If your consumer proposal gets rejected, you can request a creditors' meeting and renegotiate the terms of your proposal
Although it may be a lengthy process, it’s not impossible. There are several ways you can rebuild your credit after you’ve completed the terms offered to your creditors under your consumer proposal.
Owing money to the Canada Revenue Agency (CRA) can be stressful. Especially because of their ability to resort to extreme means of collection action quickly. So, if you have a balance owing that you’re unable to repay, it’s best to consider solutions as soon as possible.
Many Canadians find tax return time stressful because they haven't planned for potential income tax debt owed to the Canada Revenue Agency. Let’s consider the ways you can prepare for income tax debt this year!
If you are exploring debt relief options, you may be concerned about how your assets will be affected. As a Licensed Insolvency Trustee, we are often asked about what happens to a vehicle in a consumer proposal or personal bankruptcy.
More than 3 million Canadians lost their jobs because of the COVID-19 pandemic. It is important to know how to prepare yourself for every scenario as you move forward.