Financial hardships can creep up at any time. Job loss, family issues, poor budgeting or an investment that isn’t performing to the level you had hoped, can bring into your life the unforgiving burden of too much debt. Cheques start to bounce and credit cards get declined whilst the bills continue to pile up. For […]
Only some assets are protected in bankruptcy! A bankrupt can keep the following assets up to the following limits: Car $7,350 A bankrupt cannot own a car worth more than $7,350. If your car is worth more than this amount, your Bankruptcy Trustee will be able to sell the car, or you will need to […]
Step 5 – Understand the Restrictions of Becoming Bankrupt adobe creative suite You should fully understand the restrictions which bankruptcy may place on your life before declaring yourself bankrupt. If you can avoid bankruptcy by entering into a Debt Agreement or a Personal Insolvency Agreement, you may be able to avoid some of these restrictions […]
Be careful not to inadvertently commit an offence whilst you are bankrupt. Committing an offence whilst you are bankrupt could lead to your bankruptcy being extended for up to 5 or 8 years and in some cases can lead to a prison sentence and/or a fine. Listed below are some offences described in the Bankruptcy […]
adobe cs6 trial download If you are thinking about personal bankruptcy you are probably feeling stressed due to the pressure you are getting from your creditors constantly calling and sending overdue letters or demands. If you are feeling stressed with the constant barrage of phone calls and letters from creditors chasing and demanding payment and […]
Have you tried to consolidate your debts but you have been refused a debt consolidation loan due to your bad credit history? If your debts have become too difficult to manage and you feel that you have lost control then you may wish to consider a formal debt solution. Let us explain more about your […]
Being in debt can be a difficult period for anyone. Constantly receiving harrassing phone calls and letters coupled with the feeling of helplessness you can feel when you do not know how or when you will be able to keep making repayments is stressful and depressing. If you have a mortgage and a family this […]
For many, bankruptcy is a final resort that should only be contemplated when all other options have been properly considered and investigated. If you want to avoid bankruptcy, follow these steps: Step 1 The first thing that must be done if you want to avoid formal bankruptcy is to determine if you are financially insolvent […]
