Home / Blog / Bankruptcy, Financial Financial troubles don’t end at borders—or even oceans. If you’re a Canadian citizen no longer living in the country, and you still have debts in Canada that you are unable to pay, you may be wondering whether or not you can file for bankruptcy. The answer is that it …
Can I file for bankruptcy in Canada if I’m living abroad? Read More »
Home / Blog / Bankruptcy As far as economic news goes, many will agree that it’s a good thing that the number of personal bankruptcies in Canada has declined more than 19% since 2011. The Office of the Superintendent of Bankruptcy, the arm of Industry Canada that regulates insolvencies, also reports that the amount of debt declared …
Home / Blog / Bankruptcy, Financial The costs of filing for bankruptcy are set both by the federal government and the trustee. This means that the fees you pay to a Licensed Insolvency Trustee for handling your bankruptcy will likely be the same across the country. Generally speaking, a bankrupt with no surplus income can expect to pay …
Home / Blog / Bankruptcy If you have missed paying your mortgage payments and haven’t made other arrangements with your bank, chances are pretty good that your bank’s next step will be to start power of sale proceedings against your home. Before that happens, there are steps you can take to try to prevent it: …
Can I stop a power of sale on my home by declaring bankruptcy? Read More »
Home / Blog / Bankruptcy, Debt If you’re currently in bankruptcy (or you’ve already filed for it) and your financial situation suddenly changes for the better (think inheritance, lottery win, etc.), is there anything you can do to get out of bankruptcy? You’ll be pleased to know that the answer to this is yes, but it’s not …
Can I have my bankruptcy annulled if I repay my debt in full? Read More »
Home / Blog / Bankruptcy, Debt Bankruptcy and consumer proposals can have an impact not just on the person declaring bankruptcy or filing a proposal, but also on anyone who may have cosigned for one of his/her debts as well. Here’s what you and your cosignor need to know: Cosigning for a debt means you …
Home / Blog / Consumer Proposal, Bankruptcy If you’re considering the possibility of filing a consumer proposal or declaring bankruptcy, you should be aware that assets such as vehicles are handled very differently in those two procedures. In a consumer proposal, if you own the vehicle free and clear, you simply keep it. If you …
What happens to my vehicle in a consumer proposal or bankruptcy? Read More »
Home / Blog / Bankruptcy If you’re facing the possibility of filing for bankruptcy or a consumer proposal, you may be concerned about privacy. Who will find out? Will the neighbours know? Your boss? Or (perish the thought!) your in-laws? Well, we have encouraging news for you. In most bankruptcies and consumer proposals, the only …
Home / Blog / Consumer Proposal, Bankruptcy If you’re facing the possibility of filing for Consumer proposal or Bankruptcy, you may be concerned about privacy issues, particularly with regard to having your employer find out about your bankruptcy. While it’s true that bankruptcy and consumer proposal records are public, however (meaning they can be accessed by anyone who …
I am filing for Consumer Proposal Or Bankruptcy, Will My Employer Find Out? Read More »
Home / Blog / Credit, Bankruptcy We’ve all heard the term credit rating, and chances are pretty good that we know that our rating influences a bank’s decision whether or not to lend us money, give us a mortgage, and so on. But how many of us really understand what exactly a credit rating is, how …
What is a credit rating, and how does bankruptcy affect it? Read More »
