New Exemption Amounts
You are permitted to keep some assets in a bankruptcy. These exemptions are set by various federal and provincial laws. For personal bankruptcy in Ontario, the following assets are exempt. Until now, the in bankruptcy, if you have a motor vehicle that was worth up to $5,650, it would be exempt. But now, the exemption…
Bankruptcy and the Holidays
The notions of filing for Bankruptcy and enjoying the holidays are not as foreign as one might think. Most people will try to forget their financial issues around this time of the year, but the financial stress can never be far from the surface. Creditors do not go on holiday. One of the primary goals…
Have a Plan to Pay off Credit Cards
Have you ever looked closely at your credit card statement? Credit card companies are now required to spell out on your credit card statement how long it will take for you to pay off your credit card balance if you make the minimum required payments. Often, the estimated time to pay off the balance with the minimum…
Debt Settlement Companies
If you are one of the thousands of Canadians who feel they’ve been ripped off by a debt settlement company, you should consider taking the following steps to help ensure it doesn’t happen again…and to hopefully get your money back. File a Complaint with the BBBConsider filing a formal complaint with the Better Business Bureau….