Understand

March 2019

GGA-Blogue-Annulation-Proposition-EN

The consumer proposal and deemed annulment

The consumer proposal allows you to come to an agreement with your creditors to pay back a portion of your debts. As with a bankruptcy, the consumer proposal allows you to stop the collection calls and put a stop on the climbing interest and get out of excessive debt. (more…)

February 2019

GGA-Blogue-SAIjguement-EN

why licensed insolvency trustees do not pass judgment

During his or her career, a Licensed Insolvency Trustee (LIT) will meet many individuals. Although they all experience financial difficulties, each one has a situation and a story of his or her own. Some of them are ashamed of requiring the services of a LIT and revealing their financial problems. In some cases, they have even hesitated to consult a professional for fear of being judged. (more…)

January 2019

GGA-Blogue-portefeuilleSante-EN

Healthy Finances: The New Year’s Resolution

The holiday season has just ended and the New Year has truly started! For many consumers, the month of January is ideal for making life changes. The season of new resolutions is in full swing. The possibilities for resolution are endless and distinctive to all of us: losing weight, stop smoking, reducing alcohol consumption, being happier, taking time for yourself and your family, working less etc.… (more…)

May 2018

Can debts to CRA be included in a bankruptcy?

Can debts owed to the CRA and QRA be included in a bankruptcy?

Tax season can be stressful, especially for those who receive unpleasant surprises and must pay money to Québec Revenu Agency (QRA) and/or the Canada Revenue Agency (CRA). Tax season can present you with some difficult questions: How do you extract yourself from tax debt, which can drag on for years? Bankruptcy or a consumer proposal may be the solution for you. (more…)

April 2018

How to prevent a Hydro-Québec service disconnection

How to prevent Hydro-Québec from disconnecting your power

Having payments past due and seeing your unpaid bills pile up is difficult for any consumer. It goes without saying that the last thing you need is to worry that Hydro‑Québec will disconnect your essential services. But did you know that, depending on your circumstances, you may be able to protect yourself from a service disconnection by Hydro-Québec with a consumer proposal or bankruptcy? (more…)

March 2018

Consequences ex-spouse declares bankruptcy

Your ex-spouse is declaring bankruptcy? Here’s how it affects you.

A separation is an incredibly difficult period for everyone, not only emotionally, but also financially. Finding yourself alone to deal with day-to-day responsibilities and daily payments can be an enormous challenge to overcome. What happens when your ex-spouse declares bankruptcy after your separation? How does this impact your finances? (more…)

February 2018

Differences between bankruptcy and consumer proposal

The difference between bankruptcy and consumer proposals

Your debts can cause a lot of stress and may seem insurmountable to you. Don’t let your uncertainties prevent you from considering using a consumer proposal or declaring bankruptcy to resolve your financial difficulties. Although less common among consumers, they are two simple solutions to repay your debts and free you from your obligations towards your creditors. (more…)

October 2017

July 2017

power-of-attorney-dealing-with-parents-debts

Can power of attorney help you manage your parents’ debts?

When a person struggles to manage their finances, someone else may obtain power of attorney to assist them or to manage their finances for them. This may be the case for an older person who, even though they are still lucid, are unable to manage their budget. When that person has children, power of attorney is generally granted to one of them, provided they are at least 18 years of age. (more…)

May 2017

How to deal with collection agencies

Do you know what to do if a collection agency contacts you?

Collection agencies can be intimidating. Incessant calls can become frustrating, stressful, and exhausting. Sometimes, agencies will even use questionable methods to put pressure on debtors. Unfortunately, you may have to deal with them if you have outstanding debts. If this is the case, remember that you should not feel threatened. There are steps you can take to make the process much less painful. This will let you return to your normal activities without fear of reprisals by collection agencies. How collection agencies work If you are receiving calls from collection agencies, it’s because you owe money to one or more creditors. Collection agencies have a mandate to recover what you owe to creditors. In general, collection agencies work on commission. The more money they [...]