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Secured Debts vs. Unsecured Debts

Secured Debts vs Unsecured Debts Secured Debts vs Unsecured Debts: When you are considering bankruptcy in Canada it is very important that you understand the difference between secured debts and unsecured debts as these kinds of debts are treated differently

Comparison of Bankruptcy vs Consumer Proposal

Comparison of Bankruptcy vs Consumer Proposal.    Comparison of Bankruptcy vs Consumer Proposal - These are the two most popular ways of getting debt relief for Canadians suffering from a financial crisis. Key Considerations. Consumer Proposals. Bankruptcy When will my debt be erased from the credit

Can Bankruptcy Eliminate Tax Debt?

Can Bankruptcy Eliminate Tax Debt?   Many people who seek the assistance of a licensed insolvency trustee have substantial unpaid taxes that they owe to the Canada Revenue Agency (CRA) and they wonder can bankruptcy eliminate tax debt or if the CRA will

Should I Declare Bankruptcy?

Should I Declare Bankruptcy? "Should I Declare Bankruptcy?" is a question many people with debt ask themselves. People who have racked up excessive amounts of debt might want to consider filing for bankruptcy. In some cases there might be bankruptcy alternatives available to

What is a Licensed Insolvency Trustee?

What is a Licensed Insolvency Trustee? A Licensed Insolvency Trustee is a person licensed by the Superintendent of Bankruptcy to administer proposals and bankruptcies and manage assets held in trust. The trustee can give a debtor information and advice about both the proposal

Who Files Bankruptcy?

Who Files Bankruptcy? Review this Website Who files bankruptcy? (Compiled by Human Resources and Skills Development Canada for the year 2011): In 2011, 122,999 Canadians were unable to repay their debts (about 12,000 fewer than in 2010). Serious

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