2024
If there’s a time of year that generates the most expenses, it’s the Back-to-School season. A new school year means extra costs: new school supplies, sneakers, clothes, technological devices, and many other items that add to your regular budget. To ease the stress and financial pressures linked to the Back-to-School season, here are eight tips to help you save money.
Personal insolvency is a difficult financial situation that can have serious consequences. Recognizing the warning signs of insolvency can allow you to take preventive measures to avoid the worst. Here are the main signs to watch out for and some tips to improve your financial situation before it's too late.
Understanding Insolvency: What Does It Mean for You?Insolvency is a difficult and stressful financial situation that affects many individuals and businesses. Understanding what it means, the potential causes, and the available options can help you navigate this challenging period with more clarity and confidence.
If you quit smoking, how much do you get?
Seeking help with financial difficulties through bankruptcy or a consumer proposal is not a dishonourable act; in fact, it demonstrates a responsible approach to addressing financial challenges.
The cost associated with personal bankruptcy or a consumer proposal in Canada is determined by formulas set out in the Bankruptcy and Insolvency Act as well as the regulations attached to it.
When tax season comes around, the heavy burden of a tax debt can be overwhelming. However, it is possible to declare bankruptcy or make a proposal to get rid of it. The details of the process will be tailored to your personal or business situation.
When you file for bankruptcy or make a proposal, an automatic stay of proceedings serves to stop wage garnishments, collection activities, and legal proceedings.
Declaring bankruptcy can have a significant impact on a person's ability to obtain credit. After declaring bankruptcy, most lenders will view the individual as a higher risk and be less willing to extend credit or offer favorable terms.
Ignoring financial difficulties poses significant operational risks to any military leader, including commissioned and flag officers in the Canadian Armed Forces. Financial stress can impair decision-making, affect concentration, and impact overall job performance.
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.