Personal Bankruptcy Blog

FAQ about Bankruptcy

A first time bankrupt, without surplus income, would be eligible to be discharged from bankruptcy nine months plus a day from the start of the bankruptcy.

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debt management

Debt Management: Read This First!

When you are struggling with debt, a helping hand can be a much-needed relief. But, be careful, not all help is good help. Debt management is a well-known debt relief strategy that helps debtors to repay what they owe, but

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separation can cause financial crisis

Separation Can Cause a Financial Crisis

In Canada, 41% of all marriages end in divorce before they reach their 30th anniversary. It is certainly an emotionally draining and devastating experience. However, few people realize that it can also wreak havoc on your financial stability. As a

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bankruptcy new brunswick

Considering Filing For Bankruptcy In New Brunswick?

If you’re experiencing financial struggles, you’re not alone. A recent Ipsos poll found that the average Canadian owes just over $85,000 in consumer debt, excluding their mortgage. And if you’re already having difficulty making ends meet every month, chances are

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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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