2009-12-28
No, not really. The process is generally the same for either a corporate and a personal bankruptcy, although the corporate ones are often more complex. The only real difference is that an individual person eventually gets a discharge - a release from the debts they owed when they filed, whereas a corporation never gets released from bankruptcy. I should note, however, that many large corporations are reorganized under the Companies' Creditors Arrangements Act ("CCAA"). This process is quite different from that found in the normal bankruptcy act. Ian Schofield MNP Regina 306-790-7904
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.
