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

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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How To Deal With Joint Debts: Together, or Separately

Oct 9, 2015 | Leave a comment

There are many reasons why someone would have joint, cosigned or guaranteed debts. Both parties are responsible for the debt if they have both signed for it.  That means that if one of the joint debtors does not pay, the other joint debtor is still responsible to pay off the debt. …

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I’ve Returned To Work. Is Now The Time To File Bankruptcy?

Sep 11, 2015 | (2) comments

Larry (not his real name) first came to see me about 5 months ago.  He had accumulated about $50,000 in debt when he and his wife divorced.  He doesn’t own a house and has a car that is worth a few thousand dollars. He had been making the payments, however,…

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