Subprime Canada loans the introduction Our vlog this week is on how subprime Canada loans are not hurting the GTA real estate market, or the Ontario economy at all. Last Tuesday, we published our blog titled PERSONAL INSOLVENCY: DROP IN OIL PRICES SERIOUSLY IMPACTING CANADIANS FINANCIALLY. One of our findings was that in Ontario, the […]
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Drop in oil prices = a rise in personal insolvency Personal insolvency is the financial condition where you can no longer meet your debts as they come due or your assets, if sold, are worth less than the amount of your debt. When many of us read about a drop in oil prices we either […]
[monkeytools msnip=”https://monkeyplayr.com/playr.php?u=5173&p=20586″] Introduction Our Brandon’s Blog certainly is a personal bankruptcy blog, but it is more than that. Brandon writes on various finance and insolvency-related topics including corporate restructuring, corporate bankruptcy, alternatives to bankruptcy, credit counselling, restructuring through a consumer proposal or a Division I Proposal or the Companies’ Creditors Arrangement Act (CCAA). Every Monday […]
HOW MUCH DO YOU HAVE TO OWE TO FILE BANKRUPTCY – NOT MUCH! We are always asked, how much do you have to owe to file bankruptcy? The real question is, here are my assets and my debts, what are my options? In Canada, the Bankruptcy and Insolvency Act (Canada) (“BIA”) states that you must […]
Canadian bankruptcy expert introduction There are several misconceptions when it comes to the Canadian bankruptcy expert known as a licensed insolvency trustee and that the role of the trustee is only for the bankruptcy process. It is true that a licensed insolvency trustee is the Canadian bankruptcy expert, but it is not the case that […]
[monkeytools msnip=”http://monkeyplayr.com/playr.php?u=5173&p=20280″] A licensed insolvency trustee is the bankruptcy expert Richard is unable to pay his bills, unsure what to do Richard knows he has to speak to someone but talking with a bankruptcy expert scares him. On the advice of a close friend, he contacts a Licensed Insolvency Trustee, a professional licensed by the […]
[monkeytools msnip=”https://monkeyplayr.com/playr.php?u=5173&p=21090″] Filing bankruptcy is tough – but not as tough as you have already experienced It has been a tough time for David and Julie and now they are seriously contemplating filing bankruptcy. He has been laid off and the bills are piling up. They have been thinking about bankruptcy. David begins an online […]
[monkeytools msnip=”http://monkeyplayr.com/playr.php?u=5173&p=20577″] This is one of the most popular questions about bankruptcy we are always asked. The concept of surplus income in bankruptcy doesn’t seem to make much sense. After all, if you are bankrupt, how can you have surplus income? So let’s start at the beginning and clear up all the confusion. That way […]
[monkeytools msnip=”http://monkeyplayr.com/playr.php?u=5173&p=20586″] Is there bankruptcy information online? There is a large amount of bankruptcy information online. Just go to the website of any Licensed Insolvency Trustee or bankruptcy lawyer. There is information about: Canadian bankruptcy the Canadian Bankruptcy Act (BIA) general insolvency information The Ira Smith Trustee website On our website, you will find bankruptcy […]
What are subprime personal loans? Subprime personal loans lending is dangerous business. It was instrumental in pushing the U.S. financial system to the brink of collapse from 2007 – 2008. You may have read the book or seen the movie The Big Short. It is a 2015 American film directed and co-written by Adam McKay. […]