Monthly Archives: September 2012

Credit Card After Discharge from Bankruptcy in Canada

 24 Sep 2012

Question: I filed bankruptcy in Canada and was discharged from debt after bankruptcy in 2008. How do I go about getting a credit card? How long do I need to wait before applying for a credit card after bankruptcy? Answer: There are a number of steps to take to repair your…

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Is Bankruptcy in Canada Caused By Not Worrying About High Debt?

 24 Sep 2012

Special guest commentary by Douglas Hoyes, CA, Bankruptcy Canada Trustee I am a bankruptcy trustee in Ontario, Canada, and many times each week when I talk to people on the phone and ask them how much they owe, they underestimate their total debt.  It’s only when they pull out all…

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When a Debt Consolidation Loan is better than Filing Bankruptcy in Canada

 03 Sep 2012

Question: How can I decide if it’s better to get a debt consolidation loan, or just consider filing for bankruptcy? Answer: If you qualify for a debt consolidation loan, and can afford to make the payments, a debt consolidation loan is better than bankruptcy.  If you can’t, then bankruptcy may be necessary….

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