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…
The Bankruptcy and Insolvency Act of Canada (BIA) is a nationwide statute. The BIA regulates bankruptcy and insolvency across Canada. It defines the legal bankruptcy process, among other things, to protect both individuals and their creditors. The BIA regulates: Bankruptcy…
The fight against the COVID pandemic has involved massive government support programs around the world. In Canada, CERB and CESB payments are being dispersed to mitigate the economic impact of the pandemic. According to the Government of Canada, more than…
If you’re experiencing financial difficulties, you may wish that, with just a snap of the fingers, you could eliminate your debt. The truth is, while debt is easy to accumulate, it’s harder to get rid of. There is, however, a…
According to Statistics Canada, the average net savings for Canadian households was $852 in 2018. For the lowest income earners, consumption still exceeds income. Unsurprisingly, debt and empty savings accounts are the norms for many Canadians. Now is as good…
The wages of Canadian employees are protected. These protections stand regardless of employers' willingness or ability to pay. Even if your employer declares bankruptcy or is subject to receivership, you are entitled to unpaid wages. The protections you receive are…
The Bankruptcy Assistance Program The Bankruptcy Assistance Program (BAP) is designed to help make bankruptcy affordable for debtors who cannot afford the fees of a Licensed Insolvency Trustee (LIT). It permits people who do not have the funds to cover…
Covid-19 has left your finances in shambles and your bank account depleted. And you may wonder what to do if you can’t pay your mortgage. Whether you are furloughed, out of a job or sidelined due to the coronavirus, your…
