Business Bankruptcy in Canada is primarily governed by the Bankruptcy and Insolvency Act (BIA), a federal statute that provides the legal framework for Bankruptcies and insolvencies in the country. The BIA outlines various options for businesses facing financial distress, with…
As Canadians finances are continuously under pressure, more are choosing to file a Consumer Proposal as a way to get relief from your unmanageable debt. This debt relief option is now considered the number one alternative to Bankruptcy. Government approved,…
Bankruptcy is not the only option when your business is in financial trouble. A Division 1 Proposal can help you avoid Bankruptcy and get your business back on track. You’re certainly not ready to walk away. But it’s becoming clear…
Are you in need of debt solutions? Perhaps you lost your job or you simply don’t make as much money as you did in the past. Maybe you have unexpectedly high expenses from an illness or other emergency. For whatever…
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?…
It’s Financial Literacy Month and this is the finale of a two-part series to help learn how to take charge of your finances. You can read Learn How to Take Charge of our Finances Part I here. In the previous…
Rebuilding your credit after a Consumer Proposal is an important step when you’re working on securing your financial future. But the road to a strong credit rating can be full of confusing twists and frustrating turns. It’s hard to get…
7 Steps to Perfect Personal Financial Management What do Larry King, Mike Tyson, MC Hammer, and Marvin Gaye all have in common? A personal financial crisis has destroyed their lives. Proof that even the mighty can fail when it comes…
If you’re planning on filing for bankruptcy, you’ve got a lot on your mind. Worrying about job loss shouldn’t be adding to your list of concerns. One of the most common questions people have when they first contact us is,…
