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
Most people are very concerned about their home and what happens to it if they file bankruptcy. There are only two options: you keep it or you lose it.
To keep your home you need to answer YES to the following questions:
Do you want to keep the house? (Not everyone wants to keep their house. If [...]
There are no quick fixes for improving your credit score. But you can raise your score over time by demonstrating that you consistently manage your finances responsibly. Any of the following ten tips can help you to improve your credit score:
1. Pay your bills on time.
This is the best way to improve your score, and [...]
A Debt Consolidation loan is a personal loan that allows you to consolidate many other debts into one. For example, if you have three credit cards, you may be able to eliminate your credit card debt (see details below) by getting a Debt Consolidation loan to pay off the credit cards, so that you only [...]
I just came across this valuable set of tips from AllBusiness.com. As a personal bank customer today, you need to be cautious and pay close attention to activity in your account.
Bank errors and the potential of identity theft have made it imperative that you become proactive and follow simple safeguards. In addition, changes in bank [...]
Don’t let poor financial planning keep you awake at night. If you take these actions now, you might sleep better — and better sleep might ensure good health as you age. Concerns about financial well-being in retirement keep many Canadians awake at night.
About 43% of employees at small and medium sized businesses, as well [...]