Yearly Archives: 2015

What Is Disclosed on Your Bankruptcy Application?

 07 Dec 2015

Part of the process of filing bankruptcy includes disclosing necessary information. Our quick infographic highlights what you will need to tell your bankruptcy trustee and disclose on your bankruptcy application and what happens if you miss something.

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10 Questions About Surplus Income

 02 Nov 2015
surplus income

*Please note this article was updated with the 2018 surplus income limits Some of the biggest questions that people have when filing bankruptcy has to do with surplus income and how it will affect their debt repayment plan. Here are the top 10: What is surplus income? When you file for bankruptcy…

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Everything You Need To Know About Payday Loans

 07 Sep 2015
payday loans debt

Payday loans are for many a vicious trap. We’ll take a look at how payday loans works and why they cause so much financial problems. The Payday Loan Process: The borrower visits a payday loan store to obtain a small loan that is payable in full, plus fees, on the…

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Bankruptcy & Consumer Proposal: A Remedy For Poor Credit

 10 Aug 2015
credit score bankruptcy consumer proposal

There are a number of questions that are common to most, if not all of the people I meet with. If you have a car, you want to know if you can keep it (the answer is, almost always). If you run a business, you want to know if you…

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Maintaining A Business In Bankruptcy

 27 Jul 2015
bankruptcy small business debts

Most people will think that you cannot continue to run a business while in bankruptcy, which in reality, is simply not true.  Yes, the bankruptcy may make matters a little bit more complicated at first, however, once you pass those initial stumbling blocks, everything should run the same as before….

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Debt Management Services From A Trustee. Why We’re The Experts.

 13 Jul 2015

Search online.  Listen to the radio.  Talk to your friends and co-workers.  There is no shortage of people offering to help you with your money problems. There is a common misconception that a bankruptcy trustee can only help you with bankruptcy, when in fact, our help extends beyond filing insolvency. How Can…

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Need To File Bankruptcy Quickly? How Fast Can It Be Filed?

 29 Jun 2015
emergency bankruptcy garnishment

You may find yourself needing the legal protection that a bankruptcy provides if a creditor is taking legal action against you.  Odds are, you want this to happen quickly to stop the creditor from pursuing you further. One key benefit to filing a personal bankruptcy (or consumer proposal) is that…

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Filing Bankruptcy Twice Costs More

 15 Jun 2015
cost second bankruptcy

Filing bankruptcy for a second time is not only longer, but it’s also more expensive.  This is especially true for individuals with surplus income, a threshold set by the government for the amount of income necessary for each household to maintain an acceptable standard of living.  For those that earn above…

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Personal Bankruptcy vs Joint Bankruptcy. Which Should You Choose?

 01 Jun 2015

It is important to understand that if you file for personal bankruptcy it does not mean that your spouse has to declare bankruptcy as well. However if both spouses owe significant debts, either individually or together, it may be necessary for each spouse to consider bankruptcy as a way to…

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How Does Bankruptcy in Quebec Differ?

 18 May 2015
bankruptcy quebec

It has long been known that Quebec is somewhat different that the rest of the Canadian Federation, but how does this difference impact a bankruptcy proceeding? At first it is very important to remember that Quebec works within the Civil Law tradition, whereas the rest of Canada falls under the…

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