Filing a consumer proposal can have significant advantages compared to filing personal bankruptcy when you are feeling overwhelmed with debt.
Category: Debt Help
Financial Deep Cleaning Series – Part 3
It is important to stay on top of your finances and keep a finger on the pulse of your household budget.
Financial Deep Cleaning Series – Part 2
Deep cleaning your financial rooms can save you a lot of money, significantly reduce your monthly “burn rate” and significantly reduce your stress.
Financial Deep Cleaning Series – Part 1
Part 1 – Get Rid of the Junk. “Individually, these small things likely don’t disrupt your day-to-day financial well-being.”
Covid-19: How will the Canada Emergency Response Benefit affect my Bankruptcy?
Support payments received as a result of COVID-19 measures are meant to be used by individuals and their families, not their creditors.
2020 Surplus Income Standards
The Government of Canada has set net monthly income thresholds for a person or family to maintain a minimal standard of living in Canada. Every dollar that a bankrupt family makes above this level is subject to a surplus income payment of 50% while a person remains bankrupt.
How to Access Needed Money: Canada’s COVID-19 Economic Response Plan for Consumers
These are stressful times but no one should feel alone with these challenges.
Helping families with high energy prices through the 2020 New Brunswick Home Energy Assistance Program
The New Brunswick government is offering a one-time benefit of $100 to help low-income families with their home energy bills.
2019 Surplus Income Standards
The Government of Canada has set net monthly income thresholds for a person or family to maintain a minimal standard of living in Canada. Every dollar that a bankrupt family makes above this level is subject to a surplus income payment of 50% while a person remains bankrupt.
Are your finances getting off track and out of control?
The earlier you identify warning signs of financial challenges and recognize the driving factors, the easier it will be to address those factors and get back on track.