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Nobody likes to think of a business bankruptcy because in their eyes it means that they have failed in their business endeavors. This may not necessarily be true as there are many business owners that have put their heart and soul into their company, and totally dedicated all of their time into their business and…
Many individuals have found themselves in a situation where they have had to go bankrupt. There can be many reasons that have led them to this situation but most often during the pre-bankruptcy experience their credit rating has been dramatically affected. Unfortunately as bad credit begins to accumulate on the credit report it can be…
When it comes tax time there are many individuals who dread it, but not because they have to complete their tax return, but because they owe money. Many people worry about not only current tax debts but those from previous years. Often individuals who accumulated tax debt have other financial problems that have got…
There are a lot of people that literally feel like they are being swallowed up by their debt. This may include money owed to the CRA, or maybe it doesn’t, but most commonly it does include credit card debt. No matter who the debtor is if you are behind in payments, they want their…
There are times when some individuals become so debt ridden which includes a large debt to the CRA that they feel they have no other option but to claim bankruptcy. This is a serious decision and not one that should be made out of panic, or without thoroughly researching other possible solutions. One thing…
