What are some of the differences between a bankrupcy and a proposal. Why would I pick one or the other?

A friend has sent an incorporated business books to be done but cannot pay the bookkeeper for the work she has done. My taxes are due very shortly. Can she hold my books pending payment?

If you're struggling under the burden of financial difficulties and find it difficult to manage the cost of day-to-day expenses let alone keep on top of your debt obligations, the one thing for sure is that you are not alone.

I owe my bank money for a visa account, I am behind on my payments, and they have taken my last couple of paychecks. My friend told me that if I go bankrupt, I can get this money back, is this true?

I haven't filed taxes in ten years. Don't even have all the paper work. Owe about $50000 to the government and about $6000 in other debts. Just need to know where to start. Child support is 1305 and currently on unemployement

Sometimes clients express concern that they will not be able to open a bank account or conduct banking while going through the process. This is not a concern in Canada.

Debt that you owe and repay to your creditors consists of two parts. The first part is the money you originally borrowed. The other part is the interest (and sometimes fees).

I know student loans don’t go away in a bankruptcy unless it has been 10 years since you finished your program, but I’ve heard this is being changed. What will the new time period be and when will that change be in effect?

I've been doing insolvency work for a very long time, so I remember when interest rates were much higher than they were today. In fact, I recall back in the 1980s when mortgage interest rates were over 20% in some cases (no, that is not a typo).

after declaring bankrupsy, how long must i wait before I can be free to keep my full wages etc.?