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.
Understanding How Filing For Bankruptcy Can Affect Your Spousepartner And Family
2012-01-18
When a person files a bankruptcy they need to report to the Trustee the monthly income of all members of the household. Please watch the video or read below. The income of the household can determine whether a person needs to make an additional payment in the bankruptcy called a surplus income payment. This payment is calculated based upon the person’s portion of the total household income and the guidelines set by the Superintendent of Bankruptcy based upon the number of people in the household. Another impact to your spouse or family can come into effect where the spouse or family member has co-signed the loan. While the debt would be eliminated (discharged) against the person filing bankruptcy, the creditor would still have its rights to go after the co-signer for payment of the debt. For more information on how filing for bankruptcy may affect you or your loved ones, pleasecontact me directly or consult ourPersonal Bankruptcy FAQ.
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2025-10-20
Seniors and Debt
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
How buyer’s remorse laws can help you stay out of debt
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.
