Bankruptcy Discharge

Debt Crisis: Are you Overwhelmed?

Debt Crisis: Are you Overwhelmed? The average Canadian owes more than $1.60 for every $1.00 of after-tax take home income. No wonder, we are all feeling stressed. A major cause of this is the high cost of living in major cities like Toronto or Vancouver in relation to other parts of Canada. If you are […]

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Surplus Income and Bankruptcy Discharge

Surplus Income and Bankruptcy Discharge When you file for Bankruptcy, you keep a sufficient amount of your income to live a “normal life”. The trouble is that the definition of a “normal life” is based on a cross-Canada average calculated by the Office of Superintendent in Bankruptcy. It starts with your net (after tax) take-home […]

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Bankruptcy and Faith

God put us on the earth for a limited amount of time. Why then do we need to sleep for about 8 hours each day? We could be producing something of value for 24 hours each day. We have all heard the phrase “I am having a bad day” which really means “leave me alone.” […]

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Can I buy a car while I am Bankrupt?


Can I Buy a Car While I am Bankrupt? There is nothing that prevents you from buying a car while you are bankrupt in Ontario. If you are financing the purchase of a car, you must disclose that you are an undischarged bankrupt. This is the period between the date you filed the assignment in […]

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