Tag Archives: payday loan

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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What Debts Are Eliminated By Filing Bankruptcy

 12 Mar 2014
debts eliminated in bankruptcy

One of the most common questions we receive is about what debts can be covered in a bankruptcy or a consumer proposal. Most unsecured debts may be included, but what exactly is an unsecured debt? These are the ones that do not have collateral or items held in security against…

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5 Personal Bankruptcy Warning Signs

 18 Dec 2013
Warning signs bankruptcy

It may seem easier to juggle payments around each month, hoping your financial situation improves so you can get out from under the burden of dealing with debt payments. Unfortunately, things tend to accumulate and eventually this can lead to bankruptcy. So, here are the top 5 personal bankruptcy warning…

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Does Bankruptcy Discharge Payday Loans?

 06 Nov 2013
bankruptcy payday loans discharged

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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Bankruptcy and Payday Loans

 16 Sep 2013
Bankruptcy and Payday Loans

I want to start with a disclaimer – I really hate these guys. When we opened our bankruptcy practice in 1999 we saw very few payday loan companies. Then, within a couple of years, they started appearing on every file we saw. In 2005 we published a composite of the…

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Myth #4: All My Debts Are Discharged In Bankruptcy

 11 Mar 2013
bankruptcy myths

Bankruptcy is not an easy way out. People who file bankruptcy are not walking away from their debts with no consequences. In addition, despite popular belief, not all debts can be discharged by claiming bankruptcy. Bankruptcy and debt can be complicated. Myth: Bankruptcy erases all of your debts. Truth: Personal…

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After Bankruptcy in Canada: Top Five Tips for Saving Money

 20 Feb 2012
after bankruptcy

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…

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