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Bankruptcy is certainly not a pleasant thing to contemplate, but sometimes there’s no other choice. When it comes to debt, and other financial problems, filing bankruptcy can be the best solution. You can, however, make the best of an unfavorable situation by preparing and planning ahead.  Read More

Many people believe that bankruptcy is the best solution for their money woes, but there are a variety of options a person in debt can explore. Bankruptcy will stay on your credit record for several years following your completion and can initially make it significantly harder to get credit until you have restored your lender’s confidence.  Read More

Debt consolidation can be an effective way to avoid declaring bankruptcy. Through a consumer proposal you can consolidate your debt effectively with a minimal effect on your credit history if you are already in a debt situation to begin with.  Read More

If you find yourself swallowed by unmanageable debt, whether it is accrued from loans, starting your own business, extravagant purchases or renovations to your home, you may be considering declaring bankruptcy. Filing for bankruptcy will not give you a clean slate but it can relieve you of your debts.  Read More

Bankruptcy can feel like a heavy decision to consider. The paperwork, the change to your lifestyle, the potential feelings of failure - many people expect it to be an unpleasant experience, which makes them push off the decision for far too long.  Read More

When working to recover from a difficult financial situation there are typically some budget changes involved, the most important of which will likely be changes to your daily expenses, and you will need to be able to adjust appropriately in the midst of bankruptcy or proposal proceedings. Below are four tips to help you manage your daily expenses.  Read More

Bankruptcy is an important step towards relieving stress and getting yourself on a successful financial track, however the emotional toll of living with debt prior to filing for bankruptcy can be draining. Below are some tips to help you handle the emotional side of filing for bankruptcy.  Read More

The saying that money cannot buy happiness is certainly true. Some of the least developed countries around the world have a reported higher happiness index than in more developed locations in North America, an area which tends to be synonymous with material wealth.  Read More

If you are married and need to claim bankruptcy, you may be concerned as to how your assignment into bankruptcy will affect your spouse. If your spouse is joint on a co-signed debt, then a creditor can legally pursue your spouse for repayment of that debt even if you file for bankruptcy.  Read More

In today’s economic climate many people find themselves in financial cul-de-sacs that they simply cannot get out of. Filing for bankruptcy is a common way to deal with overwhelming debt. If you are looking to immigrate to Canada and have declared bankruptcy in the country you wish to leave, your immigration status could be in question.  Read More