Blog Posts

Insolvencies Up Again According to March 2016 Statistics

The Office of the Superintendent of Bankruptcy Canada has recently released their statistics for the month of March 2016.

June 2, 2016

Consumer Proposals, Bankruptcy

What is a credit score?

When thinking about filing for bankruptcy, many people are hesitant to do so as they are worried about the effect it will have on their credit score. So, what exactly is a credit score?

May 31, 2016

Bankruptcy, Rebuilding Credit

Stages of Bankruptcy in Canada

In Canada, any individual who owes at least $1,000 and is insolvent can file bankruptcy. Some people be feel a bit overwhelmed before the process even begins, so allow me break down the steps you will take when filing bankruptcy. 

May 20, 2016

Bankruptcy

2016 Surplus Income Limits

If you are considering bankruptcy, ask your trustee if your income is in the range that will require you to pay surplus income and, if so, to estimate your surplus income payments. 

May 16, 2016

Bankruptcy

Financial Recovery After Divorce

One of the leading causes of divorce in Canada is financial mismanagement. And one of the leading causes of bankruptcy is divorce.

May 13, 2016

Consumer Proposals, Bankruptcy, Money Management, Debt and Relationships

Should you switch banks if you file bankruptcy or make a consumer proposal?

We often times recommend that if you file bankruptcy or make a consumer proposal that you get a new bank account at a new bank. Why do we suggest that?

May 5, 2016

Consumer Proposals, Bankruptcy, Money Management

When should you consider a consumer proposal instead of a bankruptcy?

When you make a consumer proposal, you compromise your total debt. That means that you pay a portion of your debt that you and your creditors agree upon. Therefore your payments are higher than a bankruptcy.

April 30, 2016

Consumer Proposals, Bankruptcy


Will bankruptcy eliminate all my debts?

If you are facing serious debt problems, bankruptcy may be a powerful remedy. In most situations, all debts are included in a bankruptcy. Some of the most common debts that can be included in a bankruptcy are:

April 20, 2016

Bankruptcy

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