CEBA loan repayment: Introduction Welcome to Brandon’s Blog, where we make every effort to furnish companies and all businesses with the necessary methods to deal with challenging economic uncertainty. Understanding your present financial health and wellness is crucial in overcoming problems and safeguarding long-lasting durability. As we are receiving many calls from entrepreneurs who are […]
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How long do receiverships last in Canada? Introduction In my September 2021 Brandon’s Blog, THE CANADIAN RECEIVERSHIP EASY BEGINNERS GUIDE, I provided an easy-to-understand guide to understand the receivership process. To summarize, I described that in Canada, a receivership is a legal remedy available to secured creditors to recover outstanding amounts under a secured loan […]
Our most read blogs in 2022: Did people still consume blog content in 2022? It is challenging to accurately ascertain the number of individuals who engaged in blog reading in 2022, as such information is not publicly accessible. However, if the performance of our blog, Brandon’s Blog, is any indication, blog reading should remain a […]
Consumer proposal calculator: When should you think about a consumer proposal? Debt can be a heavy burden, and it seems like there’s no end in sight. If you’re having a hard time making ends meet and debt is taking over your life, you may be asking yourself if a consumer proposal is right for you. […]
A new phase for the Canada Recovery Benefit The Canada Recovery Benefit (CRB) was part of the Canadian government’s overall economic recovery programs to help Canadian individuals and businesses during the COVID-19 period. It was a taxable benefit of $500 per week that lasted for up to 26 weeks. It was given to employed and […]
Evaluating the pros and cons of bankruptcies Canada: Introduction When you are in debt, it can feel like you are stuck in quicksand – the more you struggle, the deeper you sink. If you are considering bankruptcy, you are not alone. According to the Office of the Superintendent of Bankruptcy (OSB), almost 100,000 Canadians filed […]
Undischarged bankrupts: Declaring bankruptcy may not make all of your debts disappear What? I thought the point of filing bankruptcy was to make all of a person’s debts go away. For many years, people have used debt repayment strategies such as the debt snowball, debt avalanche and debt stacking to pay off their credit card […]
Liquidation of company assets: What is the liquidation of a company? In business and the law, liquidation is the process of bringing a company to an end and distributing its assets to creditors. This usually happens when a company is financially solvent and can pay all of its debts after all its assets are sold […]
What does an insolvency trustee do? In simple terms, the only professional who can help you with a government-regulated insolvency proceeding that may allow you to be discharged from your debt is an insolvency trustee. This may be the best solution for individuals with significant financial difficulties. An insolvency trustee is responsible for carrying out […]
Licensed insolvency trustee fees: How is a licensed insolvency trustee paid? Are your debts or your company’s debts and financial situation causing you so much stress that you are considering speaking to a licensed insolvency trustee (formerly called a bankruptcy trustee or trustees in bankruptcy), but you are worried about the licensed insolvency trustee fees? […]