Bankruptcy

Bankruptcy can be seen as the ultimate in financial failure. Even Abraham Lincoln, a man universally admired as a great leader and orator, suffered bankruptcy at a time in his life. A more accurate definition of bankruptcy may be to see bankruptcy as one possible outcome as a result of …

What is a consumer proposal? A consumer proposal is a legal process that allows you to negotiate a settlement with your creditors. It is an option that is provided under the Bankruptcy and Insolvency Act, but is not bankruptcy. In fact, it is a very good way to avoid bankruptcy …

Getting into debt can be fairly easy, especially since not many people are able to buy everything they want. Credit card and loan companies target people who are in need of their services because of different financial problems. Because loans charge interest the longer they are active, it can sometimes …