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
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
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
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
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 option is to sit down with a lawyer and clearly identify your financial landscape first.
Are you at a dead end with paying your debts? Are your creditors always on your neck with unending telephone calls and threatening emails?
If you’re feeling overwhelmed by financial commitments and aren’t sure how to formulate a plan to get it under control, credit counseling can be a great way to take back the reins and get on the path to financial freedom.
While there are many financial challenges that can cause an individual to experience emotional stress, bankruptcy is at the top of the list.
For those who have accumulated a high amount of debt over the years, it can be difficult to establish a plan on repaying the money that is owed.