Filing a consumer proposal can have significant advantages compared to filing personal bankruptcy when you are feeling overwhelmed with debt.
Category: Financial Literacy
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 Canadian Emergency Wage Subsidy (CEWS)
CEWS will enable employers to re-hire workers previously laid off, to help prevent further job losses, and to better position businesses to resume normal operations following the COVID-19 crisis.
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.
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.
Licensed Pros Provide Options for Student Loan Debt
By consulting a Licensed Insolvency Trustee (“LIT”), you can receive advice about all of your student loan repayment options, not only the options offered by the National Student Loan Service Centre or your financial institution.
What Happens to Student Loans in Bankruptcy?
If you have been a full- or part-time student in the seven years prior to your bankruptcy or consumer proposal, you will not be discharged from a student loan and payments will resume as soon as you are done.
A Little Extra Time for Self-Employed People to File
Even if you cannot pay your full balance owing on or before April 30, 2018, you can avoid the late-filing penalty by filing your return on time; by June 15, 2018.