Buying a house after bankruptcy
Governed by the Bankruptcy and Insolvency Act (BIA) — which is regulated by the Office of the Superintendent of Bankruptcy Canada (OSB) —, bankruptcy
Category: Blog
We resolve. You restart.
Bankruptcy trustees are changing
The term “bankruptcy trustee” could very well change pretty soon. The Office of the Superintendent of Bankruptcy Canada, the OSB,
6 ways to keep your residence if facing foreclosure
In 2014, homeowners that received foreclosure notices reached a five-year high. However, before throwing in the towel and losing their
Property exempt from seizure — current situation and upcoming changes
Section 67 of the Bankruptcy and Insolvency Act (BIA) specifies that all property of the bankrupt at the date of
Have fun this holiday season without hurting your budget
We all want to take advantage of the holiday season to enjoy activities with family or friends. But this period
Why do Jack Johnson and other athletes file for bankruptcy?
Jack Johnson, a professional hockey player who earned nearly US $20M in his career, just filed for bankruptcy. Johnson’s situation is
How to avoid having your hydro disconnected
If you are behind on your hydro bills, you could get disconnected soon. Note: This post was updated on February
The Impacts of La courte échelle and Jacob’s Bankruptcies
This time, it is official! La courte échelle and Boutique Jacob Inc. are bankrupt. These two flagships of the Québec
Who are Licensed Insolvency Trustees working for?
Being a Licensed Insolvency Trustee (LIT), I am sometimes confronted with this question. Sometimes, I even have to demystify the
Divorce: A Leading Cause of Bankruptcy
The divorce leads many Canadians to declare bankruptcy. This phenomenon is rather disturbing, given the fact that divorce forecasts show
Teaching Children the Value of Money
Generation Y, better known as millennials, are currently between the ages of 18 and 37 and have more debt than
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