Blog

Emergencies are unpredictable; they aren’t planned, but they can be planned for. Emergencies usually demand urgency, and this can include paying for unexpected expenses. For this reason, it’s always a smart financial decision to put aside monthly savings towards an emergency fund.  Read More

Being in debt can be a highly stressful time, and it can be unpleasant when you begin to consider all of your options going forward. How will you handle the debt? Are you financially capable of paying off each of your creditors? Or will you be left paying debts for the rest of your life?  Read More

If you don’t have any interest in holding on to your RESPs, then your trustee can cash out the plan and use them against your debts.  Read More

Bankruptcy can be a scary word. It can be frightening to think that all your assets, whatever they may be, will be taken from you and used as a way to help pay off your debts to your creditors. However, this is a common misconception.  Read More

We all have our preferences, and sometimes we may unconsciously or consciously lean towards something rather than another. This can be applied to almost anything in life, from food to people, and in this context, even our creditors.  Read More

Unpaid debts can cause unnecessary stress. Instead of being able to enjoy the full potential of the money you earn, you’re stuck chipping away at a debt that seems to have no end. Regardless of the size of your debt, owing money is something you should try to avoid altogether, and there are many ways to help you do just that.  Read More

When it comes to bankruptcy in Canada, many are unfamiliar with how surplus income affects your bankruptcy process. In general, surplus income is your monthly income during the time you are bankrupt—basically, the higher your income, the more surplus income you will have to pay.  Read More

When self-employed and sole proprietor owners get overwhelmed with debt, many file for bankruptcy to gain a fresh start. However, after you have filed for bankruptcy, you might have to make monthly payments known as surplus income payments.  Read More

For most small business owners and self-employed individuals, filing bankruptcy in Canada should be carefully considered. First, we’re going to outline the advantages and disadvantages of filing for bankruptcy —- you need to weigh the pros and cons of bankruptcy.  Read More

With such a large number of start-ups and businesses in Canada, self-employed individuals are prone to run into debt problems. When these debt problems get overwhelming, small business owners may need to file for bankruptcy to gain a fresh start. When an individual files for bankruptcy, this is considered personal bankruptcy.  Read More