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Bankruptcy is a sign of failure for many people. They may think that they are doomed for life, unable to get a car loan, own a home or even get that dream job because of their now-damaged credit history.  Read More

Credit card debt is an issue that many Canadians struggle with. It’s easy to spend money, but not always so easy to pay down the debt. This is especially true if you have credit cards with high interest rates and you pay only the minimum payment each month. It can seem like a never-ending cycle.  Read More

Over the past 5 years, bankruptcy has become more common amongst Canadian households.  The global economic crisis has forced many people into joblessness, foreclosures and bad investments -- a series of unfortunate events that can quickly trigger bankruptcy.  Read More

With so much negative publicity surrounding the word bankruptcy, it’s easy to read this title and think there is a problem with the wording. How could something that’s supposedly the end of the world be good for your health?  Read More

It’s absolutely possible for a creditor to pursue repayment through wage garnishment. Unless you have payments outstanding to a government agency, department of government, or court ordered child/spousal support, your creditor will need file a lawsuit to have access to your wages.  Read More

A bankruptcy trustee is an individual or corporation who is officially given the power to distribute a bankruptee’s property among creditors, in line with the rules laid out under the Bankruptcy and Insolvency Act. In other words, the trustee controls all aspects of your bankruptcy.  Read More

In the world of financial problems and debt solution, just about everyone is familiar with the word bankruptcy, but not everyone has heard of a consumer proposal. When bankruptcy isn’t the right answer, but you definitely need some kind of help, a consumer proposal is often the ideal solution.  Read More

A department of government, government agency, and court-ordered spousal or child support may seize your bank account to recover amounts owed. Other creditors must go through a civil suit and be awarded access to your bank account, otherwise your salary and assets are safe regardless of what the collection agency might say.  Read More

A collection agency’s main interest is recovering the amount owed to the original creditor. In addition to the stress of dealing with a collection agency, revealing your personal finances can be embarrassing or even threatening to your career.  Read More

Canadian bankruptcy rates have been abnormally high since the 2008 financial meltdown. Record consumer debt and a tight job market have made it easier than ever to get into debt. When you have reached the point that payments are only chipping away at accrued interest and you owe more than you could ever make, it may be time to call it quits.  Read More