Debt generates a lot of anxiety and tends to make the debtor’s life a real ordeal. Fortunately, some legal solutions can free you from your financial problems and give you a new balance. Consumer proposal and bankruptcy are two options regulated by the Government of Canada, both of which are designed to pay off your […]
If you default on your mortgage, you risk losing your home to foreclosure and falling further into debt. Depending on your financial situation, the stakes of mortgage foreclosure vary and bankruptcy may be one of the steps you can take to combat foreclosure. In order to make the best financial decisions for you, it is […]
Have you accumulated a lot of debt and no longer know where to turn? Are you on the verge of bankruptcy and can no longer manage your finances? Before declaring bankruptcy, consider all of the options available to you, including debt consolidation which could be the ideal solution. Consolidating your debts is getting a one-time […]
Your credit score may seem like a simple indicator to you, but it can have a huge impact on your finances. Most people don’t give enough importance to their credit scores. Yet having a good credit rating is essential to apply for a car, student or mortgage loan, as well as for renting an apartment […]
Have your debts become too difficult to manage? The Consumer Proposal is a debt relief solution available to certain people. It’s a negotiation where your Licensed Insolvency Trustee (LIT) comes to an agreement with your creditors regarding the conditions and monthly payments needed to repay your debts. Creditors can accept or decline the offer. If […]
The commitments of daily life and unexpected events can have negative impacts on your financial situation. When financial problems are not addressed on time, some people find themselves in a situation of over-indebtedness and do not know how to get out of it. There are different solutions (consumer proposal, debt consolidation, etc.) to eliminate your […]
Despite its negative connotation, corporate bankruptcy can be a solution for businesses that are struggling with debt. For companies that are no longer able to respect their financial obligations or that find themselves in a situation of over-indebtedness, commercial bankruptcy is a solution that helps you get rid of your debts and avoid any legal […]
Corporate bankruptcy is a legal process adopted under the Bankruptcy & Insolvency Act and consequently administered by a licensed insolvency trustee. When a business is unable to meet its financial obligations, applying for commercial bankruptcy will allow you to free yourself from creditors and start a new venture. […]
To answer this question, you will need to meet with one of our licensed insolvency trustees. Our trustee will oversee the legal process adopted under the Bankruptcy & Insolvency Act (BIA), while also managing the liquidation of your company’s assets for the creditors. […]