You may recall in our June 2017 newsletter that we reported that the OSB had issued a report into its Review of Licensed Insolvency Trustee business
Insolvencies down in Canada – June 2017 stats
The latest numbers from the office of the Superintendent of Bankruptcy Canada shows a 7.0% percent decrease in the total number of insolvencies in
A closer look at May 2017 insolvency stats
Consumer insolvencies in BC increased in May 2017 by 21.7 percent from April 2017. Consumer proposals increased 25.9 percent while bankruptcies
Consumer Proposals, the Licensed Insolvency Trustee (“LIT”) and Third Party Debt Consultants – the debate continues
There has been considerable debate as to whether an individual needs an independent debt advisor to file a consumer proposal to “protect” the interest
I filed for a consumer proposal or a bankruptcy and I am still receiving statements from my creditors!
One of the most common questions I receive from a debtor is “Why do I keep receiving statements from creditors when they know I have filed a consumer
What to Expect When You File for Personal Bankruptcy
When a person files for personal bankruptcy it is typically a final course of action for an individual in financial difficulty. Your Licensed
CRA Collections Breathing Down Your Neck?
Talk to a Licensed Insolvency Trustee (“LIT”) In past newsletters we have discussed what to do if you owe taxes and the collection process by
Choosing the Right Licensed Insolvency Trustee
Being in debt is stressful no matter how much you owe. If doesn’t matter if you owe $10,000 or $100,000, if you can’t pay it, it's stressful. Debt
Bankruptcy Discharges – and why they are so important
The final and most important step in the bankruptcy process is your discharge from bankruptcy. The discharge from bankruptcy is the legal mechanism