Dealing with financial problems can be a challenging and stressful experience. If you are struggling to pay your bills, it may be time to consider your options. One potential option for people in financial distress is bankruptcy.
Read more
How Insolvency Affects Your Credit
In Quebec, insolvency is a legal process that allows individuals and businesses to eliminate their debts and start fresh. However, this process has a significant impact on your credit score and credit history. Understanding how insolvency affects your credit score and credit history is crucial if you are considering this option.
Read more
Exploring Alternatives to Commercial Bankruptcy
Bankruptcy is a tough reality for many businesses. It can seem like the only way to address debt and other financial issues, but there are alternatives to consider. With careful planning and a thorough understanding of the available options, it is possible to explore alternatives to commercial bankruptcy and create a sound financial future for your business.
Read more
Everything You Need to Know Before Filing for Commercial Bankruptcy
Filing for commercial bankruptcy is a difficult decision to make and one that should not be taken lightly. It can have long-term effects on your business, finances, and credit score, so it’s important to understand the process before making a decision.
Read more
5 Signs You Need the Help of a Licensed Insolvency Trustee
If you’re struggling to make ends meet, it can be a sign that your financial situation has taken a turn for the worse. Financial difficulties can come with a cost; in fact, they often do. A Licensed Insolvency Trustee (LIT) offers invaluable assistance to people whose debts have gotten out of control and threaten to take them down with them. To discover whether you qualify for the services of a LIT, read these 5 signs that indicate you need the help of one.
Read more
The CRA Is Seeking to Recover Over $3 Billion in Overpaid Benefits
The CRA is seeking to recover $3.2 billion in benefits that were overpaid during the Covid-19 pandemic. They have already sent out 825,000 notices to Canadian individuals and businesses who received either excess payments or who were ineligible to receive them. Here’s what to do if you received a notice of redetermination.
Read more
Understanding Quebec’s Bill 53 and the Impact of the Consumer Credit Lock
Quebec’s Bill 53 is a piece of legislation that was passed in 2020 with the intention of protecting Quebec consumers from identity theft and fraud. As of February 1st, 2023, consumers will be able to place a credit lock on their consumer report.
Read more
What to Do After Divorce: Tips for Starting Over Financially
Although it may not seem like it now, divorce is an opportunity to take control of your finances and achieve financial independence as quickly as possible. The sooner you put your money house in order after divorce, the sooner you can start afresh with a clean financial slate. Here are some strategies on what to do after divorce financially so that you can thrive even in this difficult time in your life.
Read more
How to Make the Most of Your Money
If you want to get on the right track to financial health and stability, but keep seeing your money going down the drain, then read the following 4 tips to make the most of your money.
Read more
Healthy Financial Habits
Spending your money on things that you want can be pretty tempting — but it can also leave you with empty pockets and a long credit card statement. Below are a few healthy financial habits to curb that urge to spend.
Read more