Debt Relief Experts
What Assets Can You Keep in a Consumer Proposal?
Did you know that if you file for a consumer proposal your assets are fully protected? We break all the information down for you, from how a proposal affects your home, vehicle and other investments.
Exemptions
How a Consumer Proposal in Canada Affects Secured Debt
Dealing with financial challenges often involves navigating through a web of debts, each with its own rules and consequences. Secured and unsecured debts pose different considerations, and understanding how a consumer proposal affects secured debt is crucial for anyone contemplating this debt relief option.
Exempt vs. Non-Exempt Assets in a Bankruptcy in Canada
There is a common misconception that when you file for bankruptcy in Canada, you lose everything. But that's not true. In this post we outline exempt and non-exempt assets in a bankruptcy and how a consumer proposal actually allows you to keep everything.
Should I Sell My Assets to Pay Off Debt?
Will selling your assets be the solution to your debt problems? What assets should you never liquidate to pay off debt? Doug Hoyes and Ted Michalos explain how to pay off debt and keep key assets.
Do I Lose My RDSP If I File Bankruptcy in Canada?
Bankruptcy law does not protect RDSPs but the courts have ruled that they are exempt assets. Learn what this means for your registered disability savings and your bankruptcy.
RRSP, Registered Savings Accounts and Bankruptcy Laws
How does filing for a bankruptcy affect different registered financial accounts? Here is our comprehensive guide on how RRSPs, RRIFs, RDSPs, DPSPs, TFSAs, RESPs and others are treated in a bankruptcy.
Will Bankruptcy Affect Shared Ownership in a Cottage?
Are you or someone you know filing bankruptcy and they have a share in a family cottage? Learn about how shared real estate is dealt with in a bankruptcy and other options you may have.
Ontario Bankruptcy Exemptions: Assets You Can Keep
Will you lose everything if you file for bankruptcy in Ontario? We explain what assets you keep by law, what you may lose and an alternative option you may have so you can keep everything.
Ontario Bankruptcy Exemption Law Changes Protect Home Equity
Provincial legislation on how home equity is treated in a bankruptcy or proposal differs by province. We explain how much equity is exempt or protected from seizure, and when, under Ontario's Execution Act.
Time To Change The RESP Rules for Bankruptcy?
RESPs are considered an asset in a bankruptcy and are not exempt from seizure in all provinces. Doug Hoyes explains why it's time to change the federal law around RESPs and bankruptcy.
Personal Bankruptcy and Registered Education Saving Plans (RESP)
Learn about how filing for bankruptcy will affect money you may have set aside in an RESP savings and options you have to protect those funds for your children.