When you file for personal bankruptcy or a consumer proposal, one of the things that the trustee monitors closely is that you complete your duties. These are outlined in Section 158 of the Bankruptcy and Insolvency Act and there are quite a number of them.
One of the duties states that you must make yourself available [...]
A few posts ago I talked about the court case in B.C. with respect to payday loans.
A recent article in the London Free Press talked about provinces regulating the indsutry. It appears the federal government has introduced Criminal Code changes that would clear the high-interest, short-term lending issues. The changes would give the provincial governments [...]
When I meet with people and we are discussing their situation, it is usually very late in the appointment that they indicate they have been bankrupt before. They usually then say “That means I can’t go bankrupt again, right?”
Actually you can go bankrupt more than one time but when we are discussing your financial situation, [...]
