Buying vs. Leasing a New Vehicle – Part One – 3 Important Points to Remember

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Figuring out how to pay for this expensive infrastructure is something most of us have to consider.

August 2018 – Personal Bankruptcy & Consumer Proposal Statistics

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Canada – Personal bankruptcies were down 6.4% and consumer proposal filings were up 7.0% as compared to the 12-months ended August 31, 2017. New Brunswick – Personal bankruptcies were down 16.2% and consumer proposal filings were up 18.2% as compared to the 12-months ended August 31, 2017.

July 2018 – Personal Bankruptcy & Consumer Proposal Statistics

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Canada – Personal bankruptcies were down 6.8% and consumer proposal filings were up 6.8% as compared to the 12-months ended July 31, 2017. New Brunswick – Personal bankruptcies were down 14.9% and consumer proposal filings were up 20% as compared to the 12-months ended July 31, 2017.

June 2018 – Personal Bankruptcy & Consumer Proposal Statistics

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June 2018 – Consumer credit issues continue to exist in Canada, although personal bankruptcy filings are continuing to fall the volume of consumer proposal filings are still increasing.

3 Questions Every Creditor Will Ask Themselves

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If one or more of these scenarios apply, you may need to offer your creditors more than normal in order to convince them to say “yes”.

May 2018 – Personal Bankruptcy & Consumer Proposal Statistics

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May 2018 – Consumer credit issues continue to exist in Canada, although personal bankruptcy filings are continuing to fall the volume of consumer proposal filings are still increasing.

What Happens To Life Insurance When I Declare Bankruptcy?

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In evaluating your assets in a bankruptcy situation the Licensed Insolvency Trustee is determining if there is any equity or value in the asset that is potentially available to your creditors, subject to any exemptions under Provincial or Federal legislation for that type of asset.

April 2018 – Personal Bankruptcy & Consumer Proposal Statistics

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April 2018 – Consumer credit issues continue to exist in Canada, although personal bankruptcy filings are continuing to fall the volume of consumer proposal filings are still increasing.

December 2017 – Personal Bankruptcy & Consumer Proposal Statistics

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December 2017 – Consumer credit issues continue to exist in Canada, although personal bankruptcy filings are continuing to fall the volume of consumer proposal filings are still increasing.

2017 Surplus Income Standards

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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.