The Loans Canada Blog

What Happens When You Can’t Afford Your Consumer Proposal?

What Happens When You Can’t Afford Your Consumer Proposal?

If you’ve been having a tough time handling all of your debt payments, you may have already sought out a way to alleviate your debt. One popular program that Canadians opt for when it comes to helping them manage their mounting debt is a consumer… Read More


Bankruptcy 101: Winnings, Gifts, and Inheritance

Bankruptcy 101: Winnings, Gifts, and Inheritance

Bankruptcy is one of the preferred methods for getting out of debt or financially related problems. But, of course, there are some catches. As you are probably aware, a bankruptcy will often cost you almost everything that you own, barring a couple of exceptions, depending… Read More


Is Bankruptcy The Right Option For Tax Debt?

Is Bankruptcy The Right Option For Tax Debt?

Bankruptcy is a very drastic solution to the problems of your debts, but one that is necessary for many people. When you cannot deal with your debts on your own anymore, it can be a good idea to seek out some help. While there are… Read More


What Will Happen to My Leased Car if I File for Bankruptcy?

What Will Happen to My Leased Car if I File for Bankruptcy?

Knowing all the correct terms and rules surrounding bankruptcies and consumer proposals can be a tedious process. You need to know what is exempt, what you will lose, how much it will affect your credit and for how long, and so much more. For example, what will happen… Read More


How is Secured Debt Treated During Bankruptcy?

How is Secured Debt Treated During Bankruptcy?

Not all debts are created equal. Some debt is secured while others are unsecured. This matters when it comes to bankruptcy, as each will be treated in their own unique way under the Bankruptcy Insolvency Act (BIA). Bankruptcy provides consumers who are… Read More


Is Bankruptcy The Answer to Student Loan Debt

Is Bankruptcy The Answer to Student Loan Debt

Student debt is becoming an increasingly concerning issue in Canada. With tuition fees skyrocketing over the past few years, students have had to take out larger debt loads in order to pay for their education. The problem is, it can take years, even decades to pay off all… Read More


What Happens to My Debt if I File a Consumer Proposal?

What Happens to My Debt if I File a Consumer Proposal?

Some people can handle their debts on their own. However, others struggle to stay afloat. Whether their debts are too high, their income is too low, or a variety of other factors, some people need assistance when it comes to tackling their debts. While budgeting… Read More


Is Filing For Bankruptcy in Quebec Different?

Is Filing For Bankruptcy in Quebec Different?

Across the country, filing for bankruptcy is a common method for those who are unable to get out of their debt problems on their own. While the bankruptcy rules and regulations are similar in most places, there is one province where they are a little bit different;… Read More


The Cost of Filing For Bankruptcy a Second Time in Canada

The Cost of Filing For Bankruptcy a Second Time in Canada

When you are in a dire financial situation, sometimes there is no other choice but to file for bankruptcy. Bankruptcy is meant to give you a fresh start and teach you a lesson about financial literacy to ensure you are better with finances going forward. Read More


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