2025-09-12
To be or not to be — a director. That is the question.
Thinking of becoming a company director in Canada? Sure, it’s an impressive title. But it’s also a serious legal responsibility.
How Long Does A Bankruptcy Last On Your Credit History
2011-12-08
The general rule is that a fact remains on a person's credit history for six years. So the fact of a bankruptcy will disappear six years after an individual is discharged (released) from their bankruptcy.Exceptions to the Rule There are two exceptions to this rule: a) a second or subsequent bankruptcy will stay on a person's history for fourteen years b) aconsumer proposal will be removed three years after it is completed These rules are based on Ontario law, but the two large Credit Bureau's in Canada (Equifax andTransUnion) both follow them nationally. There are a few small credit bureaus in Canada who may follow their own provincial rules. For more answers on personal bankruptcy, please consult ourBankruptcy FAQ orcontact me directly.
Latest Blog Posts
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.
2025-09-02
How to budget when you’re living paycheque to paycheque
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.
