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October 16th, 2023
A consumer proposal will indeed impact your credit rating, but not as severely as a Bankruptcy. While both choices can make it more challenging to secure credit, a Consumer Proposal remains on your record for just three years after your final payment.
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October 13th, 2023
In this article, we’ll discuss how a consumer proposal can influence your current home and mortgage prospects.
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October 12th, 2023
Almost half of all Canadians find themselves with less than $200 to spare by the end of the month, leaving them vulnerable to financial challenges. In today’s uncertain economic climate, unexpected expenses can easily push you into debt, leaving you uncertain about your next steps.
You might be burdened by debt, but you could also have valuable assets you wish to protect. Concerns about the long-term repercussions of bankruptcy may be on your mind. Fortunately, there’s an alternative solution – a Consumer Proposal, which can offer you a fresh financial start.
If you’re grappling with financial stress and struggling with payments, seeking guidance from a Licensed Insolvency Trustee at Harris & Partners is a wise step. They can help you explore options and propose a debt repayment plan to your creditors. Harris & Partners provides expert assistance and complimentary debt counseling to assist you in regaining financial control.
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October 11th, 2023
Immigration and Its Impact on Bankruptcy and Consumer Proposals in Canada Canada is known for its welcoming stance on immigration, […]
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October 10th, 2023
Constant calls from creditors are a sign that your debts are piling up and need to be dealt with. Creditors are required by law to stop collection actions once you file a consumer proposal or bankruptcy. If you have money worries and can’t make payments, it’s in your best interest to meet with your Licensed Insolvency Trustee (previously known as a Trustee in Bankruptcy), at Harris & Partners. This will help you to understand your options and present your creditors with a solution for the payment of your debt. Harris & Partners provides expert advice and free debt counselling to help you begin getting control of your finances.
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October 10th, 2023
Many individuals enter into a business partnership in the hopes that joining forces with another person will create a better client base, bring a more various set of skills to the table, and generally help business boom. Agreeing to a partnership means sharing not only in profits and success, but also in losses and debts. What can you do when your partner declares personal bankruptcy? How does this put you at risk?
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October 10th, 2023
Filing for bankruptcy can be a scary time for anyone. There are many different legal requirements depending on which province you live in, and then there are the questions you’ll have:
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October 10th, 2023
It’s rare to find someone who doesn’t have some form of debt these days, but it’s when that debt gets to the point where you are struggling to pay it that you need to take action.
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October 10th, 2023
Do you have significant tax debts? If the answer is ‘Yes’ or even if you are just concerned with the state of your finances it is beneficial to book a free consultation with a Licensed Insolvency Trustee (previously known as a Trustee in Bankruptcy). When you meet with a Trustee you will need to provide information on your income and expenses, including net monthly take home income and proof of income as well as information about the value of your assets and a list of your debts.
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October 10th, 2023
If you have been discharged from bankruptcy or otherwise have a poor credit score, you may be wondering how you can rebuild your credit. Lenders are often reluctant to provide people with poor credit in their records with any credit at all because they are concerned about your ability to pay. Here’s how you can rebuild your credit after a financial crisis:
