What Causes People to go Bankrupt?

March 19, 2012

My name is Julie and I work in our 8 King St E and 2 Bloor St E offices. In our offices, and all over Canada, there are three primary reasons that lead individuals to bankruptcy: 1 – Unexpected Illness/Medical Problems If you or a member of your family suffers from a sudden illness or [...]

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After Bankruptcy: A Roadmap for the Future

March 6, 2012

Is it possible to rebuild my credit? What happens after bankruptcy? This is a common question we are asked when we meet with individuals. My name is Adam Rauf and I’m an articling student with Hoyes, Michalos & Associates Inc. and I work out of our Brampton Location. A blemished credit rating is an unfortunate [...]

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Debt and Buying a House

March 6, 2012

When I talk with people who are having debt problems, one of the questions that they have is with regards to purchasing a house. Can they purchase a house with a lot of debt? Or if they file a consumer proposal or a bankruptcy, will they be able to purchase a house in the future? [...]

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Is it over yet? Bankruptcy Woes in Toronto

February 25, 2012

I’m just catching up on my reading this weekend from this past week’s news events. The Globe and Mail reported on average consumer debt loads climbing to a record high at the end of 2011. While there are references to a promising trend, “continued deceleration in the annual growth of overall debt levels”, the big [...]

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How can I choose a bankruptcy trustee?

February 21, 2012

Good question.  First of all let me explain what a trustee is.  A trustee is appointed by the Court to administer your bankruptcy or proposal.  You can only file a bankruptcy or proposal through a trustee, no one else can file one for you.  A trustee is able to provide information and advice about both [...]

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