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

If you are thinking about filing a consumer proposal to deal with your debt, it is natural to wonder how this decision could affect your spouse. A consumer proposal can be an effective way to regain financial stability and understanding how it might influence your household can help you feel more confident about your next steps. In this article, you will learn how a consumer proposal works, when a spouse may be involved and what actions can help protect your household finan

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...