{"id":7576,"date":"2023-12-12T14:33:42","date_gmt":"2023-12-12T19:33:42","guid":{"rendered":"https:\/\/pierreroy.com\/?p=7576"},"modified":"2023-12-13T14:01:18","modified_gmt":"2023-12-13T19:01:18","slug":"impossible-to-lose-everything-in-bankruptcy","status":"publish","type":"post","link":"https:\/\/pierreroy.com\/en\/2023\/12\/impossible-to-lose-everything-in-bankruptcy\/","title":{"rendered":"Impossible to Lose Everything in Bankruptcy"},"content":{"rendered":"

When it comes to bankruptcy and consumer proposals, people are often afraid of losing everything. But is this fear justified? Let’s take a look at St\u00e9phanie Auclair, a member of our front-line team, renowned for her empathetic approach to debt-related stress.<\/p>\n

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For the past eight years, St\u00e9phanie has been gathering information and demystifying financial insolvency with a touch of humour. Her front-line experiences have revealed misconceptions that, once clarified, ease the worries of people facing debt-related challenges.<\/p>\n

Let’s take a look at the key topics Stephanie expertly addresses in a consultation with her.<\/p>\n

1. Addressing Common Concerns<\/h2>\n
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St\u00e9phanie Auclair, Information Agent<\/p><\/div>\n

One notable example is a woman in her fifties who was reluctant to ask for help.<\/p>\n

“In her head, she thinks she’s going to lose her car,” says St\u00e9phanie.<\/p>\n

However, if a car is leased or financed and the payments are up to date, the person will continue to make her payments and keep her means of transport. “Our job is to take care of the other debts,” she explains.<\/p>\n

In the vast majority of cases, people keep their vehicle.<\/strong><\/p>\n

However, in very rare cases, a paid-for car can become a seizable asset in a bankruptcy<\/a>. However, there are many exemptions. A person, for example, needs his car to :<\/p>\n