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.
Consumer proposal and bankruptcy are the top two insolvency solutions in Canada, so it’s natural that you may want to know the difference between them. A bankruptcy is filed using the Bankruptcy and Insolvency Act. You are eligible to…
If you’re in financial distress, the thought of having to file for bankruptcy has probably crossed your mind more than a few times. And that’s likely for good reason. Because while there are downsides, the bankruptcy process definitely offers hard-working…
Let’s assume that since you clicked this title that you have begun to think about personal bankruptcy. The good news is that there are alternatives to bankruptcy. In this video we will explore all your options and advise you…
Are you a small business owner that’s finding it harder and harder to sustain your company’s day-to-day operations? Are you having to decide which of your creditors to pay first - or at all - and are starting to think…
Have you been avoiding bankruptcy? Do you find yourself having a hard time keeping up with ever-mounting debt? Maybe your creditors have started garnishing your wages or you’ve received notice of a lawsuit against you. Perhaps you simply want to…
Are you a senior citizen living on a fixed income and experiencing financial difficulties? If so, you’re not alone. The number of retired Canadians that are carrying debt - just like you - is rising. In fact, seniors are accumulating…
Recent announcements of layoffs in Ontario by corporate giants like General Motors and Siemens will likely mean an exponential increase in the number of Ontario debtors filing for insolvency proceedings. Recently, General Motors’ CAMI assembly plant in Ingersoll announced it…
If you’re considering filing for personal bankruptcy in Kitchener / Wateroo, it’s quite likely that you’ve become overwhelmed by growing debt. And if that’s the case, you’re not alone. In fact, last year, over 125,000 Canadians found themselves insolvent. This…
If you’re having financial difficulties, you are not alone. The number of insolvencies across the nation is steadily rising. According to the Office of the Superintendent of Bankruptcy, nearly 130,000 Canadians filed a Consumer Proposal or bankruptcy just this last…
