Business owners and individuals burdened by debt may discover a fresh start through Chapter 11 bankruptcy. Often referred to as reorganization bankruptcy, Chapter 11 allows businesses to remain operational while the owner and creditors restructure the debts, enabling the business to regain profitability. However, maintaining a business’s operations isn’t the only reason to contemplate Chapter…
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There are several significant advantages to a Consumer Proposal. One key benefit is that it provides a clear path to a fresh financial start, free from debt, while allowing you to keep most or all of your assets. This makes it a potentially more attractive option than both Bankruptcy and informal debt solutions. If you’re…
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Nearly half of Canadians are just $200 away from being unable to cover their monthly financial commitments. In today’s economic climate, even a minor unexpected expense could lead to debt — leaving you to consider your next steps. If you’re in debt but want to protect certain assets and are concerned about the long-term financial…
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When considering financial recovery options, many clients ask, “Debt consolidation vs bankruptcy which is better?” Each approach offers a pathway to financial relief, but they come with significant differences. Debt consolidation can lower your interest rate, making it easier to manage your total debt. On the other hand, bankruptcy might erase your debts, but it…
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