Chase & Associates
Bankruptcy is a life-changing decision. And despite the common stigma, it can often improve your financial future for the better. When completed with professional support, Bankruptcy is an ideal way to earn a fresh start.In Canada, the Bankruptcy process is governed by the federal Bankruptcy and Insolvency Act (BIA). Understanding...
Tax season can be a stressful time for many Canadians, especially if you find yourself facing an income tax bill that you can’t afford to pay. The Canada Revenue Agency (CRA) has strict deadlines and rules, and falling behind can result in interest and penalties that make the situation even...
Here on the west coast of Canada, we all understand what a rainy day looks like. In fact, you could say we understand a rainy week pretty well. The saying of saving for a rainy day has never been more appropriate. In the journey toward financial stability and peace of...
As a Licensed Insolvency Trustee office, we regularly meet with people and are witness to the overall strain created by too much debt.Debt can be a heavy burden, weighing down on your relationships, mental health, and overall well-being. If you're in British Columbia (BC) and struggling with a debt problem,...
In the realm of business, few challenges are as daunting as facing financial instability, especially for small business owners who have poured their hearts and souls into their ventures. Bankruptcy, while a difficult reality, is not the end of the road. Instead, it can be a stepping stone towards a...
Although at first glance this may seem like a dry topic, we feel it is important to highlight the framework that the insolvency system operates in. These federal laws and rules are important in the operation of a modern economy so that there is both relief for the honest but...
In the modern world, credit cards have become an integral part of our financial landscape, offering convenience and flexibility. However, if not managed wisely, credit card debt can quickly spiral out of control, leading to a cycle of late payments, high interest rates, and an overwhelming burden of personal and...
As we embark on a new year, it’s a great time to review your finances and consider ways that you could improve. Sometimes this is referred to as goal setting or financial planning. Whatever you might want to call it, periodically looking at your finances is important in order to...
Obtaining an absolute discharge from Bankruptcy is a big deal in Canada when you're dealing with money troubles. It's like hitting the restart button and getting a chance to fix things. We'll break down this process, keeping it simple and easy to understand. There are several different possible types of...
Are you curious about why some Canadians are declaring Bankruptcy? It's essential to remember that Bankruptcy isn't the end of the road; it can be a fresh start on your financial journey. Let's explore the top reasons why Canadians declare Bankruptcy, what leads to it, and how to get back...