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.
Business Related Bankruptcy
2008-10-07
It depends on a few things: - If your business is a corporation (a legally incorporated company), you may or may not be personally liable for the company's debts; - If your business is a partnership or sole proprietorship, you are personally liable for the business debts. Your decision as to whether or not a personal bankruptcy makes sense depends on what your total debts are and what resources (income, assets, etc.) you have to pay the creditors. Are you also wondering whether the company should do a bankruptcy? If it is a corporation and the corporation's debts are only $5,000, it wouldn't make any sense to do a bankruptcy of the company. If you want to provide a bit more information, I can give you a better answer. Or if you wish, feel free give me a call or email me. Judy A. Scott Vancouver - Port Moody - Abbotsford 604-617-1711 [email protected]
Latest Blog Posts
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.
2025-10-17
How buyer’s remorse laws can help you stay out of debt
This is called buyer’s remorse. In some cases, Canadian law provides protections that can help you reverse these costly decisions and avoid sinking further into debt.
