If you’re currently considering filing for bankruptcy or a consumer proposal, that means you’re struggling with high debts that you can no longer repay. These two debt relief options are essential for ensuring your life isn’t ruined by going into debt. However, there’s one important consideration many clients have before officially filing for a bankruptcy...Continue reading
Studying in Canada is a dream for many international students. However, along with the excitement comes the challenge of managing finances in a new country. Some students find themselves in debt that feels unmanageable, especially since they don’t qualify for traditional post-secondary funding options. Bankruptcy is probably the most well-known form of debt relief in...Continue reading
Not making payments toward your debts can lead to serious consequences. The longer a debt goes unpaid, the more it grows as interest and late fees accumulate. You’ll also notice a gradual drop in your credit score as well. However, being unemployed can make managing these debts go from difficult to impossible. That’s why we’ve...Continue reading
International students have special considerations to keep in mind when holding debt within Canada. This article will answer all of the common questions asked to us by international students, and how to best recover from high debts before returning to your home country and/or beginning work. How International Students Get in Debt International students pay...Continue reading
All information provided in this article is sourced from publicly available materials and is intended for general educational purposes only. It does not constitute legal advice. 4 Pillars is a debt advocacy firm and is not a law firm. For legal advice specific to your situation, please consult a qualified lawyer in your jurisdiction. A...Continue reading
Are you struggling with unpaid debt in Kelowna, BC? Know that you aren’t alone! In 2023, Kelowna ranked number 6 in the list of Canadian cities with the highest consumer debt per capita with an average of $100k+ owed per person. There’s no question that debt is a prevalent issue among Kelowna residents. We know...Continue reading
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
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
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
What happens when you do a consumer proposal? How much can I save with a consumer proposal? What is the downside of a consumer proposal? What is consumer proposal process? Understanding the Consumer Proposals Consumer proposals are a valuable resource for individuals struggling with credit card debt. These services offer a way to save on credit...Continue reading
