Avoiding Bankruptcy

avoiding bankruptcy

Declaring personal bankruptcy is not the only way to eliminate your debt. Choose an option you can afford, and one that fits your situation. Find out if you can settle your debt with a consumer proposal and keep your assets.

Avoid bankruptcy

What Do you Keep If You Go Bankrupt In Ontario?

Ontario Exemptions

What Do you Lose If You Go Bankrupt In Ontario?

Cost of Bankruptcy in Ontario

Expert Advice Blog | Recent posts

Who Does a Bankruptcy Trustee Work For?

Jul 25, 2014 | Leave a comment

You choose the trustee you want to work with but who do they work for?  You? Your creditors? Depending on what you read on the internet or who you talk to, this can cause quite a debate. In very few words, the trustee in bankruptcy is an officer of the…

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Can I Get a Mortgage After Declaring Bankruptcy

Jul 18, 2014 | Leave a comment

There are no guarantees after bankruptcy – no guarantees about what kind of credit you will qualify for. The answer is that it depends on you. It’s All About Risk Management Bankruptcy or not, a mortgage lender is assesses the risk of somebody not being able to pay the mortgage. Lenders…

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Consumer Proposal or a Second Mortgage – Which Is Better?

Jul 11, 2014 | Leave a comment

In my opinion, there are very few instances when a second mortgage makes sense. The problem with a second mortgage is the interest. As I write this article, first mortgages rates are between 2 ½ to 4%, while second mortgages usually run from 12 to 18%. By comparison, a secured…

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