Filing bankruptcy requires you to complete certain bankruptcy forms including a statement of affairs and income and expense report. We explain these forms starting with your initial assessment and how a Licensed Insolvency Trustee helps you complete them.
Category: Bankruptcy Process
When facing debt problems in Canada, knowing which professional to turn to is crucial for getting the right help. Learn the key differences between a Licensed Insolvency Trustee and bankruptcy lawyer, and discover when you need each one.
Category: Bankruptcy Basics
Discover how long a consumer proposal in Canada typically lasts, from filing to completion. Learn about key milestones and factors affecting the timeline of your debt relief journey.
Category: Consumer Proposals
A consumer proposal is an affordable way to eliminate overwhelming debt. Any fees are included as part of the proposal process. Doug Hoyes explains the costs of a consumer proposal and how payments are calculated to fit your budget.
Category: Consumer Proposals
Your bank may be your biggest creditor in a consumer proposal. In this post, Doug Hoyes discusses what banks look for when reviewing proposals and Hoyes Michalos' process for ensuring consumer proposals are accepted by creditors.
Category: Consumer Proposals
A Consumer Proposal Administrator is someone who can file for a consumer proposal. In fact, they are the only authorized debt expert in Canada who can. Learn about their role and how to find one in this blog.
Category: Consumer Proposals
Consumer proposals and bankruptcy can now be filed entirely online. Learn how trustees are using video calls and digital signing to help Canadians overwhelmed with debt.
Category: Bankruptcy Process
Are you considering filing for a consumer proposal and are curious about what makes the contract legal? We’ll show you what makes a proposal legally binding and what say your creditors have in the process.
Category: Consumer Proposals
Learn about how a proposal deals with your unsecured creditors, whether you can hold back debts and how it may impact secured creditors like your mortgage or car loan.
Category: Consumer Proposals
It is mandatory to file insolvency through a Licensed Insolvency Trustee in Canada. Find out all the information you’ll need to provide for them, as well as the documents required to file bankruptcy.
Category: Bankruptcy Process
If you are considering a consumer proposal to help eliminate your debts, you want your creditors to accept the terms of the proposal. In general, consumer proposals have a 99% acceptance rate.
Category: Consumer Proposals
If you are considering filing for bankruptcy, you should be knowledgeable on the entire process. Here is our comprehensive guide on the steps to file bankruptcy in Canada.
Category: Bankruptcy Process
