In general, Canadian Insolvency legislation does not require that the licensed insolvency trustee disclose information about a bankruptcy to an employer of a person who filed for bankruptcy.
In Canada, when you declare bankruptcy, your investments and retirement plans can be affected in various ways depending on the type of investments and the retirement plan in question. Provincial laws may also have an impact.
A child or spousal support debt can be a huge burden, especially if arrears have accumulated over a long period of time.
In Quebec, a person who owns tools necessary for their work can keep them despite filing for bankruptcy.
Being able to get around is important, and sometimes public transit is not a viable option.
Travelers from Québec, as your next vacation approaches, it's critical to discuss an often overlooked yet vital aspect of your preparations: travel insurance. In this unpredictable world, an unforeseen incident can not only disrupt your plans but also lead to serious financial repercussions. Hence, the significance of travel insurance, particularly health insurance, cannot be overstated.
Let's break a myth! Filing for bankruptcy doesn't automatically mean "losing your home." The decision to keep or not to keep your house depends on several factors, including the home's value, the remaining balance on the mortgage, the costs associated with a potential sale, and if you can and are willing to retain ownership.
Explaining financial responsibility to your teen is not only necessary, it is a glaring lack of our education system. Here we outline the points that group the process that can lead to personal bankruptcy.
You just hate the end of the month? You’re continually juggling your budget? Your debts are piling up and you see no way out? It’s time to see a licensed insolvency trustee. We are there to help you get rid of your debts and better manage your budget.
It’s often said that filing for bankruptcy or submitting a proposal to your creditors resets the clock. While that is true, there are some debts may survive the process. These debts are called “non-dischargeable debt,” and are defined by Canada’s insolvency laws. Keep reading to learn what constitutes non-dischargeable debt.