You’ve had your first debt consultation, and now you’re left wondering what’s next? That meeting may have felt like a whirlwind of information, but this is where the real clarity begins. In this article, we’ll walk through exactly what happens after your consultation, so you can feel confident about the steps ahead. From stopping creditor […]
Read MoreQualifying for a Consumer Proposal
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
Consumer Proposal in BC Explained: Costs, Process, and a 73% Debt Reduction
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 […]
Read More
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 […]
Read More
Understanding Your Credit Score and Credit Report in Canada
Credit scores in Canada are calculated using data from your credit report, and while the exact formulas used by Equifax and TransUnion are proprietary, the factors that influence the score are well documented. Every score is based on five core components that reflect how you borrow, repay, and manage credit over time. The most influential […]
Read More
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 […]
Read More