January 16, 2025 The Office of the Superintendent of Bankruptcy (OSB) is continuing its efforts to help Canadians experiencing serious financial difficulties find the right debt solution. A multi-channel consumer advertising campaign is launching this week and will...
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Debt Restructuring Strategies For Small Businesses
Running a small business is challenging—especially when facing financial struggles. If your business is overwhelmed by debt, debt restructuring can help restore liquidity, or favourable cash flow. This article explores key strategies for small business owners to...
5 Reasons Why Bankruptcy Is A Financial Decision, Not A Moral Failure
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...
Winnipeg Licensed Insolvency Trustee Informs Canadians About CRA Debt Recovery
WINNIPEG, MANITOBA: C. Buhler & Associates Ltd., a licensed insolvency trustee firm serving Winnipeg, wants Canadians to know that the Canada Revenue Agency (CRA) has increased its debt recovery efforts. In May 2020, the CRA paused debt recovery in response...
How To Protect Your Assets During Bankruptcy
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...
Student Loans & Bankruptcy: What You Need To Know
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...
How To Pay Off Your Medical Bills
As Canadians, our healthcare is mostly covered by Provincial programs or, in certain cases, federal benefits such as the Canadian Dental Care Plan (CDCP) . However, not all medical procedures are covered services, resulting in certain medical bills that must be...
Does Divorce Affect Your Credit Score?
Divorce doesn’t directly affect your credit score. Creditors and credit monitoring agencies don’t take your marital status into account when calculating your credit score or when calculating how much credit you’ll be allotted. Despite this, many divorcees feel...
Winnipeg Insolvency Firm Warns Canadians About the Risks of Taking Loans From Payday Lenders
WINNIPEG, MANITOBA: C. Buhler and Associates Ltd., an insolvency firm serving Western Canada and the Territories, is warning Canadians about the risks of taking loans from payday lenders. To offer payday loans, a lender must be licensed in the province or territory...