Topic: Bankruptcy

I received a terrific question recently from someone who was bankrupt but had not successfully completed his duties under the Bankruptcy and Insolv...

There is no financial situation as serious as one where a family deals with a shattered household due to separation and divorce.  When a marriage e...

A Registered Education Savings Plan, or RESP, is a savings account designed to help parents save for a child’s education after high school.  ...

Bankruptcies and Consumer Proposals are designed to legally release Canadians from the burden of tax debt, while leaving their retirement savings i...

What is Bankruptcy? A bankruptcy is a legal process in Canada legislated under the Bankruptcy and Insolvency Act (BIA) that is designed to eliminat...

It may be surprising to hear that many bankrupt people own their homes. The house becomes an asset of their bankruptcy estate for the creditors. In...

Sometimes sitting down with a debtor and going through their financial affairs; and trying to determine whether a bankruptcy or a consumer proposal...

Death and taxes are, some pundits have been known to say, the two certainties in life. And the death of a loved one is especially traumatic. The lo...

When two people separate and initiate divorce proceedings, under the Family Law Act the value of their assets accumulated during the marriage (pote...