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 Much Do I Have To Offer Creditors In A Proposal
2010-08-11
The amount you have to offer to your creditors in a formal proposal (i.e., this would be a Consumer Proposal or Division I Proposal made under federal legislation) depends primarily on your ability to pay, what you own, and how much you owe to your creditors. Creditors will typically be willing to accept a proposal that offers them more than they would get in a bankruptcy and at least 25 to 30 cents on the dollar after the costs of the process are considered. It's best to speak with a trustee to get an estimate of what you could expect your creditors to accept in settlement of the debt. Most proposals are a series of fixed monthly payments over a period of time. The payments are designed to be manageable based on your ability to pay. If you'd like to set up a consutation to find out what amount your creditors may be willing to accept, feel free to give me a call. There is no cost and no obligation to you and it's a good opportunity to get some information. Judy Scott - Trustee Port Moody - Burnaby - Maple Ridge, British Columbia 604-949-2113 [email protected]
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2025-09-04
Will Bankruptcy Erase All Of My Debt?
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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
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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.
