Bankruptcy Trustee | Consumer Proposal | Fresh Start | Hamilton | Burlington | St. Catharines | Ontario

Your credit card statement tells you how long it will take to pay down your debt if you only make minimum payments. The number is sometimes startling.

Bankruptcy Trustee | Consumer Proposal | Fresh Start | Hamilton | Burlington | St. Catharines | Ontario

Bankruptcy and your 407 ETR debt

Until January 2014, any debts owing to 407 ETR could result in a license plate denial – even if you filed for bankruptcy. Generally, the federal law states that debts that existed prior to an assignment in bankruptcy are erased after your discharge from bankruptcy. This “fresh start” principle allows an insolvent person to get…

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What are debt settlement companies?

I’m sure you’ve heard the radio ads – how a government approved debt settlement company can settle and/or reduce your debts. This is very powerful messaging if you happen to hit on some hard times. But when something sounds too good to be true, it’s usually not what it claims to be. For some time…

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Legislative Changes September 18, 2009

Amendments to the Bankruptcy and Insolvency Act Effective September 18, 2009, significant changes were made to the Bankruptcy and Insolvency Act to streamline procedures and to ensure consistency amongst Trustees.  One of these changes is in relation to surplus income payments. 

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