Home Archive by category 'Personal Bankruptcy' (Page 12)

Category Archives: Personal Bankruptcy

Advice and information on personal bankruptcy in Canada provided by Bankruptcy Canada trustees. Learn important facts about filing bankruptcy then contact one of our local bankruptcy trustees in your province who can help.

I Can’t Pay My Bills. Do I Have Alternatives To Bankruptcy?

27 May 2013

Can't pay my bills - bankruptcy alternatives

It is an unfortunate fact of life that many people can’t pay all of their bills. For one reason or another, they have accumulated more debt than they can deal with and they need a plan to deal with their debts. For some, that may mean filing for bankruptcy, but…

What Happens To My Assets In A Bankruptcy?

22 May 2013

There are three basic types of assets in bankruptcy: Exempt, Non-Exempt, and Secured. Exempt Assets in Bankruptcy If an asset is exempt from seizure, you won’t lose it if you file for bankruptcy. The rules that define what assets are exempt are provincial rules, so each province has slightly different…

(6) commentsRead more

Meet out Edmonton Bankruptcy Trustee – Local, Professional Advice

17 May 2013

Today we meet with Goth & Company Ltd., our local, independent Edmonton bankruptcy trustee and licensed proposal administrator. Goth & Company is a local insolvency practice that has proudly served the residents of Edmonton, Red Deer, Northern Alberta and the North West Territories for the last 20 years. We have…

Tips For Dealing With Collection Agencies

15 May 2013

Harrassing collection calls from creditors can be both embarrassing and stressful. Clients tell us they receive calls all day, at home and at work and they are at their wits end. How can you stop calls from collection agencies? Here are some tips for dealing with collections agents. Find out…

How Often Can You File Bankruptcy?

13 May 2013

For most people, filing for bankruptcy is a “once in a lifetime” event. Unfortunately, sometimes things happen and you may be finding yourself once again facing financial hardship and looking at the possibility of filing bankruptcy a second time. If so, you are not alone. Approximately 10% of bankruptcies are…

(48) commentsRead more

Meet our Ontario Bankruptcy Trustee – Local Debt Advice

10 May 2013

Today we meet with Hoyes, Michalos & Associates Inc., our local trustee in bankruptcy providing debt management advice for individuals who may need to file for bankruptcy or a consumer proposal in Southwestern Ontario. Douglas Hoyes and Ted Michalos founded Hoyes, Michalos & Associates Inc. in 1999 for one simple…

(2) commentsRead more

Notifying Creditors You Are Declaring Bankruptcy

02 May 2013

Creditors are calling trying to collect the money you owe and you can’t pay, so you decide to file for bankruptcy. What’s the process for notifying creditors you are declaring bankruptcy and stopping the collection calls? As soon as your bankruptcy paperwork is signed, your trustee will electronically file it…

Separation, Divorce and Bankruptcy in Canada. What you should know.

25 Apr 2013

In a recent study one out of every seven people who declared bankruptcy in Canada listed separation, divorce or marital breakdown as a contributing factor to their financial problems. The cost of divorce goes beyond the emotional toll and legal bills. When you are together you have two incomes, but only…

Will I Need To Go To Bankruptcy Court?

22 Apr 2013

Bankruptcy in Canada is a legal process for eliminating your debts but in most cases you will not need to go to bankruptcy court. There are two ways for you to be discharged from bankruptcy: an automatic discharge, or a court ordered discharge. If you are eligible for an automatic discharge…

Types of Bankruptcy Discharge

15 Apr 2013

Bankruptcy discharge is the last step in your bankruptcy and what eliminates you from any further obligation for the debts covered by your bankruptcy. In most cases, a bankruptcy in Canada will end in an automatic discharge with no court hearing. In these circumstances your trustee will send you a copy…