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Consumer Proposal versus Bankruptcy: Which one is best and what’s the difference?
10/03/2021
Linda Paul
Bankruptcy
Consumer Proposal
Consumer Proposals and Bankruptcies are government legislated insolvency options that can provide relief from serious debt problems. Both solutions can only be administered by a Licensed Insolvency Trustee. In addition, both solutions provide a legal...
Read More arrow_forwardMy partner filed Bankruptcy; do I need to as well?
23/03/2021
Jeane Herman
Bankruptcy
It is a common misconception that if one partner in a marriage files Bankruptcy, the other needs to as well. However, this isn’t always the case: there is no law that says both parties must file Bankruptcy. But it is a timely opportunity to review...
Read More arrow_forwardStatistics Show What We Already Know Albertans Are Struggling
13/02/2017
Vicky Samuels
Bankruptcy
MNP’s Vicky Samuels recently spoke with Discover Airdrie about the increase in bankruptcies throughout Alberta as household incomes continue to waiver across the board.
Read More arrow_forwardWhat Can I Keep In A Bankruptcy In Manitoba
28/02/2017
Bankruptcy
The debt load is now overwhelming. This is not where you thought you would ever find yourself. After trying everything you can think of to manage it, you see no light at the end of the tunnel and you know it’s time to consult with a Licensed Insolvency...
Read More arrow_forwardWhat Can I Keep If I Claim Bankruptcy In B.C.?
23/07/2015
Bankruptcy
Bankruptcy is a process that allows a debtor to get a fresh financial start. When you file for bankruptcy, you surrender your assets to your bankruptcy trustee. The trustee then turns those assets into cash, and distributes the money to your creditors....
Read More arrow_forwardWhat Are Exempt Assets In Bc
12/02/2016
Leah Drewcock
Bankruptcy
Filing for bankruptcy can be daunting. Many people fear they will lose absolutely everything. The good news is, that’s not the case. When you file for bankruptcy, some of your assets are protected from being seized by the creditors.
Read More arrow_forwardWhat Is Surplus Income And How Is It Calculated In A Bankruptcy
30/10/2015
Mary Plahouras
Bankruptcy
When most people think of the term surplus income they think of the amount that they have available to spend after deducting their discretionary (i.e. entertainment, etc.) and non-discretionary (i.e. child support, etc.) expenses.
Read More arrow_forwardWhich Repayment Plan Wins: Debt Avalanche or Snowball?
07/11/2016
Grant Bazian
Bankruptcy
Consumer Proposal
If you're like most Canadians today, you might find you're struggling to keep up with the day-to-day cost of living. With a weakened economy and unemployment on the rise, many people across the country have found themselves relying on debt to make it...
Read More arrow_forwardUnemployment And Insolvency Often Go Hand In Hand
14/06/2016
Ian Schofield
Bankruptcy
Consumer Proposal
The insolvency statistics for March have just been released and they are consistent with the trends for the previous few months. Generally filings are flat across the country except for those provinces affected by the decline in oil prices. Total filings...
Read More arrow_forwardThe Benefits Of A Consumer Proposal Versus A Bankruptcy
07/07/2015
Bradley Milne
Bankruptcy
Consumer Proposal
Consumer proposals and bankruptcies are both government legislated options which can provide you with relief from significant debt problems.
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