What is the difference between bankruptcy and insolvency?
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?
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...
Myths and Truths about Bankruptcy
There are many misconceptions about bankruptcy and personal insolvency. These situations can seem too large to handle on your own, and that is probably the truth. Speak with a licensed trustee in bankruptcy in waterloo to thoroughly understand what these actions can...
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