Category: Latest News

The Office of the Superintendent of Bankruptcy has released information about the number of new insolvencies filed by consumers for the first quarter of 2014. In Canada, the overall number of new consumer bankruptcies continues...

Filing Bankruptcy While Self Employed There are provisions in bankruptcy law that allow you to file for personal bankruptcy and keep your business going.   If you’re declaring bankruptcy because you cannot pay your bills and, at...

If you file bankruptcy, you are still liable for certain debts. Among the debts that you are liable for are those that are ordered by the court, including child support and alimony. According to sections 178(1)(b) and (c) of the...

According to an article published by the CBC today, Canadians debt ratio hits record high of 163.7%.  That means that for every $1 Canadians earn each year in disposable income they owe $1.64 in debt.  The question is…what...

Written by www.ConsumerProposals.com First, understand that a Trustee in Bankruptcy is likely to bring you a lot of relief from the stress that you’re going through when it’s apparent that you do have to declare bankruptcy. They...

Where bankruptcy is concerned, there is usually some sense of concern about the proceedings.  While it’s true that Bankruptcy is not a fun experience, it is there for a reason and, once people do get through the process,...

Finding the right Trustee to handle your bankruptcy proceedings is imperative. You need to look at several factors regarding the trustee to determine whether they are the right person for the job. Here are some things that you...

Your children are not responsible for your debts. Bankruptcy law does not extend to your children. Most of the time, when people are worried about student loans and bankruptcy, they’re wondering whether or not they are going to...

How Long Does it Take to File a Bankruptcy?  Can I Speed Up the Process? Filing for bankruptcy is different in each circumstance and the length of time it takes to file can be affected by many factors. When you contact a Trustee...

What’s the Difference Between Secured Debt & Unsecured Debt? Professionals working in the bankruptcy industry know there is a lot of jargon in the business. It’s easy to get caught up in all the different terms that...

Can I File Bankruptcy Online or Do I have to Come in Person? With today’s use of technology it seems that you can do virtually everything on the computer or over the telephone from applying for a mortgage, to ordering groceries...