Personal Bankruptcy Blog
PEI provincial asset exemptions

What Are the PEI Provincial Asset Exemptions?

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 interest) Prince Edward Island Provincial Exemptions: Furniture, household

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Provincial Asset Exemptions in New Brunswick

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 interest) New Brunswick Provincial Asset Exemptions: Furniture, household furnishings

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bankrupt's duties

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 to repay debt. Allan

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who qualifies for bankruptcy

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

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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 prepare the

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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 bankruptcy Stops interest on

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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 debts. Consumer proposals are

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Learn about Bankruptcy

Bankruptcy is a legal process, designed for the honest for unfortunate debtor.  It is designed to assist an individual out of debt so that they may have a fresh financial start.   When you file for or declare personal bankruptcy,

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