Leamington
If you have a partner, you might wonder what effect filing for bankruptcy could have on them. And while there are some exceptions to the rule, it’s important to know that when filing in Canada, it won’t directly affect your spouse. Despite certain debts being a joint responsibility, your personal debts are yours. Although many … Read more
If you have to file for bankruptcy, one of the key parts of the process is to sign your bankruptcy documents. But what’s the process that leads up to this? And what happens afterwards? We’re here to guide you. Need Help Reviewing Your Financial Situation? Contact a Licensed Trustee for a Free Debt Relief Evaluation … Read more
Getting out of Debt in Edmonton No one wants to be in debt. But if you find yourself in that situation, it’s good to identify the best possible ways to recover from it. Let Bankruptcy Canada be your guide on how to get out of debt in Edmonton. Although there are, of course, other ways … Read more
Working as a Mortgage Broker and Going Bankrupt If you’re a Mortgage Broker/a Mortgage Agent and you’ve just become bankrupt in Ontario you might wonder whether you can still continue in your role. And while this is on a case-by-case basis, it’s important to know that typically you won’t lose your license if you’ve found … Read more
Many people turn towards Consumer Proposals as an alternative to filing for bankruptcy. A way of cutting down repayments so that they are mangeable, they can be a very powerful way of regaining hold of your finances and getting back on your feet. However, when you file a Consumer Proposal, you could run the risk … Read more
Payday Loan Debt: Is It Eliminated By Going Bankrupt? Payday loans are often taken on as a form of repaying other existing debts. But by borrowing this money through a payday lender, it’s vital to know that you’re only delaying having to file for bankruptcy and won’t solve the underlying debt. If you’re looking to … Read more
Budgeting & Managing Money For Seniors Once people reach retirement age, many individuals stop working and will rely on their pension plans such as RRSPs and government supplements for money. The trouble is, some of those senior citizens may struggle to live a comfortable life from a financial perspective. If that’s something that worries you … Read more
In Canada, the average debt to income ratio is around 178%. What that means is for every dollar that a Canadian earns, that person will typically owe approximately $1.78. The thing about debt is that it’s not an unusual thing to have; most people will owe some money. But, debt can become a problem when … Read more
You Might be Worried About being Arrested at the Border on Your Return According to recent statistics from Equifax Canada, the average Canadian is around $23,800 in debt, or $72,950 if you include mortgage-related loans. It’s not unusual for Canadians to have some form of debt. But, what happens if you don’t pay your debt … Read more
Money, money, money! While the song by ABBA still rings in your ears, you can’t help but wonder about all the things you could do if you had a little money. Unfortunately, what the song fails to address is what happens to those trying to live life by spending more than they should. Overspending is … Read more
When you take a credit card, you might receive additional service offers from your credit card companies, including balance protection insurance. In theory, credit card balance protection cover is designed to help cardholders in case of unexpected financial issues. The promise is straightforward: If you can’t make your payment toward the outstanding credit card balance, … Read more
For people who struggle with a debt situation, debt settlement services can provide the relief they need. It is a service dedicated to settling your debts in a way that is manageable and empowers debtors to rebuild their worth. However, as with any debt related service, debt settlement targets specific needs and situations. As such, … Read more
Sponsorship While in a Consumer Proposal Debt doesn’t discriminate. It can affect people from different backgrounds or countries of origin. Hence, our Licensed Insolvency Trustees provide help to residents in Canada every day, whether they are Canadian-born or not. Need Help Reviewing Your Financial Situation? Contact a Licensed Trustee for a Free Debt Relief Evaluation … Read more
Tools Of The Trade Exemption in Ontario Bankruptcy Bankruptcy is a means of making a fresh start, but what happens to the assets you own? In Canada, there are exceptions when it comes to handing assets over to a trustee, including Ontario tools of the trade bankruptcy exemptions. A brief introduction to Ontario bankruptcy exemptions … Read more
Personal Bankruptcies In Canada Statistics show that personal bankruptcies in Canada are on the rise. If you’re struggling with debt, here’s a useful guide to bankruptcy and some tips to help you get back on track. Recent figures from the Office of the Superintendent of Bankruptcy Canada show that there has been an increase in … Read more
Your Driving License Can’t Be Withheld Because of Bankruptcy The Supreme Court of Canada ruled that debts associated with Section 102 of the Alberta Traffic Act do not apply following discharge from bankruptcy. Alberta Traffic Safety Act not allowed to withhold a license after bankruptcy: What does the ruling mean? The Supreme Court of Canada … Read more
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
Checking Your Credit Score in Canada Everyone has a credit score. If you’re unsure how to check your credit score, or you haven’t looked at your rating for a long time, this guide has all the information you need. What is a credit score? A credit score is a rating, which is used by lenders … 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
