Displaying results for:
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_forwardWhat's the income threshold to file a bankruptcy?
09/03/2021
Caryl Newbery-Mitchell
Bankruptcy
Many people are surprised to learn there is no minimum or maximum income threshold to file a Bankruptcy. Individual financial situations are so unique that it’s possible someone earning $10,000 per month is just as eligible to file a Bankruptcy...
Read More arrow_forwardCan I keep my car if I file a Bankruptcy?
09/03/2021
Tina Powell
Bankruptcy
Fear of losing needed or cherished assets is one of the most common reasons why people are hesitant to file a Bankruptcy. And a motor vehicle is understandably one of the assets potential bankrupts are most fearful of losing. Unfortunately, there isn’t...
Read More arrow_forwardCommon myths and misconceptions about Bankruptcy
19/02/2021
Jeane Herman
Bankruptcy
Unmanageable debt is stressful enough without the persistent half-truths and complete inaccuracies that prevent people from getting the relief they need and deserve. Bankruptcy, more than any other debt solution, often seems to be the target of these...
Read More arrow_forwardWill my ICBC debt go away if I file a bankruptcy?
16/02/2021
Bankruptcy
Bankruptcy can provide relief for most types of consumer debt, save for a few noteworthy exceptions. Therefore, you can — in most cases — include a debt owing to the Insurance Corporation of British Columbia (ICBC) in a bankruptcy. However,...
Read More arrow_forwardMortgage broker vs. banker: Who should you see about a mortgage following a Bankruptcy or Consumer Proposal?
22/01/2021
Leah Drewcock
Bankruptcy
Consumer Proposal
Your financial fresh start has opened a whole new work of possibilities for you, including the opportunity to become a homeowner.
Read More arrow_forwardWhat is the difference between a Consumer Proposal and debt management plan?
26/11/2020
Tara Silliker
Consumer Proposal
Bankruptcy
We’re asked this question often, largely because of the initial similarities many people see between these two debt solutions.
Read More arrow_forwardGetting a mortgage after a Bankruptcy or Consumer Proposal? Here’s what you need to know about mortgage loan insurance.
24/11/2020
Leah Drewcock
Bankruptcy
You’re saving, you’re budgeting for all the costs involved — and you’re nearly ready to put an offer in. But have you factored mortgage default insurance into your calculations?
Read More arrow_forwardFive resources to increase your money management IQ this financial literacy month
09/11/2020
Lindsay Burchill
Lifestyle Debt
Bankruptcy
Debt Solutions
Personal finance can seem like an endless stream of jargon, best practices, and often contradictory advice about what you should do with your hard-earned income.
Read More arrow_forwardNew to Bankruptcy? Here’s a step-by-step guide of what to expect
20/10/2020
Karen Liberty
Bankruptcy
Debt Solutions
You likely know what Bankruptcy is and what it can do for people suffering with unmanageable debt. But you may not understand how it works or what’s required of you. Maybe you feel intimidated by the legal jargon, concerns about losing everything...
Read More arrow_forward