Article Summary: How Credit Cards and Your Credit Score Are Connected Before Applying For a Credit Card Types of Credit Cards Credit Cards vs. Debit Cards FAQs About Credit Cards and Credit Scores Case Study: Rebuilding Credit with a Secured Card You’re balancing the responsibilities of homeownership, raising a family, and managing a demanding career. […]
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Qualifying 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 […]
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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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Demystifying Bankruptcy: A Comprehensive Guide to Understand How to File Bankruptcy in Canada
“Bankruptcy” is a word everyone knows, and it carries some stigma with it. In reality, the bankruptcy process in Canada is not complicated for most people, and can even be over in as little as 9 months. While there are other alternatives if you are faced with overwhelming debt, there are situations where bankruptcy is […]
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Tax Returns & Bankruptcy
Navigating Tax Returns and Bankruptcy: What to Expect and How It Impacts You The relationship between filing for bankruptcy and its effects on tax returns is a common concern for many individuals. Understanding the intricacies of tax filing during bankruptcy is crucial to avoid any surprises and plan your financial recovery effectively. First and foremost, […]
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Debt & Mental Health
The Link Between Debt and Mental Health: Finding Financial Freedom and Peace of Mind Dealing with debt and financial problems can have a profound impact on mental health, just as mental health issues can lead to money troubles. The relationship between these two aspects is complex and interconnected, with each affecting the other in a […]
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Bankruptcy Discharges
Bankruptcy comes with a lot of new and unfamiliar terms. This article is designed to help anyone in or considering bankruptcy to understand more about the various ways a bankruptcy can end, or not end. It also addresses oppositions to discharge, and the difference when your bankruptcy is ‘tax-driven’. Discharge Types While filing a bankruptcy […]
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