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There was a time when filing for bankruptcy in Toronto seemed like the end of any future financial aspirations. Now, bankruptcy is often an answer to a question of insolvency and opens the doors to a new life filled with new possibilities. As an insolvency and bankruptcy expert in Toronto, Kevin Thatcher & Associates, Ltd.  Read More

The term “bankruptcy” is not the life sentence it used to be, but it often fills us with dread when it is uttered. Working in this industry, we understand the intimidation and worry concerning bankruptcy, and how difficult it is to watch those we care about to undertake the process.  Read More

The very idea of having to go to court can be intimidating for many, regardless of the reason or the offence for which you are paying the visit. However, this doesn’t have to be the case, especially when you’re filing for bankruptcy.  Read More

Financial problems can be a burden which can manifest in several ways, and negatively impact an individual. Financial stresses can lead to many physical and psychological health problems, including depression and anxiety.  Read More

If you have filed for bankruptcy in Canada, you are aware of the financial hurdles that are sure to come your way. First, your credit score will inevitably go up and down throughout your bankruptcy. But you don’t have to worry. You are in the driver’s seat when it comes to rebuilding your credit score for securing your financial future.  Read More

When declaring bankruptcy in Canada, your trustee goes through the initial process of assessing your liabilities and assets. From there, your trustee deals with your creditors until you get your bankruptcy discharged. However, timing is everything when you file for bankruptcy.  Read More

Filing for bankruptcy can be a difficult decision, with potentially drastic consequences that will impact many facets of your life. Understanding both your situation and the bankruptcy process in Ontario is the first step in ensuring you are making a decision that will benefit you in the long term.  Read More

While facing bankruptcy, you will inevitably be forced to address various creditors who are involved with the accumulated debt. One of the more difficult and frustrating kinds of loans to assess will be debt from family. Debt with family members is the same as any other unsecured debt and must be included.  Read More

Filing for bankruptcy in Canada has some serious financial repercussions. However often, by the time you file for bankruptcy your credit score is not very good. Specifically, your credit score will go through several changes during the period of bankruptcy. So what happens to your credit rating during bankruptcy?  Read More

Bankruptcy can cause issues when someone is planning to sponsor their family for permanent residency so they can join them in Canada. Does bankruptcy affect an individual’s family immigration sponsorship process? Yes, it does. However, there are steps you can take to alleviate delays and mishaps while waiting for sponsorship approval.  Read More