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.
2008-08-07
If you're receiving social assistance or some other form of income assistance, you are still eligible to do a bankruptcy. Depending on what you own, it is likely that the only payments you would make into a bankruptcy would be to cover the cost of the bankruptcy. You should keep in mind, though, that even if you don't do a bankruptcy, you're probably "creditor proof," meaning that there is very little that creditors can do to enforce payment. Most creditors cannot garnish social assistance payments. If you are not able to pay your creditors, they will continue with collection calls for a while but if they see no prospect of you being able to pay anything, they will eventually write off the debt and stop calling you. If you own anything that isn't protected from creditors, let me know as this could change the advice I've just given you. If you want to see the list of things that creditors cannot take from you, just follow this link: Exempt Assets. If you want any further information, feel free to give me a call, a blog posting, or an email. Judy Scott - Trustee 604-949-2100 Port Moody - Vancouver - Abbotsford [email protected]
2025-10-21
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
2025-10-20
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
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.