Friday, 30th July, 2010
Bankruptcy exemptions vary by province in Canada. Here is a complete list of Federal Government exemptions a bankrupt individual can keep in Ontario: Click here
Knowing your rights is imperative to ensuring creditors preserve as many of their assets as possible. This link takes you to the Government of Canada's website containing a copy of the Bankruptcy and Insolvency Act (R.S., 1985, c. B-3). Click here
Here's a comprehensive overview of procedures and legal consequences of consumer bankruptcy in Canada. This article discusses Bankruptcy reform, discharge rules, the Wage Earner Protection Program Act, reduction of the student loan discharge period from ten to seven years, protection of all registered retirement savings plans and more. Click here
All about Bankruptcy Mediation
Recent amendments to the Bankruptcy and Insolvency Act have led to changes in the consumer bankruptcy process, changes that could be very helpful to you as a bankrupt or a creditor.
This post provides basic information on the mediation process. It does not provide detailed legal advice. For complete legal information related to [...]
Will I lose everything in bankruptcy?
No. There are certain common assets that are protected [...]
What if I win a lottery or receive an inheritance while in bankruptcy?
It is important to remember that you have duties in a bankruptcy. Two of the [...]