Why “Bankruptcy Trustees” No Longer Exist in Canada

Why “Bankruptcy Trustees” No Longer Exist In Canada

It used to be that the individuals authorized to administer bankruptcies in Canada were called “Trustee in bankruptcy” or “bankruptcy trustees.” But this designation was recently changed by the federal government to Licensed Insolvency Trustees (LITs). Why the change? Let’s

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money stress

Living Beyond Your Means

Living within your means = meaningful living. In today’s age of consumerism it is arguably easy to live beyond your means. Every time you turn around you face some type of advertising message telling you that you can have more,

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paycheck never lasts

My Paycheck Never Lasts

If you find yourself saying, ‘my paycheck never lasts’, you are not alone. We seem to be living in a world where our paychecks remain unchanged over longer periods of time while the cost of fuel, groceries, and utilities are

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The Power of Your Credit Score

The Power of Your Credit Score

Understand the Power of Your Credit Score It seems that we are being bombarded everywhere we turn these days with advertising suggesting that we should know our Credit Score.  But what exactly is a Credit Score?  In Canada, Credit scores

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divorce debt

How Does Divorce Affect Bankruptcy?

If you separating from a spouse, you will now possibly be on your own for bill payments.   Try to cut back on spending, as you may now be down to one income (if your spouse was contributing) Open a

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student loans student

Student Loans in Bankruptcy

Individuals across the Maritimes contact Allan Marshall & Associates Inc to inquire about student loan debts and often we are asked similar questions. Some of the common questions are answered below. Does bankruptcy help with student loans? Yes, bankruptcy can help

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credit card

How Long Will It Take to Get My Credit Back?

How long will it take to re-establish credit after bankruptcy? The ability to re-establish credit will depend on a number of factors. Many of which have nothing to do with having filed for bankruptcy. Some of the items considered with

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