2009-02-02
After you file for bankruptcy, you will provide your Trustee with a report each month accounting for all of your income, and all of your expenses. In month #1....you would be reporting a medical expense. In month #2....you would be reporting a reimbursement of that expense. The net effect over the 9 months of your bankruptcy is a wash. You have no "net" income to report. In fact, if your group plan doesn't cover 100% of your expenses, you will have a net expense to report. Don't hesitate to contact one of our Trustees in your area if you want to discuss the specifics of this reporting. Donna Carson, CGA, CIRP, Trustee Calgary, Airdrie, Drumheller regions 1.877.500.0792 [email protected]
2025-06-19
With the school year beginning and thousands of Canadian students beginning a new semester of post-secondary studies, all those hard-earned dollars from summer gigs are now being applied to tuition, books, transportation, housing, and supplies.
2025-06-18
The cost of daily goods has been rising over the past few years — increasing the price of food, gas, clothing, and many other essential items that Canadians need in their day-to-day lives.
2025-06-16
Bankruptcy Alternatives to Bankruptcy
Let’s review what a Consumer Proposal is, as well as the pros and cons of filing a Proposal, to help you determine if it’s the right solution for your unique situation.
