Many people in modern times are deeply in debt. Countless Americans are currently being harassed daily by debt collectors. If that’s your story then personal bankruptcy can be for you. Continue reading this article so you can find out if this is something you should do. You should avoid paying ( more… )

If you can no longer pay off your debts, you can go bankrupt. A bankruptcy means that almost all your belongings will be seized and that these will be sold at a bankruptcy auction by the bankruptcy trustee.   When do you go bankrupt? A bankruptcy is pronounced if you ( more… )

When it is time to declare bankruptcy, many Canadians decide not to do so. Although declaring bankruptcy provides long-term financial assistance, this method is linked to a bad stigma that can follow the individual throughout his life. According to the Office of the Superintendent of Bankruptcy Canada, 71,495 Canadians went ( more… )

A credit insolvency occurs when the debtor can no longer meet the demands for payment to his creditors. In the context of a bankruptcy there are 2 different forms: 1. The corporate insolvency 2. Private and Consumer Bankruptcy Private insolvency is anchored in the Insolvency Code (InsO) In private insolvency ( more… )

An exemption for family property is a legal resource that is designed to help people who go through the bankruptcy process to stay in their homes or be reasonably compensated for the loss of their residence. Exemptions for family property date back to the Civil War era, when solutions were ( more… )

Running your own business is not always just a series of successes. It also happens that a brutal market makes it necessary to stop running your own business. Indebtedness, too much competition or simply a missed idea can be a source of not only business failure, but above all the ( more… )