When financial challenges feel overwhelming, finding a clear path forward is crucial. Whether you’re struggling to keep up with debt payments or feeling uncertain about what steps to take, the options of bankruptcy and consumer proposals can provide much-needed relief...
Picture this: you wake up one morning, sip your coffee, and decide to check your bank account. To your shock and dismay, you discover that your funds are frozen. Panic sets in, and questions flood your mind. What happened? Why is your money locked away? If...
Debt can be a burden that weighs heavily on individuals, affecting their financial well-being and overall quality of life. In Nova Scotia, consumer proposals offer individuals an alternative to personal bankruptcy. It provides a structured and manageable way to repay...
Debt can be a heavy burden to bear, causing stress and anxiety. If you’re looking for a way out of overwhelming debt, it’s essential to explore your options. One such option is a consumer proposal—a debt relief solution that can provide you with a fresh...
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...
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...
