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How is my credit affected when filing for Bankruptcy or a Consumer Proposal?
April 14th, 2022
Bankruptcy and Consumer Proposals are not easy to navigate. Listen to some tips by our Licensed Insolvency Trustee and reach out for more details.Written by: Joshua Harris
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What happens to my assets in Bankruptcy?
March 17th, 2022
Bankruptcy and Consumer Proposals are not easy to navigate. Listen to some tips by our Licensed Insolvency Trustee and reach out for more details.Written by: Joshua Harris
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Bankruptcy exemptions – What can you keep?
June 22nd, 2021
Declaring bankruptcy is the end of the line for most people who find themselves unable to pay their debts and have a barrage of angry creditors hot on their trail.Written by: Joshua Harris
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How does corporate bankruptcy affect personal credit?
June 22nd, 2021
If you are worried about whether declaring your business bankrupt will affect your personal credit score, you need to ask yourself if you are personally liable for any debt that the business has racked...Written by: Joshua Harris
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Can I get a loan while in a consumer proposal
June 22nd, 2021
Even though a consumer proposal can reduce the amount that you pay out each month in debt by as much as 80%, you might unexpectedly find yourself in the position of needing to apply...Written by: Joshua Harris
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Can I claim bankruptcy without my spouse
June 22nd, 2021
In Canada, if you are married and file for bankruptcy, this does not affect your spouse. You are considered to be solely responsible for any debts and if you declare yourself bankrupt, only you...Written by: Joshua Harris
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Which debts are included in a consumer proposal or bankruptcy?
January 15th, 2021
We’ve already talked about the difference between secured and unsecured debts, but what happens if you have a debt that you forgot about or didn’t even know about?Written by: Joshua Harris
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What debts to pay off first? Quick Tips
January 8th, 2021
Many Canadians, especially during the holiday season, run into some extra cash, whether it is a small bonus from work or money from friends and family. The question is always: What should I do...Written by: Joshua Harris
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Repayment of CERB – Everything You Need To Know
January 6th, 2021
During the COVID-19 pandemic, the Canada Emergency Response Benefit (CERB) was established to provide financial support to employed and self-employed Canadians. Recently, many Canadians have begun receiving notices from the Canada Revenue Agency (CRA), stating...Written by: Joshua Harris
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How much does a consumer proposal cost?
April 9th, 2020
This is the most common and always the first question we are asked. The cost of a consumer proposal is quite simply that is must be have a larger benefit to your creditors than...Written by: Joshua Harris
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Debt Collection: Information About Your Rights
May 16th, 2019
Debt Collection: Information About Your Rights. If you think that they have the wrong person or that the debt is incorrect...Written by: Joshua Harris
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Is Your RDSP Protected if You File for Bankruptcy?
February 14th, 2019
In 2009, the Federal Government made major amendments to the Bankruptcy and Insolvency Act (the “Act”). One of the key amendments to the Act was the protection of Registered Retirement Savings Plans (RRSPs) and...Written by: Joshua Harris
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What To Do If You Lose Your Job and Have No Money
December 12th, 2018
Recently there has been a lot of media coverage about the potential closing of the GM plant in Oshawa and the effect this will have on the workforce. We know that the union is...Written by: Joshua Harris
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How to know you have too much debt and need help
December 5th, 2018
Living with debt can become a way of life—if you’re not careful. Think of debt like a hurricane. At first, you know you’re in trouble, and you try to weather the storm, doing whatever...Written by: Joshua Harris
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Can I Keep My House and Car if I Go Bankrupt in Ontario?
November 22nd, 2018
There is no quick answer to this question as it depends on a lot of different factors, including how much you owe, how much equity is in your home or car, and their current...Written by: Joshua Harris
