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5 Bankruptcy Facts You Need to Know

Posted By  on Aug-20-2018
No one aims to become bankrupt, but 125,878 Canadians filed for personal bankruptcy in 2016. It’s projected that one in six Canadians will become bankrupt at some point in their lives. When you’re at the point of considering bankruptcy, it’s helpful to know you’re not alone. In fact, you’re in good company.  Read More

Credit Repair After Bankruptcy

Posted By  on Feb-05-2018
If your business or personal finances are in serious trouble, filing for bankruptcy can give you the relief you need and a clean slate to start over. However, many are concerned that bankruptcy will ruin their credit. Generally, anyone who’s considering bankruptcy already has bad credit due to delayed payments or their debt to income ratio.  Read More

Loans After Bankruptcy: What You Need To Know

Posted By  on Jan-08-2018
In Canada, it is possible to get a loan following a bankruptcy. Whether you are looking to get a mortgage, line of credit or car loan after bankruptcy, you can. Here’s what you need to know: Bankruptcy counselling is available to anyone who has recently filed or is looking to file for bankruptcy.  Read More

5 Myths About Bankruptcy

Posted By  on Aug-07-2017
There’s a difference between refusing to pay your debt and being unable to pay your debt. In Canada, the Bankruptcy and Insolvency Act (BIA) assumes that the debtor is “innocent,” and filing for bankruptcy is a financial rehabilitative process rather than a punitive one.  Read More
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