Tag Archives: benefits of bankruptcy

Wage Garnishment Laws & Declaring Bankruptcy

31 Mar 2014

If your wages are being garnisheed by a creditor then filing bankruptcy and/or a consumer proposal can stop the garnishee. In fact, a wage garnishment is affected by an automatic feature of the law called a stay of proceedings. How To Stop A Wage Garnishment When You File Bankruptcy In…

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Bankruptcy Does Not Discharge Support Payments

10 Feb 2014

bankruptcy and support payments | child support | alimony

Filing bankruptcy does not discharge your obligation to pay court ordered alimony, spousal or child support payments. This includes both arrears and on-going payments. Unlike other unsecured debts, arrears for court ordered child support or alimony are not discharged by either a bankruptcy or a consumer proposal in Canada. The…

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Being Sued or Threatened Over A Debt? Should You Consider Bankruptcy?

16 Dec 2013

Suing you is the final “threat” that a collection company makes when they are trying to pressure someone to make payments towards an overdue debt. In reality, very few people are ever sued, but the threat certainly gets your attention. Before discussing how filing for bankruptcy or a consumer proposal…

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Does Bankruptcy Discharge Payday Loans?

06 Nov 2013

The process of personal bankruptcy in Canada discharges most unsecured debt, including payday loans. If you have payday loans and you are considering claiming bankruptcy, here are the issues to consider: Do you have other debts? The average payday loan is usually $1,000 or less, so if your only debts…

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Personal bankruptcy and property taxes. Are they discharged?

26 Aug 2013

Property taxes are one of the least understood obligations that home owners have – people recognize they have to be paid, but most people don’t realize the special rights that property taxes have been granted under Canadian law. Let’s start with the fundamentals – property taxes represent a charge on…

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6 Advantages Of Filing Bankruptcy in Canada

07 Aug 2013

One of the first things I am asked by just about everyone I see professionally is: “Is filing bankruptcy the right thing for me to do?” Since every person’s situation is unique, this is not a question that can be easily answered, but what I can do is provide you…

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Key Benefits of Filing Bankruptcy

06 Apr 2012

With the skyrocketing prices of goods and services, many people are finding themselves in difficult financial situations with overwhelming debts and are considering filing bankruptcy in Canada as the solution to thier problems. If this sound like you, you need not to fret as there are many people who are…