The following assets are protected or exempt assets in Prince Edward Island. They are protected against the liquidation by creditors to satisfy unpaid debts: (unless a creditor holds a purchase money security...
What Are The Provincial Asset Exemptions in Nova Scotia?
Nova Scotia Asset Exemptions
The following assets are protected or exempt assets in Nova Scotia. They are protected against the liquidation by creditors to satisfy unpaid...
What Are The Provincial Asset Exemptions in New Brunswick?
The following assets are protected or exempt assets in New Brunswick. They are protected against the liquidation by creditors to satisfy unpaid debts: (unless a creditor holds a purchase money security...
What Are the Bankrupt’s Duties?
Have you wondered what are the Bankrupt's Duties? While in bankruptcy an individual has duties that they must comply with in order to obtain a discharge allowing them to be released from bankruptcy and their obligation...
How Do I File For bankruptcy?
Bankruptcy in Canada must be filed through a Licensed Insolvency Trustee who's role is to ensure both the debtor and creditors are treated evenly and fairly.
The main reasons for filing bankruptcy:
- It will eliminate most unsecured...
Who Qualifies for Bankruptcy?
Who Qualifies for Bankruptcy?
To qualify for bankruptcy you need to reside or carry on business in Canada and have liabilities of at least $1,000 or more above the total amount of your assets and;
- Be unable to meet their...
How Does a Consumer Proposal Work and What Are the stages?
- The most difficult part of a consumer proposal is making the initial call to discuss your options.
- Call to discuss your options. If a consumer proposal is right for you, we would help you formulate...
How do you file for a consumer proposal?
Contact Allan Marshall & Associates Inc for a free consultation to discuss your options, answer your questions and help formulate a reasonable offer to creditors.
Once an offer has been agreed upon, Allan Marshall & Associates Inc will...
What are the benefits of a consumer proposal?
The benefits of a consumer proposal are considerable and consumer proposals can be drafted to be as unique as an individual’s circumstances.
The following list identifies some of the benefits of a consumer proposal:
- Helps avoid...
What is a Consumer Proposal?
A Consumer proposal is an agreement between an individual and their creditors to do something (usually make a payment) in exchange for the creditors stopping interest, stopping collection action, phone calls, letters and forgiving any unpaid...