Friday, 30th July, 2010
Toronto Directory
SPECIAL SECTIONS
Federal Bankruptcy Exemptions 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
Bankruptcy and Insolvency Act 2010
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
Bankruptcy in Canada 2010
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
New Additions To The Bankruptcy Law In Canada
During the month of September in 2009 the Canadian federal government adjusted the bankruptcy law in Canada and made bankruptcy much more expensive for Canadians. A test for income determined the amount payable in bankruptcy stages and was a requirement to determine the length of time personal bankruptcy will last.
Under old rules anyone claiming bankruptcy [...]
What to Do When You Have a Car You Can’t Afford
We know that purchases are based on emotion, so it makes sense that sometimes people will buy vehicles based on their feelings about a certain type of car or a new car versus an older car, rather than by logic and what one could and one could not afford. Sometimes people lose their jobs, and [...]
Inheritance and Bankruptcy
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 [...]
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