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

What Is CRA Looking For In A Consumer Proposal?

Jan 8, 2016 | Leave a comment

Like most creditors, the Canada Revenue Agency (CRA) is willing to consider the acceptance of a consumer proposal. A consumer proposal is the only government legislated program in Canada that allows consumers to put forth a legally binding debt settlement offer and tax debts owing to the CRA can be included…

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What Happens If I Change Jobs While I’m Bankrupt?

Dec 11, 2015 | Leave a comment

You have taken the big step.  You realized you were having financial difficulties, you visited the trustee and now things are going along quite well. Until you find out that you have a career prospect in another city or even another province. You may find out you are losing your job or that you’ve been offered…

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Why You Should Check Your Credit Report Before Filing Bankruptcy

Nov 13, 2015 | Leave a comment

If you’re contemplating filing a personal bankruptcy, you should double check your credit report at each credit bureau BEFORE doing so.  There are two main reasons for this: Is the situation as bad, as or, worse than you think? If you’re going to take the step into bankruptcy, you’ll want it…

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