2025-09-12
To be or not to be — a director. That is the question.
Thinking of becoming a company director in Canada? Sure, it’s an impressive title. But it’s also a serious legal responsibility.
Will Bankruptcy Get Rid Of My Credit Card Debts
2011-03-10
Hello, Bankruptcy extinguishes unsecured debts - i.e. debts for which an asset has not been pledged as collateral. There are certain unsecured debts that are not forgiven in bankruptcy such as debts arising out of fraud, child support and a few others which I have mentioned in a recent posting. General speaking, credit card debts are extinguished in bankruptcy. However, you should also keep in mind that there may be other options to resolve such a problem. Some that come to mind include improved budgeting, a consolidation loan that offers a lower interest rate than the credit cards, a consumer proposal, or orderly payment of debt (note this is not available in some provinces including Manitoba). You might consider contacting a Trustee for an assessment of your situation. Most trustees do not charge for this review of your financial difficulties and they will advise you options that are suited to your unique situation. Brad Milne, CIRP Trustee in Bankruptcy Brandon, Manitoba
Latest Blog Posts
2025-09-04
Will Bankruptcy Erase All Of My Debt?
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
2025-09-02
How to budget when you’re living paycheque to paycheque
Lifestyle Debt Debt Solutions
You already know the many benefits of skilled money management. The fact you’re reading this blog post says at least that much. Your challenge, like for most households, is how to navigate the seemingly infinite demands on your frustratingly finite income.
