What is a Personally Guaranteed Loan? A personally guaranteed loan is a type of loan where an individual guarantees repayment, typically with their personal assets, even if the loan is taken out for a business.  This means that if the business defaults, the lender can go after the guarantor’s personal assets, like their home or...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

When a small business begins to fail, bankruptcy is often seen as the final option. But is bankruptcy the best option for your small business in Canada? Essential information about small business bankruptcy in Canada When a small business becomes buried in debt, bankruptcy is the most commonly known solution. But when it comes to...Continue reading