by debtandcreditsolutions | Dec 16, 2021 | Bankruptcy
One of the great myths and misunderstandings surrounding personal bankruptcy is that people think that they will lose everything they own. Fortunately this is not true. Bankruptcy is meant to help people get a fresh start. It is not meant to be a punishment. ...
by debtandcreditsolutions | 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...
by debtandcreditsolutions | 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...
by debtandcreditsolutions | 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...
