Monday, 06th February, 2012
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
The cost of bankruptcy in Toronto, Ontario is largely dependent on your personal situation – although not completely since there are some common expenses that you should certainly take into the account when trying to determine the cost of filing bankruptcy in your case.
Below we provide a summary of some of the costs [...]
Personal financial difficulties can happen to anyone at anytime . When creditors begin to call and the pressure mounts, there can be relief by calling a Greater Toronto Area (G.T.A.) Bankruptcy Trustee. A common misconception is that you only have one option and that is to declare Bankruptcy. A good trustee can help [...]