Personal Bankruptcy Blog
Laid Off in Alberta

Declaring Bankruptcy After Getting Laid Off in Alberta

If you have recently lost your job and you’re struggling with how to pay off your debts, you may be considering Bankruptcy. Before you make a decision, it’s important to discuss your options with a Licensed Insolvency Trustee in Alberta. Take a step towards financial wellbeing with the help of Allan Marshall & Associates today.

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How to Find Your Debt to Income Ratio

How to Find Your Debt to Income Ratio (The Easy Way!)

How do you find your debt to income ratio? It’s a simple calculation. It’s also an important number. In addition to your credit score, lenders use it and you should, too. If your debt to income ratio is low, under 36 percent according to experts, that’s good. If you pay your bills on time, you should receive the most favorable credit terms. It tells lenders that you are using credit responsibly and that you will be able to pay them back.

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what it means to be insolvent

What Does It Mean to Be Insolvent?

Whether you are Insolvent or not, does not depend on whether you haven’t missed any payments. It’s a legal definition out of the Bankruptcy and Insolvency Act. The same Canadian law that gives Licensed Insolvency Trustees, and ONLY Licensed Insolvency Trustees, the know-how and means to give you the best advice on how to deal with your financial situation. Don’t accept any substitutes!

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