2025-09-04
Will Bankruptcy Erase All Of My Debt?
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
2009-10-12
Author: Linda Paul
In BC, most creditors (including Visa) have to obtain a court judgment against you before they can garnish your wages. If they are going to apply to court for this type of judgment, they have to first serve you with notice. In Small Claims Court, this is called a "Notice of Claim." So, if Visa has your current contact information and if they haven't yet served you with a Notice of Claim, it's very unlikely that they have a judgment and it's therefore very unlikely that they could garnish your pay cheque. Unfortunately, many collectors will tell you that they are ready to garnish, even though they are not legally in a position to do so. If a collector is telling this and you haven't been served, ask them for the court number and a copy of the judgment.
2025-09-04
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
2025-09-02
Lifestyle Debt Debt Solutions
You already know the many benefits of skilled money management. The fact you’re reading this blog post says at least that much. Your challenge, like for most households, is how to navigate the seemingly infinite demands on your frustratingly finite income.
2025-09-02
Lifestyle Debt
Have fun on a budget with our guide to affordable activities in Atlantic Canada.