Your questions - 2024
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.
Is your financial situation suffocating you? Are your debts weighing you down? Declaring personal bankruptcy may be the best decision for you. This process will allow you to reset the clock and start over on a sound footing.
A trustee has many different methods at their disposal when helping clients deal with debt. In this article, we will focus on one of the most interesting methods: a consumer proposal.