THE BLOG OF YOUR FIRM OF AUTHORIZED INSOLVENCY TRUSTEES (FORMERLY KNOWN AS BANKRUPTCY TRUSTEES SINCE THE 1950S)

When debts build up, couples worry about the impact on their home. Personal bankruptcy raises specific questions. Will your spouse have to pay your debts, will you lose assets, and will your credit be affected? The answer depends mainly on the nature of the debts and on ownership. In this article Bernier & Associates clarifies the rules, explains the possible impact on household finances, and suggests ways to limit it. What Does a Bankruptcy Change for a Couple? Filing for pe

Commercial bankruptcy  is a reality that many businesses must face, especially in difficult economic times. Debt management is crucial to...

Personal bankruptcy can often seem like a daunting and confusing process when you are struggling with debt. Understanding the ins and...

The phone rings again. You don’t even need to check the caller ID. It’s another debt collection agency hounding you over the same unpaid...

Insolvency is one of the most complex situations an individual can face. When a person is unable to settle their debts due to financial...

If you're dealing with debt, consolidation can be a smart way to get you out of trouble. However, in some cases, you may not be eligible...

Accruing debt is a normal part of adulthood. From mortgage and car loans to credit cards and emergency loans, not all debt is bad to...

Having your debts discharged is essential if you’re facing financial difficulties and want to regain stability. More precisely, it’s the...

Bankruptcy can be a financially tumultuous time. However, it’s important to know that it doesn’t mean you can never borrow money again....

Are you worried about your debt and wondering if it’s possible to speak with a bankruptcy trustee even if your situation isn’t dire?...

In Canada, both bailiffs and licensed insolvency trustees play important roles in the legal and financial landscape. However, their roles...

Are you considering filing a consumer proposal as a means to resolve your debt problems? A licensed insolvency trustee at Bernier &...

One of your loved ones passed away and you inherited or became liquidator to an insolvent estate, meaning that the debts exceed the...

Insolvency can affect anyone at any age, and retired people are no exception. In fact, the average amount of debt among retired people...

Did you make a consumer proposal to try and settle your debt but made late monthly payments three times, thereby resulting in it being...

Have you accumulated a significant amount of debt? Are you having trouble making your monthly payments? If so, debt consolidation could...

Did you recently file a consumer proposal, or are you considering doing so now? Are you wondering whether it’s possible to pay off the...

Running a business involves many risks and challenges. If your business is in a precarious financial position and restructuring won’t get...

High tuition fees, combined with financial obligations while you study and transition into work, can leave you burdened with significant...

Are you considering taking steps to eliminate some of your debt but are worried about how that might impact your spouse? At Bernier &...