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

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

Jul 14, 2017 | Leave a comment

The number of retired people earning a pension income, carrying credit cards, 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 themselves…

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Good Intentions: The Honest But Unfortunate Debtor

Jun 9, 2017 | Leave a comment

Every two years Licensed Insolvency firm Hoyes, Michalos & Associates Inc. publishes a study on the average insolvent person in Ontario. Their study highlights vulnerable groups who are more prone to becoming insolvent, and identifies potential causes of insolvency. Who’s More Likely to File Insolvency? The study states that millennials,…

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Bankruptcy and New Credit

May 12, 2017 | Leave a comment

There are two common misconceptions about filing bankruptcy: If you file bankruptcy, you will never get credit again. If you file bankruptcy, you have to wait seven years before applying for new credit. Both of these statements are not true. It is possible to qualify for new credit following a…

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