This post is written by 4 Pillars’ managing partner and financial literacy expert Paul Murphy. Paul has 20+ years of experience in the banking and financial service industry. In a sea of sharks, who do you trust? In this post, I do a comprehensive tour of all of the debt options in Canada. It’s … Continue reading Debt options in Canada: Know the sharks, beat the game
A consumer proposal is an incredibly valuable tool for relieving your debts. You can have some of your debts forgiven without enduring the same financial repercussions as a bankruptcy. However, as many Canadians kickstart their own small businesses, it becomes harder to understand what debts qualify for a consumer proposal. Popular questions we get are … Continue reading Consumer Proposal for Business Owners: What You Should Know
How will a Bankruptcy or a Consumer Proposal affect your credit rating? If you are searching for answers to your debt problems, you may have looked into bankruptcy or a consumer proposal. You might know a little about what each of those options can do for you, but how do they impact your future credit … Continue reading How will a Bankruptcy or a Consumer Proposal affect your credit rating?
If your debts are too high for you to pay off, a consumer proposal may be a vital avenue to starting a debt-free life — however, many are cautious about starting a consumer proposal when their debts are co-signed. Can you start a consumer proposal if the debt is co-signed? Will the co-signer be forgiven … Continue reading Can I Start a Consumer Proposal If My Debt is Co-Signed?
Bankruptcy has serious consequences on an individual’s financial standing, which is why many Canadian debtors consider switching from bankruptcy to a consumer proposal instead. It is well known that a consumer proposal has less of an impact on your credit than bankruptcy, but is switching to a consumer proposal possible? In this article, we’ll explore … Continue reading Switching from Bankruptcy to Consumer Proposal in Canada
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