Filing Bankruptcy in Canada

Do Retirees Need To Go Bankrupt For Debt Relief? Many of us look forward to our retirement. The trouble with retiring is that it brings a prolonged period of earning to an end. When you don’t have an income, but you’re still responsible for outgoings, it can be challenging to stay in the black. Anyone … Read more

What Effect Does Going Bankrupt Have? Do you think that filing for bankruptcy might end up being the best solution for your debt? If you do, then you should know that there are both positive and negative effects. If you want to find out more about that then take a look below. Need Help Reviewing … Read more

Chapter 7 / Chapter 13 Bankruptcy in Canada If you want to learn more about bankruptcy terms and what they mean, then you have certainly come to the right place. Here you can find out whatever you need to know. Need Help Reviewing Your Financial Situation? Contact a Licensed Trustee for a Free Debt Relief … Read more

How to Budget for Children & Parents Budgeting with kids doesn’t need to be difficult. In fact, it’s never really too early to familiarise your kids with some core money concepts. If you want to find out more about that then simply look below. Need Help Reviewing Your Financial Situation? Contact a Licensed Trustee for … Read more

What Are The Dangers of Co-Signing Any Debt? Co-signing happens quite often in the world of loans and finance. It is a way for someone who has very good credit to help someone who is struggling with their finances. The practice is very good amongst close friends and family members, as it requires a lot … Read more

Leaving the Country While Bankrupt One of the main questions that a lot of people ask when they are facing bankruptcy is whether or not they can travel. There’s a common misconception that you can’t travel while you are facing bankruptcy, but this is not true at all. There are however various situations where you … Read more

Should Your Adult Children Pay Rent to Live at Home? Once upon a time, it was commonplace for people to move out of their family homes as soon as they reached adulthood. In recent times, though, a noticeably higher percentage of younger adults continue to live with their parents for years after finishing school. It’s … Read more

How To Get Discharged Of Debt If You Haven’t Received Your Bankruptcy Discharge Filing for bankruptcy in Canada is often the best way to draw a line under past financial mistakes and unsecured debts that have spiraled out of control. However, it is a legal procedure that will impact your financial opportunities for a long … Read more

A Personal Budget Guideline Building a good personal budget is an essential step towards achieving your financial goals. Without this in place, it will be incredibly difficult to monitor your spending and improve your saving, and those who ignore the need for a budget will often find themselves struggling with their money. We’re going to … Read more

Receiving Your Bankruptcy Discharge in Ontario Bankruptcy can be a long process, often taking many years for people to get back onto their feet when they’ve gotten deep into money trouble. By the time you’ve paid off all of your debt, you will finally have the chance to enjoy the benefits of financial freedom once … Read more

Dealing With Creditors to Stop a Garnishment of Wages The vast majority of banks and other financial institutions are happy to let their customers handle their own loan repayments. This sort of method has worked for a very long time, and it’s fairly uncommon to find people breaking the agreements they’ve made, though this isn’t … Read more

How To Separate Your Needs From Your Wants If you are currently suffering from a high level of debt, one of the first things that you will need to do is take an honest look at your finances and your financial situation as a whole. When people complete this step, they often discover that a … Read more

Dealing With Ex-Spouses & Bankruptcy A recent study has found a shocking relationship between bankruptcy, separation, and divorce. It revealed that one in seven individuals who declared bankruptcy in Canada noted that separation or divorce was one of the possible issues with their finances. In many ways this is understandable. After all, a divorce can … Read more

Things to Know About British Columbia Bankruptcy Most of the laws, regulations, and procedures remain the same regardless of where you are located in Canada. However, there are crucial differences that could be relevant to you, that you should be aware of. For instance, a trustee may interpret things differently depending on your location. Here … Read more

Bankruptcy Records In Canada: Are They Public? Filing for bankruptcy is always going to be a difficult decision. It will impact various aspects of your life, including your ability to borrow from lenders in the future. A crucial consideration is who will know that you have filed in the past and who can access these … Read more

Getting married should be the happiest day of your life. However, the big day is accompanied by a big expense and, if you’re not careful, it could lead to long-term financial problems. Frankly, that’s the last thing any newlywed couple needs as they embark on the exciting new chapter. Need Help Reviewing Your Financial Situation? … Read more

Credit Rebuilding After Bankruptcy Filing for bankruptcy in Canada is a drastic measure, but it enables you to start afresh without the burden of your past debts. However, if this moment is to signal the beginning of a brighter financial future, you will need to put the right after bankruptcy care plan in place. Credit … Read more

Statistics show that over 125,000 (1) Canadians file for bankruptcy each year. Furthermore, it will be a very attractive prospect for anyone that is faced with significant debt while thousands will find that it is the best way to draw a line under their past mistakes and start again from the bottom. Nonetheless, declaring bankruptcy … Read more