Article Summary Understanding Consumer Proposals Who Can File a Consumer Proposal? Eligibility Criteria for Filing a Consumer Proposal Considerations for Acceptance Steps to File a Consumer Proposal Real-World Case Studies for a Consumer Proposal Get Debt-Free with Campbell Saunders In today’s economic landscape, many Canadians find themselves grappling with financial challenges. For individuals seeking […]
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Understanding Surplus Income in Canadian Bankruptcy: What You Need to Know
If you are contemplating filing for personal bankruptcy in Canada, understanding the concept of surplus income is crucial. Surplus income determines the duration of your bankruptcy and the amount you must contribute to the bankruptcy estate. In this blog post, we will delve into what surplus income is, how it’s calculated, its impact on bankruptcy […]
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Navigating Bankruptcy in British Columbia: Understanding How Different Assets Are Treated
The bankruptcy process in Canada is regulated by federal legislation, the Bankruptcy and Insolvency Act. Provincial laws determine which assets are exempt from seizure by creditors. In British Columbia, it’s the Court Order Enforcement Act that we need to refer to. Some assets are protected as exempt from seizure by creditors, and this carries over […]
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Comparing Debt Solutions in Canada: Bankruptcy, Consumer Proposal, and Debt Consolidation
Article Summary What Is Bankruptcy? What Is a Consumer Proposal? What Is Debt Consolidation? Differences Between Consumer Proposal and Bankruptcy Types of Debt Handled by Each Solution Impact on Credit Score and Credit Report Long-Term Financial Planning and Legal Protections Which Option Is Best for You? Frequently Asked Questions When faced with overwhelming debt, it’s […]
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How a Consumer Proposal Helped a Retiree Decrease Debt by 66% After The Loss of a Partner
Dealing with the loss of a loved one and facing financial challenges can be incredibly overwhelming and incredibly hard. Here’s a real-life example of how we assisted a BC resident in reducing their debt by 66% through a consumer proposal after the loss of her husband. The Situation We began working with a 59-year-old widowed […]
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How a Consumer Proposal Decreased a BC Resident’s Debt by 73%
Sometimes life can throw you a curveball, shifting you from financial security to feeling overwhelmed by debt. Let’s look at a real-world example of how we helped a local BC resident reduce their debt by 73% using a consumer proposal. The Situation We began working with a 32-year-old single resident of British Columbia who worked […]
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Debt Repayment Calculator
Going through a hard financial challenge can get overwhelming, especially when it comes to large amounts of debt. We believe you can get through any financial challenge with the right planning and support. With over four decades of experience, we are dedicated to supporting individuals and small businesses in making well-informed financial decisions. This article […]
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How to Understand, Improve, and Maintain Your Credit Score in Canada
Article Summary: What is a Credit Score? How do I Find my Credit Score? How is a Credit Score Calculated in Canada? Why Your Credit Score Matters Tips to Improve Your Credit Score How to Maintain a Good Credit Score The Impact of Credit Inquiries How Does Bankruptcy Affect Your Credit Score? How Does a […]
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Tips to Budget While Paying off Debt
At Campbell Saunders, we understand that managing debt can be overwhelming, but we believe that achieving financial freedom is within your reach. Budgeting is a critical tool in this journey, especially for those dealing with debt. In this blog post, we’ll provide practical, real-world tips to help you budget effectively while paying off debt, setting […]
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Understanding Your Relationship with Money: A Guide for Canadians
Money plays a significant role in our lives, influencing our decisions, aspirations, and even our emotional well-being. Yet, the way we perceive and handle money varies greatly from person to person. Understanding your relationship with money is crucial for financial stability and success. As a Licensed Insolvency Trustee, we recognize the importance of this understanding […]
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