Articles
What does a Licensed Insolvency Trustee do?
A Licensed Insolvency Trustee is a debt professional, specifically licensed to handle bankruptcies and Consumer Proposals and to provide advice on debt options to all Canadians. How exactly do they...
How to Find a Licensed Insolvency Trustee in Canada
If you are in financial trouble and struggling to make meaningful payments on your debts, you might consider consulting with a Licensed Insolvency Trustee. A Licensed Insolvency Trustee can provide...
Pros and Cons of Filing Bankruptcy in Canada
Whether you're an individual or a business owner, one way or another, you will have some form of debt at a certain point in your life. However, when debt spirals out of control or you are no longer...
Why Do You Need To Change Bank Accounts after Filing a Consumer Proposal or a Bankruptcy?
After filing for Bankruptcy or a Consumer Proposal in Winnipeg, the Trustee will often recommend that you change bank accounts. Why is that? There are a few reasons, which we will outline below for...
Is all debt bad debt?
There are many different types of debt available to those looking for financial options. Not all debt is bad – debt can be used to finance acquisition of an asset, such as a car loan, or using a...
Will Bankruptcy affect my spouse?
If I file for Bankruptcy what will happen to my spouse? It is a common concern that we see, if someone files for bankruptcy in Winnipeg that it will negatively affect their spouse. You may be...
Financial difficulty during Covid-19
If you find yourself having financial difficulty during this stressful time of Covid 19, you're not alone. In fact the Bank of Canada has found that household debt has risen as a result of covid....
How to complete monthly forms
Completing your Monthly Income & Expense Reports The first step in completing your report is to gather evidence of your income and expenses. You will need all paystubs and any receipts you have...
Warning signs of Financial Difficulty
By Tanner McAuley When you think about your finances, what comes to mind? Does thinking about it bring on uncertainness and anxiety? Although having debt is normal, it can quickly turn into an...
Will My Business Survive?
Not sure if your business can keep going? Here’s some tips to consider Even before COVID-19, businesses faced many challenges. Interruptions in cash flow, customers who don’t pay on time, and...