Understanding the Process of Insolvency Insolvency is the process of selling assets and reorganizing debts. It is critical for individuals to understand the insolvency process and how it might affect them. You should be informed of the insolvency process and how it might affect you, whether you are a business owner or a consumer. Liquidating…
5 Things You Need to Know Before Filing for Bankruptcy in Canada
On This Page What Is the Difference Between a Bankruptcy Lawyer and a Licensed Insolvency Trustee? Why Do People File for Bankruptcy? Who Can File for Bankruptcy? What are the Alternatives to Filing Bankruptcy? Debt Consolidation Consumer Proposal How to Find a Licensed Insolvency Trustee Do you have a mountain of debt and nowhere to…
The Merchants of Menace and the potential debt disaster
The Merchants of Menace and the potential debt disaster: What happens when interest rates are maintained artificially low over an extended period of time? It may appear to be an academic question. However, if the accurate answer is “the 2008 global financial crisis,” you should sit up and take notice. Especially given where interest rates…
Credit Card Debt: 5 Ways to Pay It Off
Credit Card Debt: 5 Ways to Pay It Off: There are numerous methods for paying off credit card debt, ranging from simply paying more than the minimum amount due each month to employing a technique such as a snowball method. The ideal option for you will depend on the severity of your debt, your interest…