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

Your credit bureau reports

When applying for any type of credit, the lender will request a copy of your credit bureau report. This gives them a picture of how you pay your outstanding debts. The two major credit reporting agencies in Canada are Equifax Canada and Trans Union of Canada. Both these agencies obtain their information directly from the…

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Is there life after bankruptcy?

Filing for bankruptcy is not a life sentence –you will have your financial life back once the bankruptcy is discharged if you develop a new strategy for dealing with debt. The decision to file can be difficult and emotional since you are likely feeling embarrassed and disappointed in yourself. However, there may be a number…

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The Aftermath – Rebuilding Credit

A personal bankruptcy will remain on your credit rating for six years from your discharge from bankruptcy. A consumer proposal will remain on your credit rating for three years from completion of your proposal. Once you are discharged from bankruptcy or completed your consumer proposal, you should take pro-active steps to rebuild your credit. The following will assist in…

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