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 you with a summary of your options, including debt consolidation and...
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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 able to meet your financial obligations, it can quickly turn into a...
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 you. Why do I need to change bank accounts after I’ve filed a Consumer...
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 mortgage to purchase a home. Personal loans are becoming a popular way...
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 that it will negatively affect their spouse. You may be worried that they will be forced into bankruptcy as well. You may worry that your...
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