Resources to help you learn more about how to manage debt issues.
Defaulted Consumer Proposals
If you have defaulted on a Consumer Proposal it may be because a Consumer Proposal was not the best choice for you in the first place. Bankruptcy Trustees earn a “tariff” which is a fee based on the size
Bankruptcy – Second Time Filers
With the real-estate crash in the late 80’s and the recent recession, there have been many individuals that have already been through a bankruptcy once and have found themselves in financial trouble again. A second bankruptcy has longer implications on your
Bankruptcy – First Time Filers
The first time a consumer files for bankruptcy in Canada, if there is no surplus income, they will qualify to be discharged in 9 months. If the consumer has surplus income they will be discharged in 21 months. What does it
Trustees in Bankruptcy
A Trustee in Bankruptcy is appointed by the Superintendent of Bankruptcy to administer Bankruptcies and Consumer Proposals. The Bankruptcy Trustee represents BOTH the creditor and the consumer. This places bankruptcy trustees in a precarious position because if no one files for
Division One Proposal Information
A Division 1 Proposal is similar to a Consumer Proposal, but applicable for individuals or corporations who owe more than $250,000 in unsecured debts.
Consumer Proposal Information
The Bankruptcy Laws in Canada recently changed. For example if you earn income that exceeds $2,000 net per month as an individual or $3,700 net per month as a family of 4 you will be subject to a Surplus Income
Canada Revenue Agency – Tax Debt
A tax debt with the Canada Revenue Agency can wreak havoc on both your financial and personal life. If the CRA decides that you owe them money, they will come after you. If you cannot pay them in full they
Debt Consolidation Information
Residents in Ontario continue to borrow at record rates; the most recent statistics show household credit per person in Canada reached a record level of $40,207! That would mean that if you are carrying a household debt of $40,000 and
Online Financial Tools
By gaining a better understanding of your finances you can help yourself make more effective financial decisions. This will allow you to manage your debt and help you keep your credit intact. Tools for Building Credit Most people who run into financial
Social Media
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