Tag Archives: personal bankrupcty

What is “surplus income” in an Ontario bankruptcy filing?

We are often asked “What is the cost to go bankrupt”? There is no easy answer to this question, as every person’s situation is different.  An initial consultation with one of our trained administrators is needed to consider all of the debtor’s individual circumstances and explore all of the options available. One component of the […]

How to get more information on bankruptcy and consumer proposals?

If you would like some more information on how to handle your debt then read the following booklet published by Industry Canada called Dealing with Debt – A Consumer’s Guide.  The information is meant for individuals only and does not apply to corporations.  Here is a section on how to recognize the danger signals…

How to deal with collection agencies

What is a Collection Agency? A collection agency is a business that pursues payment of debts owed by individuals or businesses. Collection agencies are often paid a commission to collect a debt on behalf of a creditor. It is not unusual for a collection agency to purchase an outstanding account from a creditor and then […]