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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 when you are filing bankruptcy. Secured Debts vs Unsecured

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. Need Help Reviewing Your Financial Situation? Contact a Licensed Trustee for a Free Debt Relief Evaluation Call 877-879-4770 or Schedule Your

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 accept a

What are the Benefits of Filing Bankruptcy?

What are the Benefits of Filing Bankruptcy in Canada?When you are stuck in an overwhelming debt situation then there could be many benefits of bankruptcy for you.Bankruptcy might sound scary but often the fear of bankruptcy is brought on by misconceptions and myths and once

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.Need Help Reviewing Your Financial Situation?Contact a Licensed Trustee for a Free Debt Relief EvaluationCall

What is a Licensed Insolvency Trustee?

What is a Licensed Insolvency Trustee (Bankruptcy 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

Who Files Bankruptcy?

Who Files Bankruptcy in Canada? 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 financial difficulties brought them to file either

Insolvency – Learn More About Canadian Insolvency

Insolvency means that you are in the state of being insolvent which means you have the inability to pay your debts as they become due and you must also owe at least $1,000 to your creditors. Need Help Reviewing Your Financial Situation? Contact a

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