Are you worried about filing for a consumer proposal, and it not being accepted by all of your creditors? Find out how creditors vote on your proposal and what you can do if it gets rejected.
Category: Consumer Proposals
Two credit counselling sessions are mandatory if you decide to file for insolvency. Doug Hoyes explains why they are a required duty of you and what you will learn in these sessions.
Category: Bankruptcy Basics
A consumer proposal offers a structured way to deal with debt. This overview explains who qualifies, how the filing process works, and provides a practical example of what a consumer proposal looks like in action.
Category: Consumer Proposals
A consumer proposal is a debt settlement plan. But what if you change your mind after filing? How do you withdraw a proposal and what does a cancelled proposal mean for your debts and credit report? Maureen Parent explains in this post.
Category: Consumer Proposals
Let's say you're in the middle of a consumer proposal plan and your financial situation changes, like you gain an inheritance, win the lottery, or get a big bonus from work, or if you become unemployed - what's the impact on your proposal? Maureen Parent explains in this post.
Category: Consumer Proposals
Yes, the courts are involved in a consumer proposal - but only to an extent. In this post, we explain how exactly the courts are involved in a proposal, what a court approval means and whether you will have to go to court.
Category: Consumer Proposals
If you fall behind on proposal payments and the proposal becomes annulled, what are your options? We explain what a proposal annulment means for your debts, how to revive your proposal, and how to prevent a proposal annulment in the first place.
Category: Consumer Proposals
Have you heard of an examination of bankrupt? If you are thinking of filing for bankruptcy you may be subjected to this legal proceeding. Find out everything you need to know and why there is usually nothing to be concerned about.
Category: Bankruptcy Process
Are you stressed about having to meet with your creditors if you file for a consumer proposal? We explain when and what can happen if a meeting of creditors is called and how voting works if a meeting is required.
Category: Consumer Proposals
A creditor’s meeting in a bankruptcy is rare, but it is still important to know what they entail if it happens to you. This blog offers an easy-to-understand explanation of typical creditor’s meetings.
Category: Bankruptcy Process
How your creditors vote is one of the most common concerns clients have in a consumer proposal. We explain, in simple terms, how voting works in a proposal and when a consumer proposal is approved.
Category: Consumer Proposals
Bankruptcy itself does not have any travel restrictions. Find out when you may need to be in Canada to fulfil your duties as required to ensure you achieve your discharge.
Category: Bankruptcy Basics
Have you recently filed for bankruptcy, and are curious about the process of bankruptcy court? Learn about what you can expect in this proceeding, and everything you can do to properly prepare yourself.
Category: Bankruptcy Process
Are you thinking about filing for bankruptcy and want to know more about what this form of debt relief requires from you? Learn about the duties you are responsible for in order to clear your debts.
Category: Bankruptcy Basics
Bankruptcy is a legal process and in rare situations you may need to attend bankruptcy court. Find out when this can happen and what you should do if this is a requirement before your discharge.
Category: Bankruptcy Process
