Monthly Archives: February 2012

Alternatives to Bankruptcy Canada: The Top Five Bankruptcy Alternatives

29 Feb 2012

There are five alternatives to bankruptcy in Canada. It’s important to understand all alternatives to bankruptcy in Canada before you make a decision on how to deal with your debts. Your options to avoid bankruptcy in Canada are: Do nothing. If you are not working, and if you have no…

Loans After Bankruptcy in Canada: How to Get a Loan?

27 Feb 2012

It is possible to get a loan after bankruptcy in Canada. To qualify for a loan, you need to re-build your credit by following these steps: Get your bankruptcy discharge as soon as possible. Perform all of your duties so that there are no delays in getting your discharge. As…

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Credit Card After Bankruptcy Canada

24 Feb 2012

Is it possible to get a credit card after bankruptcy in Canada? Yes. Here are three ways to get a credit card after your get your discharge from bankruptcy. The first two options will also allow you to have a credit card during bankruptcy. Get A Supplementary Card The first…

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Debt in Canada: Does it Lead to Bankruptcy in Canada?

23 Feb 2012

Special Guest Commentary by Douglas Hoyes, CA, CIRP, Bankruptcy Trustee On February 22, 2012 I was interviewed on CBC Radio on a show about debt, and how we measure debt. Also on the show was Craig Alexander, the Chief Economist from the TD Bank, who was quoted in a Globe…

Consumer Proposal Canada: How does it work?

22 Feb 2012

A consumer proposal is an alternative to bankruptcy in Canada. A licensed consumer proposal administrator works with you to negotiate a settlement with your creditors. For example, if you owe $40,000 on credit cards, bank loans, payday loans and taxes, it might be possible to negotiate a settlement where you…

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After Bankruptcy in Canada: Top Five Tips for Saving Money

20 Feb 2012

The most important step you can take to repair and rebuild your credit after filing bankruptcy in Canada is to save money. Why? There are many reasons: Immediately after bankruptcy in Canada you don’t have credit cards or lines of credit, so you need cash in the bank to act…