One common concern when it comes to addressing debts through an insolvency is the effect that a bankruptcy or a consumer proposal will have on an individual’s credit score. The effect of an insolvency on a credit score is significant; however, with a little...
Does Debt get split during Divorce? Divorce debt is one of the major leading causes for financial strain and can leave many people crippled financially. There are many reasons why divorce can bring financial strain. The most obvious is that you are going from a...
There are plenty of Canadian’s having issues with their budget this month, as we all deal with this nearly unprecedented situation. This can be a stressful time, both emotionally and financially, as it wears on a person when they aren’t sure how they can...
Life can be unpredictable, and we can all end up in a spot we never planned on being. If you have found yourself struggling financially, and are unable to get out of the cycle of debt, you may be interested in filing a consumer proposal. A consumer proposal is a...
We may have just celebrated the new year, but that doesn’t mean it is too early to start worrying about our income taxes. Our income taxes are something that most Canadians don’t necessarily look forward to, but with the knowledge of what tax...
We all have to do our taxes. It’s something we do every year, and some of us enjoy this experience more than others. How does income tax work in a bankruptcy though? If you file an assignment into bankruptcy, you will notice there is a slightly different way...
