As household debt continues to rise for Canadians, having a well-prepared budget is more important than ever. Changing your budgeting habits can change your life after bankruptcy.
If you've recently filed for bankruptcy, or think that this may be the best debt solution for your situation, you may be wondering what happens once your bankruptcy is filed. While the first big step is over, your timeline for having your bankruptcy discharged will depend on your financial situation.
If you're falling behind with making your debt payments, know that you are not alone. Many Ontarians feel the stress of financial instability these days.
If you've found yourself in a position of insolvency, you aren't alone, and a Licensed Insolvency Trustee at Crawford, Smith and Swallow can help.