News
Impact of Bankruptcy on Your Spouse – Things You Should Know
The initial goal of any person who is facing debt is usually to ensure that their family won’t face any trouble if they file for a bankruptcy, particularly their spouse. The question regarding the impact of a bankruptcy on the partner is also commonly asked by those...
6 orthodox solutions to deal with debt
People struggling with debts are usually under a lot of anxiety and stress from just thinking about how they will repay them. Well good news: there are more than a few options that might work for you. Each of these options will vary for each person with different...
Consumer Proposal Default and Revival
Understanding consumer proposals A consumer proposal is a formal, legally binding document. When filing for a consumer proposal, you will need the assistance of a Credit Counsellor or trustee who will help you develop a proposal that offers all your creditors a...
Consumer proposal and its impact on credit rating
Consumer proposal and its impact on credit rating Overwhelmed with debt and looking for relief? Wondering if bankruptcy is your only option? Well the good news is that it’s not. Individuals struggling with debt issues are often looking at consumer proposals as a...
Consumer Proposals: When are they Suitable?
Filing for bankruptcy may seem like your last resort but it is not always the best option. Consumer proposals conversely seem a more suitable alternative. In order to understand why it is a better alternative, continue reading to find out how consumer proposals apply...
Post-bankruptcy: Now what?
Going bankrupt is a shameful state to be in. Having to file for bankruptcy is a thing we all hope never to face in our lives. There are a number of repercussions to go through when you consider filing for a Bankruptcy. But it doesn’t mean that your life, career or...
Joint Consumer proposals: A blessing in Disguise?
While most consumer proposals are filed individually, it is also a possibility to file for a joint consumer proposal. When two people have nearly substantial debts they are eligible to file a joint consumer proposal, legally referred to as “commonality of debt”. Debts...
Consumer Proposal Benefits
An alternative for someone who is unable to pay his debts is full but can pay a small sum of it, Consumer proposal is his best option. It is a legally-binding agreement between the creditors and individual where one negotiates to pay a fixed percentage of money within...
Debt traps: The Hidden Expenses
Debt traps: The Hidden Expenses Business Dictionary defines debt trap as “An incentive structure that lures individuals into accepting long-term debt obligations under conditions that strongly favor the lender. Victims of debt traps are often prevented from...