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Duties of a Bankrupt
When considering making an assignment in bankruptcy it is important to understand the duties that you may be required to perform in accordance with Canada's Bankruptcy and Insolvency Act. These duties include: o   Delivering all non-exempt property to the Trustee o  ...
Bankruptcy and Bondability
Author : stevewelker
27.10.2014
What does it mean to be "Bonded"? If a bonded employee steals money from its company, then the company's insurer will reimburse the company for its l...
Consumer Proposals: How Much Do I Need To Offer?
22.10.2014
"How much?".  It's one of the most important questions that people want answered when considering a consumer proposal. Unfortunately, there is no "on...
How do Trustees get Paid?
21.10.2014
How do Trustees get Paid? This is a common question that Licensed Insolvency Trustee's receive from friends, family, fellow professionals, and client...
Consumer Proposals and the CRA
20.10.2014
Consumer Proposals and the CRA You may be able to settle your tax debt with the Canada Revenue Agency ("CRA") by filing a Consumer Proposal; However ...
Car Loan After Bankruptcy
17.10.2014
Many people considering bankruptcy wonder if they'll be able to get a car loan after bankruptcy.  After-all, many people need a car just to get to wor...
Why File Consumer Proposal
16.10.2014
Why File Consumer Proposals? People choose to file consumer proposals for different reasons.  The most common are: To Stop Garnishments Consumer pr...
RRSPs and Bankruptcy or Proposals
15.10.2014
RRSPs Did you know that when declaring bankruptcy in Ontario that RRSP contributions made more than 12 months ago are exempt from seizure?  That's ri...
Bankruptcy And Your Partner
14.10.2014
Whether you have a husband, wife, partner, spouse, girlfriend, or boyfriend, we always recommend sharing your financial situation and facing it togeth...