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Doug Thode

Can I really reduce my debt by 80%?

The short answer is probably.  There are only 2 legal alternatives for reducing your debt in Canada.  The first alternative is bankruptcy. The second alternative is a Consumer Proposal, which is a legally binding agreement between you and your creditors.  A Consumer Proposal can only be prepared, filed and administered…

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Windfalls During Bankruptcy

When we approach bankruptcy as a potential solution for clients, it is with a clear picture of their financial situation and the knowledge that their best option is to clear their debts through the process.  So, what happens if one’s circumstances change before the bankruptcy is discharged? Many people assume…

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CAIRP: Increase in Bankruptcies Predicted

Mounting Pressure on Debtors, as ‘Insolvency Time Lag’, Ease of Credit and Stigma of Bankruptcy Keep Consumer Insolvency Rates Stable An increase in bankruptcies and insolvencies is predicted within the next year: Canadian Association of Insolvency and Restructuring Professionals TORONTO – (November 16, 2018) – Low interest rates and access…

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