The toll bankruptcy takes on people mentally, physically and emotionally

The toll bankruptcy takes on people mentally, physically and emotionally

The toll bankruptcy takes on people mentally, physically and emotionallyPeople often ignore difficult problems. Debt is not a problem that can be ignored. Debt doesn't just take a toll on your finances. It can lead to illness; marital problems, work-related problems, and other consequences. Bankruptcy

September 2017 Canadian Bankruptcy Statistics

Canadian Bankruptcy Statistics are compiled for all insolvencies across Canada.   They are published each month by the Office of the Superintendent of Bankruptcy. NEWS FLASH! September 2017 Canadian Bankruptcy Statistics were released November 30, 2017 For the 12 months ended September 30, 2017 insolvencies

Records and documents required to file bankruptcy.

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

How the Consumer Proposal Voting Process Works

How the Consumer Proposal Voting Process Works 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

Secured Debts in Bankruptcy in Canada

Secured Debts in Bankruptcy in Canada Key Questions to Consider About Secured Debts Before you Consider Bankruptcy Secured debt is a debt that is secured by a loan on an asset. Secured debt includes a mortgage on your home or a car loan on your

The Latest Canadian Insolvency Statistics – We meet them everyday

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

Planning and budgeting for the holiday

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

Consumer Proposal Process

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

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