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I am a bankruptcy trustee in Canada, so every week I meet with many people in financial trouble. This past week was an interesting week, because I met with many people who had obviously spent too much time in the sun. Literally. In Ontario, and in many parts of Canada, we have had a run […]
My name is Bruce Gandossi. I’m a chartered accountant and licensed trustee in bankruptcy in British Columbia. A few months ago I wrote an article asking the question: Will the Vancouver 2010 Olympics Impact Personal Bankruptcy Rates? Here’s what I said a few months before the Olympics about bankruptcy in Canada: We may have a […]
Would your financial well-being be noticeably affected if your paycheque dropped by 10%? For most of us, the answer is “yes”. We tend to live paycheque to paycheque, so any drop in income can lead us down a slippery slope that often ends with a person filing bankruptcy in Canada. CPA Canada did a study […]
As we have discussed many time on the Bankruptcy Canada Trustee Talk blog, a consumer proposal is a great alternative to filing bankruptcy in Canada. The concept is simple: instead of going bankrupt, you offer to pay a portion of the amount owing to your creditors, and if they accept you avoid bankruptcy. But why […]
Why do Canadians read over a quarter of a million pages on this Bankruptcy Canada website every month? Why are you reading this article? Simple: you want information about filing bankruptcy in Canada. Today, to make your research easier, we present a list of the top bankruptcy resources in Canada. Click on the links, do […]
This is a website devoted to discussing all aspects of bankruptcy in Canada, but today we will discuss the opposite of bankruptcy. Today I present my Top Three Ways to Avoid Bankruptcy in Canada. Why would I, a bankruptcy trustee, want you to avoid bankruptcy? Because I strongly believe that bankruptcy should be a last […]
The year 2009 was an important year for bankruptcy legislation in Canada. On September 18, 2009 the bankruptcy rules changed, making it more expensive and more complicated to file bankruptcy for certain people, due to changes in the surplus income rules. Today’s question: do the surplus income in bankruptcy rules discriminate against women? First, some […]
Every day we talk to people who are worried about filing bankruptcy. They are nervous about the process; they don’t know what will happen. Many of them are afraid, so to help you deal with those fears about bankruptcy I would like to discuss the five most common fears people have about filing bankruptcy. After […]
On March 27, 2010 the world observed Earth Hour. At 8:30 pm local time everyone was encouraged to turn off their lights as a statement against climate change. So what does Earth Hour have to do with bankruptcy in Canada? The answer depends on how you perceive the value of Earth Hour. Many people […]
In a press release dated February 16, 2010, the government of Canada announced new rules for mortgage funding: The Honourable Jim Flaherty, Minister of Finance, today announced a number of measured steps to support the long-term stability of Canada’s housing market and continue to encourage home ownership for Canadians. “Canada’s housing market is healthy, stable […]
