While personal bankruptcy should be an option of last resort, our bankruptcy blog provides insight to help you choose if bankruptcy is the right solution. You will find information about personal bankruptcy in Ontario, how the bankruptcy process works and how filing bankruptcy affects you and your family.
Some lenders require their borrowers to sign a form called a “Voluntary Wage Assignment” which allows the borrower’s wages to be garnisheed if they do not repay the loan as agreed. Payday loan companies and... Read more »
Are RESP’s lost in a bankruptcy in Ontario? One of the consequences of filing bankruptcy is that unless an asset is exempt in a bankruptcy, you are required to surrender your assets to the trustee... Read more »
In most cases, no you will not have to attend at bankruptcy court if you file personal bankruptcy. The Bankruptcy and Insolvency Act enables a first or second time bankrupt to receive an automatic discharge... Read more »
Divorce is not easy, but it can be made more complex when credit cards with balances are involved, especially if one spouse is experiencing financial problems. I was recently asked this question: “I took over... Read more »
We are often presented with the following scenario: One spouse applied for a credit card, and when asked “would you like a card for your spouse?” answered yes, so they received two credit cards – a... Read more »