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Filing for bankruptcy or a consumer proposal are both viable forms of debt relief. Still, how do they differ from each other? While they both provide legal protection from creditors and function similarly in terms of outcomes, there are many essential differences between them.  Read More

If you’re considering filing for bankruptcy or for a consumer proposal, you will need the help of a bankruptcy trustee to guide you through the process. It is mandated by the government that a trustee help those looking for debt relief. As such, all bankruptcy trustees in Canada are licensed by the federal government. What does that entail?  Read More

With tuition fees dramatically increasing over the past couple of years, student debt has become a pressing issue for many Canadians. Students are having to take out large loans for their education, and it can take years or even decades to pay off such a huge sum: about 67% of Canadians graduated with an average debt of over $22,000.  Read More

The process of bankruptcy is a troubling time for any business or person. There’s so much information to understand and legal ramifications that come along with every step. This leads to a lot of misinformation being perpetuated, with different ideas and stigmas being associated with filing for bankruptcy.  Read More

Bankruptcy is a difficult time for you or your business and can greatly affect your financial goals. Expenses and debt add up and, before you know it, you’re ready to file for bankruptcy. What most people are not aware of is that every situation is unique, and filing for insolvency immediately may not be the best solution.  Read More

Bankruptcy is trading your non-exempt assets or ‘what you own’ in return for your debts being forgiven. It is a common financial trouble that many find themselves in and can be challenging to go through.  Read More

Many view filing for bankruptcy as a last resort — and it is. Bankruptcy is a pivotal debt relief solution that becomes necessary when you cannot stay on top of your bills due to unemployment, bereavement, and other extreme life events.  Read More

As Canadians grapple with financial instability, many are forced to re-examine their finances to ensure their survival and secure their future amidst this turmoil. Unemployment benefits and social assistance, lines of credit, and emergency savings are designed to assist with precarious financial situations.  Read More

The idea of bankruptcy can be scary if you have been experiencing ongoing financial challenges. However, if all other solutions have failed, it could prove to be the best decision you ever make. The decision to file for bankruptcy is never easy.  Read More

Living in Ontario isn’t cheap. And the past year has been financially difficult for many people. If you live in Ontario and think you may have to declare bankruptcy, we’re here to tell you it’s not the end of the world.  Read More