8 11, 2017

Dealing with debt – you choose how

By | November 8th, 2017|Insolvency|0 Comments

Your choices about how you want to deal with debt are first and foremost.  It's our job to ensure you are completely informed about your alternatives. We inform You might just want to chat about better budgeting of your income and expenses, or about the finer points of more complicated [...]

27 03, 2017

How Does a Consumer Proposal Settle Debt?

By | March 27th, 2017|Insolvency|0 Comments

  Consumer proposal (def’n): A contract established pursuant to Part 3, Division 2 of the Bankruptcy and Insolvency Act (the “BIA”) between a debtor and his creditors providing for the settlement of unsecured debts. Also known as a “CP”. What is it that Releases a Debtor From Their Debts? The [...]

22 03, 2017

Are Consumer Proposal Payment Calculators Reliable?

By | March 22nd, 2017|Insolvency|0 Comments

Is there a set amount you must pay in a consumer proposal? Alternative Facts I read in a newspaper that a consumer proposal requires you to pay 30% of your debts.  And not long ago, someone came into my office and asked me to prepare a consumer proposal to his [...]

21 03, 2017

Check Your Credit Reports After Bankruptcy

By | March 21st, 2017|Insolvency|0 Comments

(They might be messy) It is important your credit reports contain accurate information because they can be crucial when your ability to pay is being judged by a prospective lender or landlord. Even a small, apparently inconsequential debt can result in denial of future credit because of lender policies.  Regardless [...]

10 08, 2016

How to Obtain Relief From Student Loan Debts

By | August 10th, 2016|Insolvency|0 Comments

Here we explain how you can obtain relief from your student loan debts through the proposal and bankruptcy process. Basic stuff about student loan debts The websites of both National Student Loans Service Centre (NSLSC, Canada Student Loans) and BC Student Loan Service Bureau (BC Student Loans) explain that: you have a six [...]