The crisis of high gas prices, will it lead to more personal bankruptcy in the GTA?

October 2, 2008

We have all seen gas prices reach record levels over the past few weeks in the GTA. What does this mean for the number of bankruptcies that will be filed? The answer is they are going to go up. Transportation costs are a basic need, just like housing and food; there is no avoiding it. [...]

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New Bankruptcy Scarborough Rules

July 10, 2008

New Bankruptcy Rules in Effect Starting July 7, 2008 Two changes became law this week: Student loans now discharged after 7 years If you have been out of school for 7 years and still can’t manage your student loans, they can now be included in a bankruptcy or a proposal. The old rule required you [...]

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Cars and bankruptcy? (NEW government rules)

June 23, 2006

A quirk in the law was corrected today. Now, if you file for bankruptcy and your car is worth less that $5,650, you may keep it. (Under the old rules, you had to give it to your trustee.) If your car is worth more than $5,650 and you want to keep it, you will have [...]

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Bankruptcy Alternatives: What Are Your Options?

April 23, 2006

I usually have a different view of my first meeting with people facing financial difficulty than what they expect; they want to know how to file for bankruptcy; I want to explore their options to see if they can avoid filing for bankruptcy. So, what are the options we discuss? Budgeting – maybe this is [...]

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Where can I get help with my finances, or bankruptcy, in Scarborough?

March 1, 2006

This is the spot! You can read about your options: bankruptcy, or maybe a consumer proposal. If you would prefer to watch and listen to what we can help you with, you can view one of our videos. But more importantly, you can meet with a trustee in bankruptcy personally. We will assess your situation, [...]

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