Things you should know about bankruptcy and involvency

Things you should know about bankruptcy and involvency

Sometimes it is extremely difficult to discuss and come to terms with financial situations, especially if you are in significant debt. However, in Waterloo, there are some very good insolvency consultation firms. They can help you face the reality of your particular...
Mistakes you should avoid when filing for bankruptcy

Mistakes you should avoid when filing for bankruptcy

The Bankruptcy and Insolvency Act is designed to help people be discharged from excessive debt and give themselves a fresh start financially. If you think that bankruptcy might be the answer to your problems, consult with our Waterloo bankruptcy advisor. Before you...
What is the difference between bankruptcy and involvency?

What is the difference between bankruptcy and involvency?

Frequently the terms bankruptcy and insolvency are used interchangeably.  However, they actually mean different things legally.  Insolvency is financial distress.  Bankruptcy is a legal process where someone applies for relief from debt.  So, it is possible that you...
Is it possible to file bankruptcy for debts not due?

Is it possible to file bankruptcy for debts not due?

It seems unbelievable that someone can have debt and not know about it.  After all, you used your credit card or signed a contract.  It is possible that you incurred the debt sometime ago or thought the issue was resolved but suddenly you receive a notice that you...