by Colleen Beausoleil | Jan 14, 2024 | Bankruptcy, Consumer Proposals, Debt Consolidation Canada
A common thought when faced with financial difficulties is – “Well, I will just go bankrupt, and all my debt will be taken care of.” This can be true, but it isn’t always the case. However, understanding the nuances of bankruptcy and its implications...
by Colleen Beausoleil | Jul 31, 2023 | Bankruptcy, Debt Management
Did you know that you will not lose all your assets if you file for Bankruptcy or a Consumer Proposal? A Bankruptcy or Proposal to creditors gives you protection from your creditors and allows you to make a fresh start. Bankruptcy exemptions are a topic that not many...
by Colleen Beausoleil | Dec 23, 2022 | Avoid Bankruptcy, Bankruptcy
Did you know that the total number of small business bankruptcies in Canada was 13.6% higher in May of 2022 than the previous year? It’s unfortunate that small businesses find themselves in this situation but when small businesses in Canada find themselves struggling...
by Colleen Beausoleil | Dec 22, 2022 | Bankruptcy, Consumer Proposals, Debt Management, How to Get Out of Debt
One of the last options creditors will employ to recovery unpaid unsecured debts is a writ of enforcement which can put the equity in your assets in jeopardy. In this blog we explore writs and how they work, how they work in a bankruptcy and proposal, and the...
by Colleen Beausoleil | Oct 26, 2022 | Bankruptcy
Contrary to what most people believe, you will not lose everything if you file for bankruptcy. However, it’s important to understand exemptions to the bankruptcy law as they vary between provinces and territories. In particular, you are probably concerned about...
by Rebecca Frederick | Oct 1, 2021 | Bankruptcy
Bankruptcy can be a scary word when it comes to solving your debt problems. This legal proceeding is available to individuals who are unable to repay their outstanding debts but it’s no secret that there are many myths out there that make the process seem frightening...
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