Blog

A bankruptcy (BK) or consumer proposal (CP) agreement could impact a borrower’s ability to rent or own a home. However, often these options are helping people clean up overwhelming debt which would also provide barriers to credit and rental options.  Read More

More and more seniors in Canada are filing for bankruptcy. A senior retirement bankruptcy proposal is an option many people over 60 are turning to in order to reorganize their finances and work out a realistic budget for the longer term. After all, life expectancy in the Western world is growing, and Canada is no exception.  Read More

You might think that choosing a bankruptcy trustee begins with the first meeting at a trustee’s office, but when you are facing a choice of debt consolidation or bankruptcy, your selection process should begin before a meeting.  Read More

Bankruptcy is stressful enough without the added weight of myths and unfounded beliefs to the experience. In fact, some people are so afraid of the myths around bankruptcy and debt consolidation that they put off dealing with their out-of-control finances for weeks or months on end. It seems too that the situation is worsening in Ontario.  Read More

Filing for bankruptcy is never an easy decision. It often comes at a time when you are in dire circumstances that can include loss of a job, illness, unmanageable debt, and marriage breakups. All of these situations are stressful enough without having to file a bankruptcy proposal.  Read More

When one is forced to contemplate filing for bankruptcy, it’s an important process that is not entered into lightly. Contrary to popular belief, not everything you own is seized when you file for bankruptcy. Not only is there a long list of assets that are exempt from seizure, but there is also a hierarchy among your creditors as well.  Read More

Most, if not all of us aspire to be the kinds of people that pay their bills on time and have no significant money issues. Unfortunately, sometimes financial pressures, bad decisions, and just plain bad luck can bring things to the point where bankruptcy is the best – even only – solution.  Read More

With what many would consider being unfair changes to the student loan process in Ontario, more students will be faced with the challenges of financing their education.  Read More

If you are having financial trouble, declaring bankruptcy is a solution you may want to consider before walking this path. However, many common myths circulate about bankruptcy that are simply not true. Here are nine of them.  Read More

If you are like most people, you never thought that there may come a time when you needed to talk to someone about your financial problems. Something in your life has happened that had made what used to be manageable debts into something too much to handle for one person.  Read More