Filing for bankruptcy is a tough decision, but it does not have to mean losing everything, including your car. For many, a vehicle is essential for daily life, whether for commuting to work, running errands, or ensuring that family members get where they need to go. In Alberta, you can typically keep your car during […]
Many Albertans face financial hardships, and filing for bankruptcy can seem like a tempting solution. Understanding Alberta’s bankruptcy laws and the potential pros and cons involved can help you understand the process and determine whether it might be the right path for you. Bankruptcy is a legal process designed to offer relief to individuals who […]
Dealing with overwhelming financial responsibilities can be a significant cause of stress and hardship. When you have significant debt and do not know where to turn, you may have considered bankruptcy. This is the legal proceeding where most, or all, of a person’s debts are dissolved with the help of a Licensed Insolvency Trustee, allowing […]
Reducing or getting out of debt altogether can be a difficult decision. Sometimes, it can feel like overcoming decision making inertia. Many people assume they must declare bankruptcy if their debt is too difficult to manage. However, bankruptcy is not your only option for relieving debt. A consumer proposal may be the right solution for […]
Many people are under the impression that bankruptcy ruins their future chances of getting a mortgage. While bankruptcy can certainly set plans back and requires that you work with a Licensed Insolvency Trustee (LIT), it can also provide a viable solution to your current debt problem. After you are discharged from bankruptcy, you may be […]
Filing for bankruptcy is a serious decision that can affect your financial future. Wiping out your approved debts and beginning again with a blank slate may be the key to starting over with your credit. Bankruptcy is not a decision you should make on your own. Licensed insolvency trustees are invaluable resources to help you […]
Sometimes it is necessary to file for bankruptcy so knowing what to expect from the process can help make the situation much more manageable. It’s also important to note that bankruptcy isn’t the end of your financial well-being. In fact, it will probably help improve your financial security in the short run. So, let’s take […]
Not being able to cover all of your debt payments is undoubtedly stressful. In these moments it’s important to understand that you have options to help you regain control of your finances. One of these options could be declaring bankruptcy. Bankruptcy, conducted by a Licensed Insolvency Trustee, is the process of corralling your creditors and […]
If you’re in need of cash fast, you may take out a payday loan. These high interest, short-term loans could help address emergency costs like property damage, but they are hardly ever worth taking out unless you are absolutely certain you can pay them off by their first due date. But life happens, and you […]
Whether you move in as a couple or get married, your financial situation can change in several ways. Still, managing your debt should be your first priority. But if you struggle with managing your debts, will the consequences you face also affect your loved one? If you need to file for bankruptcy, will your partner […]
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