The lack of awareness among people regarding bankruptcy and its process creates greater problems for them in the future. It is therefore essential that you know what you are getting yourself into before filing for it. There are also a number of myths attached to bankruptcy that most of us unconsciously believe. Below mentioned are […]
Declaring bankruptcy will free you from the unsecured debt, and give you a discharge, but it will remain on your credit history for up to 7 years, 1st bankruptcy. However, it does not mean you cannot improve your credit score during this time span. If you live in Canada, and are looking for ways to […]
Mixing love and money matters may seem unromantic but finances can have polarizing effects on the most committed of couples. Surveys reveal that money troubles are the leading cause of divorce. In 2014 a Harris/Decima poll found that, on average, more than four out of 10 marriages in Canada begin in debt of $21,500. […]
A Consumer Proposal and a Division 1 Proposal are two different types of proposals as stated in the Bankruptcy Insolvency Act (BIA). While both the proposals can be availed by Canadians, but there are some differences in the two which might give one precedence over the other. Consumer Proposal and Division 1 proposal: Before we […]
Dealing with debt can be a nerve-wracking situation for most people. When we find ourselves face to face with our debts we assume that bankruptcy may be the only option we have which could possibly save us. However, if you are a resident of Canada you just may be in luck because you have an […]
We often here experts on finance and banking coming up on various talk shows telling us about the various option we can avail if we are facing debt. Several books and articles too have been written on the same subject. It does get one wondering that if getting into debt is such a huge deal […]
