When you make an assignment into bankruptcy, you are required to make a surplus income payment. This is a contribution to your estate each month based on your monthly net take home income. Somewhat of a confusing term, as surplus income is based on your net take home...
First and foremost, you can expect to be treated with caring, understanding and compassion. We understand that life is unpredictable, and you will find no judgement at FreshstartBC. When you come to our office for a free consultation, we will sit down with you...
With the recent headlines of 46% of Canadians being less than $200 away from financial insolvency, we thought today we would write about consumer proposals. More specifically, just what is a consumer proposal? That answer is actually fairly simple. ...
The holidays are a wonderful time of year to spend time with friends and family, however they can still create a lot of stress when it comes to managing our money. There are holiday parties to attend, holiday gifts to purchase, holiday cards to send out, and our...
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...
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...
