Can a Debt Consultant Get Me a Better Deal with My Creditors?
When you are struggling with debt and embarrassed by your financial situation, it is hard to take [...]
The Meaning of Insolvency
If you are in debt, you may hear the word “insolvency” being used. What does this mean, [...]
Is a Consumer Proposal a Loan?
Many people reach out to a Licensed Insolvency Trustee (“LIT”), thinking that we pay their debt in [...]
Can you go bankrupt more than once?
The Bankruptcy and Insolvency Act (“BIA”) is the federal legislation that governs insolvency filings in Canada. There [...]
Can I file for bankruptcy if I am current on my debt payments?
To the surprise of many, it is not a requirement for you to be in arrears on [...]
Can I retain my bank account in a bankruptcy or consumer proposal?
The number of people who have had the same bank account since they were children is surprising. [...]
New Year – New Financial Goals
Happy New Year! Around the world, there are many traditions to ring in the new year and [...]
Income Tax Debt and Insolvency
Based on the number of inquiries I have received recently, the Canada Revenue Agency (“CRA”) is getting [...]
Virtual versus In-Person Bankruptcy Consultation
Pre-pandemic Consultations Pre-pandemic, a Licensed Insolvency Trustee (“LIT”) was required to see all debtors in person prior [...]
Why it’s important to be discharged from a bankruptcy
Filing an assignment in bankruptcy legally stays (stops) your unsecured creditors from pursuing you for collection until [...]
