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Bankruptcy

What are the Duties of a Licensed Insolvency Trustee and Why do You Need One?

Tweet Both bankruptcy and a consumer proposal are legally binding actions and must therefore be filed exclusively by a licensed insolvency trustee. They are not quite technically hired by the

Bankruptcy

A Consumer Proposal as a Means of Curbing Bankruptcy

Tweet What Is A Consumer Proposal? This agreement organizes for partial settlement of the entire unsecured debt owing. Filing for a consumer proposal automatically signs you up for paying part

Bankruptcy

What You can do to Avoid Medical Bankruptcy: Last Resorts

Tweet Of the people who stated medical bills as the cause of their bankruptcy, 78% of them had some form of health insurance already. Their health insurance was clearly insufficient

Bankruptcy

What You May Want To Consider Before Filing for Bankruptcy

Tweet In the recent times, it’s not shocking to see a renowned celebrity or public figure declaring he is bankrupt. Whenever there’s the talk of bankruptcy, debtors see it as

Bankruptcy

Filing Bankruptcy: Do’s And Don’ts From an Expert

Tweet Some of the actions they contemplate, if they did carry through with them, would result in disastrous outcomes for their bankruptcy. What follows are five quick Do’s and Don’ts

Bankruptcy

The Emotional State of Business Bankruptcy

Tweet Filing for bankruptcy can be an emotionally turbulent time in a business owner’s life. Long-standing businesses in particular tend to be of high emotional value to their founders in

Bankruptcy

5 Things You Need to Know Before You File Bankruptcy

Tweet Millions of Americans find themselves deep in debt with no end in sight. You are way behind on paying your bills, and creditors harass you at all times of

Bankruptcy

Should I consider Debt Settlement?

Tweet If you’re struggling to meet your monthly loan payments or find yourself taking up more debt to pay your bills, there is a good chance that you’re already considering

Bankruptcy

Drowning In Debt? When Bankruptcy Can Actually Be The Best Solution

Tweet If debt has become an overwhelming source of stress in your life, bankruptcy may seem like the only option. The only way to know if bankruptcy is your best

Bankruptcy Debt Management

4 Useful Tips on How to Avoid Bankruptcy

Tweet Bankruptcy filing is a tool used by individuals and organizations to take control of their debt. This can be done by either discharging or restructuring the debt, or making

Bankruptcy

Implications of Declaring Bankruptcy to Clear Debts

Tweet Are you at a dead end with paying your debts? Are your creditors always on your neck with unending telephone calls and threatening emails? Maybe then it’s time to

Bankruptcy

Bankruptcy Blues: 5 Ways to Cope with the Emotional Stress of Bankruptcy

Tweet While there are many financial challenges that can cause an individual to experience emotional stress, bankruptcy is at the top of the list. However, it’s important to note that