Bankruptcy or Consumer proposal – Which One is Right for Me? Understanding your options when faced with debt can be stressful and quite frankly, confusing. Although struggling with debt can be overwhelming, it’s important to know that there are solutions to help you get back on track. While you’ve likely heard of bankruptcy, another option … Continue reading Bankruptcy or Consumer proposal – Which One is Right for Me?
When debt becomes overwhelming and unmanageable, it’s important to know that there are solutions. Two options available to you are a consumer proposal and bankruptcy. It’s important to understand what these options mean and how they differ, in order to determine which is the correct path for you. 4 Pillars Debt Solutions of Muskoka & … Continue reading Bankruptcy or Consumer proposal – What’s the Difference?
When Should Someone Declare Bankruptcy? I am going to begin this by simply answering the question above and then explain the reasoning behind the answer: In my opinion someone should declare bankruptcy when they have a huge amount of debt $250,000+, low income and no assets of any significant value. This would be pretty much … Continue reading When Should Someone Declare Bankruptcy?
Think Bankruptcy is Free? Think Again! Bankruptcy! Yeah, I know what that is…you get rid of all your debts, you walk away, your creditors get zilch, and you’ll never get a credit card again as long as you live! Your brother in law has spoken! Case closed. Well, that is unless you’d actually like to … Continue reading Think Bankruptcy is Free? Think Again!
Credit Counsellor and Bankruptcy Trustees – What do they do and how can they help with debt? If you are finding yourself struggling with your finances, chances are you have looked into what options are out there for you and who you can ask in regards to help with your debt. You may have come … Continue reading Credit Counsellor and Bankruptcy Trustees – What do they do and how can they help with debt?