Debt Relief Experts
Should I File Personal Bankruptcy If My Business Closes?
Here is your guide to understanding what happens with unpaid debt if your business closes. Learn about restructuring debts, government debts, if you can still run your business, and more.
Business Debts
Can Business Debts Be Discharged in Personal Bankruptcy in Canada?
Doug Hoyes explains the difference between a business and personal bankruptcy and what business debts are eliminated by filing personal bankruptcy and which remain.
Top 5 Bankruptcy Issues for Small Business Owners
Approximately 1 in 10 insolvencies we file are for individuals who are self-employed or operating a small business at the time they declare bankruptcy. For anybody who is contemplating declaring bankruptcy, there are numerous potential issues... Read more »
Self-Employed and Considering a Consumer Proposal? 5 Things You Need to Know
Are you self-employed and struggling with debt? A consumer proposal may be a good option for you. It’s a legal debt relief process intended for individuals who can’t pay the full amount of their debts,... Read more »
From Employee to Consultant Leads to Personal Debts
Transitioning from employee to consultant isn’t easy no matter how you get there. Some make a conscious decision to start up a business on their own, others shift into the role of consultant after a... Read more »
Self-Employment and Illness Create Challenging Debt Problem
Many of us dream of having a challenging career, one where we are our own boss and enjoy what we do. Working for yourself can provide just those benefits, however, the potential rewards also come... Read more »
Self Employed: Dealing with Business Debts
As our economy in Canada has evolved so has the nature of most people’s employment. Downsizing and outsourcing has become more prevalent, stable jobs have become more scarce, and more people are becoming self employed. While... Read more »
Overcoming Business Tax Debts: Case Study
It’s not always common knowledge that personal bankruptcy or a consumer proposal can deal with tax debts that arise in the course of operating a small business. Here is one case study from our London... Read more »
Keeping Your Small Business Afloat While Dealing with Debt
Part of the reality of being a small business owner is that sometimes you’re stuck dealing with debt that can put your enterprise at risk. When the economy is shaky and people are tight with... Read more »
WSIB Debts, Clearance Numbers & Bankruptcy or Proposal
The Ontario Government made The Workplace Safety and Insurance Board (WSIB) coverage a mandatory requirement for most in the construction industry, including a self-employed contractor with no employees. This law requires these contractors to have... Read more »