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Meeting of Creditors
Dec 16, 2021 | Bankruptcy, Consumer Proposals
A meeting of creditors does not automatically occur in every summary bankruptcy and consumer proposal filing in Canada. In fact, they are a relatively rare occurrence. In our practice, we see a meeting of creditors in less than 1% of...
Pros and Cons of Filing for Bankruptcy
Dec 16, 2021 | Bankruptcy
“Bankruptcy” is a word no wants to hear in regard to their financial situation. It tends to bring with it mixed feelings. Filing for bankruptcy, like most things in life, comes with both pros and cons. The good outweighs the bad for those who find themselves...
Its 2019 Do You Know What Your Credit Score Is?
Dec 16, 2021 | Budgeting Tips/Finance 101
Credit Scores: What You Need To Know What’s the score? You may not even know it, but your credit score is a huge component of your financial identity. Whether you have sparkling credit or a regrettable borrowing history, when you’re looking for a new credit card or...
Buying a House After Filing Bankruptcy or Consumer Proposal
Dec 16, 2021 | Bankruptcy
Home ownership is a dream for many people. It is a common misconception that filing a bankruptcy or a consumer proposal means you will never be a homeowner. It is possible for the dream of home ownership to be a reality after filing for bankruptcy or a...
Income Tax Debt and Bankruptcy
Dec 16, 2021 | Income Taxes
The April 30th income tax filing deadline has come and gone. Some self-employed people have until June 15th to file their tax return, but if they owe income tax, interest is already accumulating back to the April 30th date – or possibly even to when your installment...
Why You Need A Licensed Insolvency Trustee
Dec 16, 2021 | Licensed Insolvency Trustee Facts
Struggling to make your monthly payments? Debt can leave you feeling stressed out and unsure of where to turn. Luckily, there is a solution: a team of experts ready to help you with your debt. Debt doesn’t have to be a lonely struggle. This is where a Licensed...
Managing Summer Vacations And Debt
Dec 16, 2021 | Budgeting Tips/Finance 101
Are you facing down bankruptcy but trying to keep life moving as normal? Maybe you’re trying to work your way out from underneath a mountain of debt but still want to spend leisure time with family this summer. You’re not alone. Avoid Debt From Vacation Expenses There...
Managing Debt During the Holidays
Dec 16, 2021 | Budgeting Tips/Finance 101
The holidays are the most magical time of year. However, all that magic doesn’t come cheap. There are a lot of extra expenses that go above your typical day-to-day living. Many people use credit as a means of getting through the holiday season, and that comes with its...
Bankruptcy and Consumer Proposals in Nova Scotia in 2019
Dec 16, 2021 | Consumer Proposals
Consumer Insolvency Statistics in Nova Scotia 2019 In 2019, there were 137,178 insolvencies filed by consumers in Canada. This was up 9.5% from 125,266 in 2018. In Nova Scotia there were 6040 consumer insolvency filings. The total filings were up 8% from...
COVID 19 Support for Nova Scotians
Dec 16, 2021 | COVID-19
As we sit in the midst of uncharted territory in relation to the Covid-19 virus, the only thing we know is the fallout is immense. The health consequences were initially at the forefront of everyone’s mind, but it is rapidly becoming apparent that they are the tip of...