How Much Debt Should I Have Before Filing a Consumer Proposal?

How Much Debt Should I Have Before Filing a Consumer Proposal?

In Canada there are a variety of different forms of debt relief to choose from, including consumer proposals, debt settlement, debt consolidation, debt management and bankruptcy. While each of these solutions helps to eliminate or deal with the burden of debt, they are intended for specific situations and therefore each… Read More


Will my Creditors Accept my Consumer Proposal?

Will my Creditors Accept my Consumer Proposal?

If you have already familiarized yourself with the general details of a consumer proposal, then you are likely aware of its benefits. A consumer proposal is an effective way of taking advantage of the positive side of bankruptcy while minimizing the negatives, such as the loss of assets. The key here… Read More


When is a Consumer Proposal the Right Choice?

When is a Consumer Proposal the Right Choice?

When your debt has become too much to handle deciding what the best option is for you and your family can be extremely difficult and stressful. There a countless debt relief options for you to choose from, each tailored towards a different type of debt. If you’re considering your… Read More


How to Avoid a Consumer Proposal Annulment

How to Avoid a Consumer Proposal Annulment

A consumer proposal is a type of debt relief. In Canada, a consumer proposal is a way out if you wish to ease the burden of your debt while not having to go as far as bankruptcy. This mode of debt relief facilities the settlement of your debts with… Read More


What Causes Bankruptcy?

What Causes Bankruptcy?

While bankruptcy can help you get out of a seriously bad financial situation, it isn’t cheap and it will ruin your credit for up to 7 years. These two consequences are the main reasons why the average Canadian wants to avoid filing for bankruptcy. And we don’t blame them,… Read More


Bankruptcy in Canada vs USA

Bankruptcy in Canada vs USA

Because we often read and watch new stories from our southern neighbours we’ll hear about individuals and businesses filing for Chapter 7 bankruptcy, Chapter 11 bankruptcy or Chapter 13 bankruptcy. This can be confusing as the terminology we use in Canada to describe our bankruptcy options is different from the… Read More


Avoiding Bankruptcy

Avoiding Bankruptcy

Credit is a serious necessity in today’s world, which means the majority of people have at least one form of credit, if not several. But with the influx of credit comes the influx of debt. Generally speaking credit creates debt and while some people are able to use their credit… Read More


Annual Consumer Insolvency Rates by Province 2013

Annual Consumer Insolvency Rates by Province 2013

You might be wondering why the consumer insolvency rates of each Canadian province are important for you to both know and understand. The short answer is that these rates are indicative of how the Canadian economy is working. And whether you know it or not, the Canadian economy directly affects… Read More


Understanding Consumer Proposals Video

Understanding Consumer Proposals Video

Hey everyone! Check out our latest video on consumer proposals. In our video we answer questions such as: What is a consumer proposal? How do consumer proposals work? What are the advantages and disadvantages of a consumer proposal? How do they affect your credit rating? And various more! Check it… Read More


Note:

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