments in an instant, many find it tough to keep track … Read more

A Guide to Bankruptcy in Canada When you are struggling with debts, bankruptcy is one of the options that you have available to address your financial difficulties. Going bankrupt is a process that is designed to eliminate most of your debts, and may sometimes get rid of all of the debt that you hold. Bankruptcy … Read more

Going Bankrupt on Payday Loan Debt Payday loans are supposed to be short-term credit facilities that provide people with quick cash injections in their moment of need. The companies behind them tout them as a solution for everything, from covering the cost of mending your car to fixing your boiler. Payday loans, however, have a … Read more

Avoiding Debt Problems When Buying New Vehicle As you go through life, you accumulate debt, particularly when paying for expensive items, like cars. Many people, however, find it challenging to manage credit successfully. What seems like an enticing offer on a vehicle can soon become a millstone around your neck, causing you all manner of … Read more