In Canada, there are both bankruptcy lawyers and licensed insolvency trustees that can help with different types debt-related issues. In this post, Maureen Parent explains the key differences and who can help you depending on your situation.
If you decide you want to file for bankruptcy, that doesn't necessarily mean you can stop making debt payments. It'll depend on the debt and when you plan to file. Also, some debts can't be included in a bankruptcy. Learn which debts you can and can't stop paying before filing.
Most people worry that bankruptcy is their only option for eliminating debt. Luckily, that's not the case. We review 5 alternatives to bankruptcy for dealing with overwhelming debt.
Filing for bankruptcy is a legal process, and thus what you do before filing is subject to review. Read about specific actions to avoid entirely before declaring bankruptcy and helpful tips to follow before you file.
Here is your guide to understanding what happens with unpaid debt if your business closes. Learn about restructuring debts, government debts, if you can still run your business, and more.
If you can’t afford your monthly payments, and your debt is accruing quickly, bankruptcy may be the right choice for you. Learn about what a bankruptcy means for you both personally and financially.
Doug Hoyes explains the difference between a business and personal bankruptcy and what business debts are eliminated by filing personal bankruptcy and which remain.
Taking on another payday loan to pay back existing payday loans is not the answer. Learn how a bankruptcy or consumer proposal can eliminate payday loan debt and get the help you need to break the cycle.
Does your employer need to know that you are filing for bankruptcy or consumer proposal? Doug Hoyes answers the most common questions people have about whether your job will be affected by filing bankruptcy.
Financial struggles can occur in any situation, even those with certified designations. Find out if a bankruptcy or consumer proposal impacts your professional license, from Lawyers to Medical Doctors.
Are you considering filing for insolvency and are curious how the process stops your creditors? Find out what a stay of proceedings is and how quickly it starts helping your financial situation.
Are you thinking about filing for bankruptcy and want to know more about what this form of debt relief requires from you? Learn about the duties you are responsible for in order to clear your debts.
Wondering if a bankruptcy will have an impact on your partner or not? Find out IF a spouse would be affected by your personal bankruptcy, and how you can deal with debts in divorce.
Did you know that bankruptcy is a legal and regulated process governed by federal legislation? Here is our easy-to-understand guide on the Bankruptcy and Insolvency Act, including 6 rules you need to know.
One of the most common questions we get from our clients is “how long will the insolvency last on my credit report?” Learn how many years Canadian credit bureaus will report your bankruptcy or consumer proposal.
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