Tired of Being Harassed by Credit Card Debt Collectors? How to Eliminate Credit Card Debt Legally

In next few minutes I’m going to show you why non-payment of credit card debt you cannot afford to pay is not as bad as it sounds. Hi, my name is Mel Thompson. A few years ago I owed $63,000 in credit card debt I could not afford to pay. I was forced to find […]

Continue Reading...

Can the consumer debtor get a loan after bankruptcy?

The answer is “yes”. Once the consumer debtor is discharged from bankruptcy, the consumer debtor is released from all provable debts in bankruptcy. That is, all the claims of creditors are released or discharged except for those that survive bankruptcy. Only those claims relating to fines and penalties, alimony, maintenance or support, fraud or misrepresentation survive […]

Continue Reading...

Improving Your Credit Score with Existing Debt | Your Money, Your Choices with Susan Daley

Do you know your credit score? When it comes to adulting, a good credit score is the key to entering the grown-up kingdom. It can affect all sorts of things like landing a job, getting an apartment, home insurance premiums, rates for mortgages, car loans, lines of credit, and even getting a cell phone plan […]

Continue Reading...

Student Loans and Bankruptcy and Insolvency Act

Persons declaring Bankruptcy are governed under the Bankruptcy and Insolvency Act, RSC 1985 (“BIA”). The purpose of BIA is to provide a fresh start to honest debtors by discharging their liabilities, pre-existing their respective Bankruptcy. However, the BIA also prevents individuals from taking advantage of the Bankruptcy system by absolving themselves of an obligation or […]

Continue Reading...

What’s The Minimum Debt Before You Can Declare Bankruptcy? Can My Bankruptcy Be Cancelled?

What is the minimum debt before you can declare bankruptcy and can I have my bankruptcy cancelled? Yes, you could only file for a voluntary bankruptcy if your total debts owing are over one thousand dollars and be unable to pay your debts A creditor will not force you into bankruptcy unless the debt owed […]

Continue Reading...