When we are crushed under the weight of our debts, it’s hard to see the light at the end of the tunnel and consider anything else but a commercial bankruptcy. However, there are a few considerable solutions you should be aware of before starting to file for [...]
Your debts are growing faster than you can make money, but you don’t know if you are at the point of declaring personal bankruptcy? Take a small break. Start by talking to a licensed insolvency trustee as to determine if a personal bankruptcy is the [...]
Your former spouse declares bankruptcy and you're afraid of the consequences? What happens to his or her obligation to pay you support? You have chosen to declare personal bankruptcy and are wondering if you should continue to pay support? N.Séguin, a licensed trustee in insolvency, [...]
What is the debt ratio calculation? The ratio, or debt rate, represents the fraction of your income which is used only for the repayment of debts, loans or credits. As a general rule, it is recommended to keep your debt ratio below 33% of your [...]
Your business is experiencing difficulties and you want to find out how to know if a business is bankrupt? Asking yourself the question is already a sign that something is wrong. Fortunately, that doesn't mean you have to declare commercial bankruptcy. Even if you are [...]
When you’re ready to declare bankruptcy, it’s normal to worry about the cost of a personal bankruptcy. The consequences of a personal bankruptcy are many, but the money question worries us most. Being already in debt, personal bankruptcy is what we hope, a recourse to [...]
Personal bankruptcy in Laval is a definitive solution to your debt problems. Unfortunately, this is not the most practical solution due to all the consequences it brings. If your debts accumulate faster than you save, take the time to consider all your options. Even though [...]
The primary role of a financial recovery advisor is to help individuals and businesses get out of debt. They are also there to talk to you about your options and direct you to help you recover your financial stability. Whether you are ready to declare [...]