Leamington
The Consumer Proposal Process How Does a Consumer Proposal Work? – An In-Depth Look at the Consumer Proposal Process A consumer proposal is a legally binding agreement with your unsecured creditors to repay a portion of what you owe. People that are unable to repay all of their debt but can afford to repay a … Read more
How Do Holiday Expenses Play Into Debt Management? Holidays and Christmas is a popular time of year. As friends and families gather to celebrate together there are many expenses during this time. Is it possible to celebrate Christmas and holidays with your family and stay out of debt in January? Managing holiday expenses is an important … Read more
Bankruptcy – Canadian Insolvency Statistics Canada’s bankruptcy rate has risen over the last five years as set out below: Bankruptcies and Proposals: 2012-2016 2012 2013 2014 2015 2016 Cons. Bank. 71,495 69,224 64,839 63,406 63,372 Bus. Bank. 3,236 3,187 3,116 3,089 2,884 Proposals 48,020 50,548 54,314 59,221 63,471 Total 122,751 122,959 122,269 125,716 129,727 … Read more
Debtors in Canada who are struggling to repay their debts may ask their creditors to reduce the amount they must repay by making a Consumer Proposal to their creditors. A Licensed Insolvency Trustee (the only debt professional who can file a consumer proposal with a debtor’s unsecured creditors) will review your financial situation and make … Read more
All the records and documents required to file bankruptcy are listed on the information form trustees require you to fill out before coming in for you initial consultation. The trustee will also require you to swear an oath that everything stated on the information form is correct. Need Help Reviewing Your Financial Situation? Contact a … Read more
Biggest Canadian Corporate Bankruptcies. This website concentrates on personal insolvency. Many Canadian are wracked with guilt for filing bankruptcy. Trustees take a pragmatic, non judgemental view of ways for people to get a fresh start. Need Help Reviewing Your Financial Situation? Contact a Licensed Trustee for a Free Debt Relief Evaluation Schedule Your Free Consultation … Read more
Who is Eligible For Bankruptcy? When financial pressures start to mount, mortgage payments are missed, or collection agencies are calling, people start to seriously consider their options. For most Canadians, bankruptcy is a topic they know little about and one of the first questions asked is “who is eligible for bankruptcy?” Bankruptcy filings in Canada … Read more
Top 5 Financial Blogs to Follow in 2018 As you already know, Bankruptcycanada.com is a great place to beef up your knowledge on issues related to bankruptcy and debt. But there are a vast number of financial blogs available on other subjects as well. The financial blogosphere actually encompasses an incredible diversity of topics, ranging … Read more
