Last blog added on Saturday, June 8th, 2024

Information About Personal Bankruptcy Blog

Recent Posts

Below is a preview of the five most recent posts from the blog Personal Bankruptcy Blog. To read these posts in their entirely or subscribe to future updates from this blog, please visit their website!

  • Canada Emergency Business Account (CEBA) Loan Repayment & Forgiveness

    The Canada Emergency Business Account (CEBA) is a government-backed program designed to assist Canadian businesses during the COVID-19 pandemic which ran from April 9, 2020, to June 30, 2021. CEBA offered nearly 900,000 small businesses and not-for-profit organizations interest free, partially forgi … Read more »

  • Not Filing Your Tax Returns Because You’re Afraid Of CRA Tax Debt?

    If you’re thinking about not filing your taxes because you’re afraid you owe the government money, this is not going to solve your problem. Instead, it’s likely to create new problems, and more tax debt. Even if you can’t afford to pay your tax debt, filing on time can help you avoid late penalties … Read more »

  • Consumer Proposal vs. Bankruptcy in Canada: What Is the Best Option for You?

    When you’re struggling with overwhelming debt, it’s important to understand the options available to you. One option is a Consumer Proposal, while another is Bankruptcy. Both can provide debt relief, but they have distinct processes and outcomes. The Bankruptcy and Insolvency Act (BIA) safeguards ev … Read more »

  • Do Canadian Banks Accept Consumer Proposals?

    Deep in debt but want to avoid filing for Bankruptcy? Have you considered a Consumer Proposal? A Consumer Proposal can help you avoid some of the more severe consequences of Bankruptcy, including the sale of assets and a seven-year stain on your credit score. However, in a Consumer Proposal, your cr … Read more »

  • Your Credit Score in Canada: What You Should Know

    Your credit score impacts a range of lending decisions, from whether you can secure a mortgage, car loan, or even an apartment rental. If a poor credit score is holding you back from achieving your financial goals, there are steps you can take to repair your credit. Keep reading to understand what m … Read more »