2025-10-30
Debt traps and financial nightmares
Lifestyle Debt
Many Canadians are stuck in payday loan cycles. Learn how debt traps form, why they’re harmful, and what you can do to escape and regain control.
Bankrupty Of Ex Spouse
2010-04-15
A creditor generally has the right to come after a co-signer if the creditor has not been paid. This is the case even if you paid your share to your ex-husband but he did not forward those funds to the creditor.I would suggest you call the creditor and advise of the situation and hopefully they will settle the debt on compassionate grounds. If they are not willing to settle the debt on satisfactory terms, you may wish to consider filing a consumer proposal or an assignment in bankruptcy. Please call one of offices to discuss your alternatives and their respective advantages and disadvantages. Marvin Zweig MNP Richmond Hill Direct Line 289.695.4388
Latest Blog Posts
2025-10-21
How we helped a client decide between a consumer proposal and bankruptcy
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
2025-10-20
Seniors and Debt
Alternatives to Bankruptcy Bankruptcy Consumer Proposal Lifestyle Debt MNP Consumer Debt Index
Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.
