If you’re an immigrant in Canada and dealing with financial difficulties, you may have considered a consumer proposal as a way to get back on track. However, if you’re also in the process of applying for Permanent Residency (PR), you might be wondering how does consumer proposal affect your PR application. In this article, we’ll…
Filing for a consumer proposal can be a life-changing decision for those dealing with overwhelming debt. But, if you’re married or living with a partner, you may wonder, does a consumer proposal affect your spouse? The good news is that in most cases, your spouse won’t be directly impacted. However, there are some areas where…
Once your bankruptcy is finalized, your credit score may drop significantly. In Canada, bankruptcy remains on your credit report for up to 10 years (or 7 years after discharge). However, you don’t have to wait for it to disappear to begin rebuilding your credit. If you’re wondering how to rebuild credit after bankruptcy, the process…
Debt can be an overwhelming burden, and dealing with a debt collector can be stressful. Understanding your rights and responsibilities when a collection agency contacts you is crucial in managing the situation effectively. In this guide, we will explore the role of debt collectors, what happens when your debt is sent to collections, and the…