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Vancouver Bankruptcy

28 Jul Vancouver Island Debt Relief

Posted at 20:11h in Blog, Debt by Derek L. Chase, CPA, CA, LIT

If you are living on Vancouver Island you have much to be thankful for. For that matter, anywhere along the west coast of BC is a wonderful spot. That can...

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Understanding the Bankruptcy Mediation Process

22 Jun Understanding the Bankruptcy Mediation Process

Posted at 19:17h in Bankruptcy, Blog by Shirley Tomyn

One of the options for obtaining relief from your debts is to file for Bankruptcy protection. This can sometimes be the most practical option when a consolidation loan or a...

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filing income tax return in Canada during bankruptcy

14 Jun How Your Income Tax Return Is Filed During Bankruptcy

Posted at 08:22h in Bankruptcy, Blog, Debt by Len Hiquebran, CPA, CA, LIT

With another tax year in the books, I have recently noticed an increase in questions relating to personal income tax returns. I thought to myself “What a perfect topic for...

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BC Bankruptcy Exemptions

20 May BC Bankruptcy Exemptions: Will I Lose Everything if I File for Bankruptcy?

Posted at 19:58h in Bankruptcy, Blog by Shirley Tomyn

One of the misconceptions about filing for personal Bankruptcy is that a person thinks that they may lose valuable assets. In fact, the stated intent of the Federal legislation is...

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Statute of Limitations BC

07 May Is There a Statute of Limitations in BC?

Posted at 08:30h in Blog, Debt by D. Elinor Warner

If you have a long-outstanding debt that you have been unable to pay and you haven’t been in contact with the creditor for some time, you may be wondering: Is...

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CRA Has Frozen My Bank Account

18 Mar Canada Revenue Agency Has Frozen My Bank Account… What Do I Do?

Posted at 20:16h in Blog, Debt by Derek L. Chase, CPA, CA, LIT

Canada Revenue Agency (CRA) has a very heavy hand when it comes to collecting on income taxes which can include seizing your bank account. This is usually the last resort,...

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Consumer Proposal Vs. Bankruptcy - Which is Best?

15 Feb Consumer Proposal vs Bankruptcy – Which Is Best?

Posted at 11:56h in Bankruptcy, Blog, Consumer Proposal by Derek L. Chase, CPA, CA, LIT

When someone contacts us to find a solution to their debt problems we are required to gain an understanding of their financial situation. We refer to this free and confidential...

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financial counselling

18 Jan Financial Counselling is Available

Posted at 15:40h in Blog, Money Management by Shirley Tomyn

Many people struggle managing their monthly budget and could benefit from receiving financial counselling. Or in other words, a money coach. Financial counselling, sometimes called credit counselling, is available at...

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What Happens to My House If I Declare Bankruptcy

21 Dec What Happens to My House If I Declare Bankruptcy?

Posted at 01:40h in Bankruptcy, Blog by Derek L. Chase, CPA, CA, LIT

If you are having money troubles and find it difficult to pay your credit card debts, line of credit, car loans, AND mortgage you are not alone. Homeownership is expensive....

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Will anyone know if I declare bankruptcy?

04 Dec Will Anyone Know If I Declare Bankruptcy?

Posted at 22:07h in Bankruptcy, Blog by Derek L. Chase, CPA, CA, LIT

In our role as Licensed Insolvency Trustees, we meet with lots of people. More than you might think. On several occasions, a comment has been made about how difficult it...

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