Consumer Proposal: How It Works
How does a Consumer Proposal work? If you have decided that you want to become debt free and build a better future for yourself, you need to start by meeting with a licensed insolvency trustee who will review your personal financial situation. Together we will determine what you can realistically afford to pay each month […]
Debt, Credit & Financial Consultants
Debt, Credit & Financial Consultants If I am in financial trouble, do I have to go see (and pay) a consultant before I speak with a Licensed Insolvency Trustee? You do not have to use a consultant of any kind before speaking with a trustee and considering filing an Assignment in Bankruptcy or a Consumer […]
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 […]
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 […]