by Doug | Jan 28, 2014 | Bankruptcy
Bankruptcy provides an individual, who is overwhelmed with debt, the opportunity for a fresh financial start. As part of the process, the individual is left with enough possessions to maintain their dignity and to assist them towards a fresh start. The property...
by Doug | Jan 21, 2014 | General
Typically when someone dies, their personal debt does not get passed on to surviving family members. Their debt belongs to them and them alone; it is not passed on to their family members when they die. Normally, the person would have made a will in which an Executor...
by Doug | Jan 14, 2014 | Consumer proposal - debt settlement
Given the current economic conditions, more people are turning to consumer proposals to settle their debts, rather than filing outright bankruptcy. As one of the leading Bankruptcy Trustees on Vancouver Island, we have helped many people through the consumer proposal...
by Doug | Jan 7, 2014 | Bankruptcy
The vast majority of Canadians who file for bankruptcy are honest but unfortunate debtors who will go to great lengths to pay off their debts. Some of these people have cashed in their RRSPs in a desperate, futile attempt to pay off their creditors. By the time they...
by Doug | Dec 10, 2013 | Bankruptcy
A consumer proposal or a bankruptcy is a formal process under the Bankruptcy and Insolvency Act that allows people to get discharged from their debts that they owe to creditors. Certain debts/obligations will survive the process and you will be still required to pay...
