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

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

Sep 12, 2018 | (6) 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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Getting Into Debt Is Easy, Getting Out Of Debt Doesn’t Have To Be Hard

Aug 3, 2018 | (2) comments

Today’s society offers us many opportunities to get “credit”. We have credit cards, lines of credit, overdrafts, tax debts, and payday loans. I placed credit in quotes, because a lot of people mistakenly interchange the meaning of what’s credit, and what’s debt. When you’re using this newfound and easily obtainable credit, over…

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How Are Funds Distributed To Creditors In Bankruptcy?

Feb 27, 2018 | (2) comments

Bankruptcy is highly regulated. In addition to the multitude of provisions contained within the Bankruptcy & Insolvency Act, there are numerous complementary pieces of legislation and decades of court cases. At its core, though, bankruptcy is very simple with a few key principles. For example, the honest but unfortunate debtor…

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