How long will bankruptcy last?

Continuing with part 2 of our 5-part series on Bankruptcy 101, we now explore the process of filing for bankruptcy.

Many people in financial difficulty don’t realize that there are options other than bankruptcy. A trustee has a responsibility to go through all of these options with you. This 5-part series is meant to provide a general overview of bankruptcy.

As the Canadian economy continues to slump and unemployment grips thousands of households across the country, it's no surprise to learn that many are struggling to keep up with the costs of day-to-day living, let alone manage debt.

What assets can I keep if I file for bankruptcy?

If an individual has assets in more than one province, how do you determine which assets they get to keep?

With a weakened loonie and job losses on the rise, many are struggling to keep up with monthly expenses. In fact, according to a poll conducted with MNP, nearly 50% of Canadians are within just $200 of not being able to meet their financial obligations.

Given today’s weakened economy, an ever increasing cost of living and a struggling Canadian dollar, it’s no surprise to learn that many Canadians have come to depend on credit to get them through financially tough times.

A consumer proposal could be the solution that changes your life.

It’s difficult these days to plan for future financial challenges. After all, who has a crystal ball to tell them what the future holds?