Beaudin Groupe Conseil - Demystifying debt, credit
2024
Can you not tell my boss?

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.

Am I going to lose my retirement?

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.

Plan Your Vacation Without Financial Worries!

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.

Where will we live? Losing the house, really?

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.

What is non-dischargeable debt?

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.