Monthly Archives: May 2016

Steer Clear of These Bankruptcy Myths

The lack of awareness among people regarding bankruptcy and its process creates greater problems for them in the future. It is therefore essential that you know what you are getting yourself into before filing for it. There are also a number of myths attached to bankruptcy that most of us unconsciously believe. Below mentioned are […]

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What Is the Difference Between Division 1 Proposal and Consumer Proposal?

A Consumer Proposal and a Division 1 Proposal are two different types of proposals as stated in the Bankruptcy Insolvency Act (BIA). While both the proposals can be availed by Canadians, but there are some differences in the two which might give one precedence over the other.  Consumer Proposal and Division 1 proposal: Before we […]

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