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.
When Will I Be Considered Discharged From My Debts
2014-06-09
You will be considered free or discharged from your debts once you have completed the entire process. Depending on the length of your bankruptcy, 9, 21, 24 or 36 months – as a bankrupt you have certain obligations: keep the Trustee informed of your financial and personal situation throughout the process, attend 2 counselling sessions, attend a meeting of creditors (if required), cooperate with the Trustee, make your monthly payments to the trustee, etc. Once this is completed, you will be discharged or released from your debts.
Latest Blog Posts
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.
