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

Do I Qualify for Personal Bankruptcy?

Dec 19, 2014 | Leave a comment

You are broke. No money. Way too much debt. You don’t feel you have any way out of your current situation. A friend suggests you file for bankruptcy, but you don’t know. Bankruptcy sounds so bad, besides, do you even qualify to file for bankruptcy? None of this is easy….

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Should I File? Senior, Pension Income & Credit Card Debt

Dec 5, 2014 | (2) comments

The number of retired people earning a pension income and carrying credit card and line of credit debts is growing significantly.  Unfortunately a fixed pension income can only go so far.  When you pile debt payments (including interest) on top of other life costs, it is easy to see how seniors find…

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Will My Bankruptcy Trustee Garnish My Wages?

Nov 21, 2014 | Leave a comment

Bankruptcy does require than you make monthly payments which are part of the cost of declaring bankruptcy in Ontario. You will make arrangements with your bankruptcy trustee about how often you will make these payments (monthly, bi-weekly etc.) so that it fits in your budget. In a consumer proposal your…

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