No one wants to be indebted to the Canada Revenue Agency (CRA). However, every year thousands of Canadians find themselves owing more in income tax than they can afford. For those who are self-employed or those with multiple streams of…
Are you drowning in debt and finding it impossible to keep up with your bill payments despite your best efforts? Are you sick of dodging calls from creditors? If you’re in a situation where you are unable to pay your…
If you’re behind on your mortgage payments, you may be wondering whether filing Bankruptcy can help save your home. Foreclosure is an undesirable outcome for both you and the lender. What can you do? Can Bankruptcy hurt you or help…
If your small business is in trouble, there are some important facts you need to know about business Bankruptcy vs. personal Bankruptcy. The economic crisis has been tough on many small businesses. Some have eliminated staff, cut their hours of…
Trouble with your income & expenses? Are you having trouble keeping track of your income and expenses each month? Are you constantly overspending and taking on more debt? Have you considered using a budget? The “B” word (budget) can conjure…
The Parliament of Canada allows insolvent companies to restructure their finances through the Companies’ Creditors Arrangement Act (CCAA). The act allows a troubled corporation to potentially avoid the consequences of bankruptcy. Not only is it in the best interest of…
If you are going through bankruptcy or insolvency, the process will be administered and supervised by the Office of the Superintendent of Bankruptcy (OSB). While going through this procedure, it may help to know what the OSB does for both…
Can Ontario’s bankruptcy exemptions protect your most valuable assets? Indeed, they can. One of the most pervasive myths about bankruptcy is that you cannot file when you have assets you’d like to keep. This is simply not true. The purpose…
Did you know that an Ontario bankruptcy is not your only option when you have too much debt? It’s true...you actually have three main options. And...did you know that the only person to help you with all three options is…
You’re in the middle of a money crisis and you need emergency financial assistance right now. Maybe you or someone you care for has Covid-19 or been exposed to it. You may be between jobs or out of work for…
