How Long is Personal Bankruptcy in Canada?

November 28, 2011

There is a lot of misinformation out there about personal bankruptcy, perhaps related to this question more than any other. The reason for the confusion is that there have been significant changes to the bankruptcy system in the last couple years. These changes mean that the answer could be very different for different people depending [...]

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What’s Better – Consumer Proposal or Personal Bankruptcy?

November 24, 2011

Do you owe money on credit cards? How about a line of credit, income taxes or payday loans? If you have more debt than you can handle, no doubt you are looking for answers about how to deal with your debts. For people who are simply unable to pay back all of their debts, the [...]

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What is Surplus Income in Personal Bankruptcy?

November 22, 2011

When I talk to people about the potential costs of personal bankruptcy, they often laugh when I mention surplus income. Surplus? Not me, I’ve got nothing left over at the end of the month. That’s not exactly how it works. The government sets monthly income limits based on the size of your family. You can [...]

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How to File for Bankruptcy in Kitchener-Waterloo

November 9, 2011

I spend a lot of time talking to people about their money problems. Often times, the conversation starts with a comment like, “I’m looking for information about how to claim bankruptcy.” We all like lists. Here is a concise list of the 10 key steps in filing for bankruptcy. I’m going to comment on just [...]

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Halloween Horror Story – Watch Your Money Vanish In to Debt Consultant’s Pocket

October 26, 2011

Imagine a 10 year old child wrapped in a blanket in his bedroom with his closest friend by his side. The only light is from the small flashlight illuminating his face. They’ve been taking turns telling tall tales to scare each other. There have been stories of vampires, werewolves and countless other mythical creatures. But [...]

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