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Bankruptcy often carries a stigma that can lead people to have feelings of dread, shame, and failure. Many individuals view it as a personal failure rather than a legitimate financial solution. And the truth is, a bankruptcy filing shouldn't be seen as a shameful...
Filing for bankruptcy is a last resort—Canadians should only file for bankruptcy if there is no other way to repay their creditors. Often, other approaches are preferable; consumer proposals, debt consolidation, and shrewd financial planning can all help you protect...
Canadians looking to fund their post-secondary education often rely on student loans. Most people see a student loan, even though a hefty sum, as an investment in their future. With rising tuition fees and all associated costs, students can land in overwhelming...
Are you feeling overwhelmed by debt and tired of being hounded by creditors night and day? Financial issues can be one of the most stressful problems in your life, but filing for bankruptcy might not be the best solution. It’s important to know that there are...
It may make sense to get creditor protection and file for bankruptcy when you have no other options available. It isn't the right move for everyone, but it could be right for you. What should you know about the pros and cons of bankruptcy in Canada? Here are a few...
The Government of Canada introduced the Canada Emergency Business Account (CEBA) during COVID-19. The CEBA program aimed to offer loans to small businesses and not-for-profits. These loans were available from over 220 financial institutions in the country. Eligible...
In Canada, consumer proposals and personal bankruptcy are two common debt relief solutions. Both options can ultimately help you to move forward debt-free, but which (if either) is the right choice given your particular situation and circumstances? Only a Licensed...
Filing for bankruptcy can be the best way of improving your financial health when facing insurmountable debts. Not everyone qualifies to file for bankruptcy in Canada, however. In this article, we’re going to look at the eligibility requirements for filing for...
Our licensed insolvency trustee (LIT) is here to help you. We offer free consultations, and our goal is to provide the best financial advice possible. When you’re not sure where to turn for financial advice, and you’re facing overwhelming debt, call an LIT. Below,...
