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.
Can I File Bankruptcy If I Have A Good Income
2008-03-15
We can't advise you on the correct alternative without knowing your entire situation so these are general comments related to your question: a) anyone can file bankruptcy if they owe more than $1,000 and are unable to pay their debts as they come due. b) depending on the level of income in your household, you may have to pay what is called "Surplus Income" into the bankruptcy for a period of time. c) Bankruptcy may not be the right alternative for you if you have surplus income. A consumer proposal, for example, might be a better alternative, and might result in your having a better credit rating than a bankruptcy. Please contact our nearest office to book a free initial consultation to review all the options you have. Ian Schofield Regina, Saskatchewan
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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.
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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.
