Get detailed information on what bankruptcy is, which assets are exempt from seizure, your responsibility in a personal bankruptcy and if bankruptcies are part of the public record in Canada.
Are you struggling to pay your bills? Are you sick of dodging calls from collection agencies? Are you feeling completely exhausted and defeated by your finances? If you’re unable to make your debt payments and you're at the point where…
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…
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…
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…
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…
Debt Consolidation vs Bankruptcy: Which is Better? Are you weighing the pros and cons of debt consolidation vs bankruptcy in Ontario? wondering which is better? Maybe it’s time to take a closer look at the options. What is Debt Consolidation?…
Personal bankruptcy is a legal process that will get rid of your debts. However, there are a handful of things, like child support and recent student loans, that do not go away. When you file personal bankruptcy in Ontario,…
