A consumer proposal in Vancouver is an effective debt solution for those struggling to pay off the full amounts of the money they owe to creditors, in their currently allotted timeframe. As long as the debt accumulated is under $250,000 without including a mortgage from a primary home, individuals are eligible for this option. A ..read more

Filing for bankruptcy is a challenging decision filled with uncertainty. One of the most daunting aspects of this process is the fear of who might discover this deeply personal financial situation. This guide is designed to explore the pressing question: “Who will know if I file for bankruptcy in Vancouver or Surrey? Crowe MacKay & ..read more

During bankruptcy, protecting your assets and preventing personal property loss is essential. Understanding your options can help safeguard your belongings from creditors. Crowe MacKay & Company’s Licensed Insolvency Trustees have outlined various strategies that will help you protect your assets. Options to Protect Against Property Loss During Bankruptcy Protection within the Bankruptcy and Insolvency Act ..read more

Understanding Consumer Proposals A consumer proposal is a legal agreement in Canada filed through a Licensed Insolvency Trustee. This approach is for individuals overwhelmed by debt, allowing them to repay a fraction of what they owe over time. It’s a step short of bankruptcy and can be a lifeline for those struggling with unmanageable debt ..read more

On average, Canadians between 45 and 54 years old are in more debt than other age groups, with an average debt of $130,100. Although some debts are reasonable, such as mortgages, being in debt could be better. In some situations, debt becomes difficult, and you may struggle to meet ends. If you’re in this situation, you ..read more

Canadians hold 185% debt as a ratio to disposable income these days. Much of this is spread between several loans and credit cards. Hence, people often investigate debt consolidation to solve their money problems. It is one of many ways to handle any significant debt that may have built up over time, but what are the ..read more

When faced with serious financial trouble, personal bankruptcy is one of the options you can pursue to help deal with your debt. Consult with a Licensed Insolvency Trustee at Crowe MacKay & Company to review the best debt solution in Vancouver for you. Personal bankruptcy is typically a voluntary decision. Upon filing an assignment into bankruptcy, any assets you ..read more

If your debt has become unmanageable, you need a solution. Personal bankruptcy is one way to get debt relief. But how do you know if you are eligible to file for bankruptcy, and what steps do you need to take to file for bankruptcy in BC? Vancouver bankruptcy consultants at Crowe MacKay & Company prepared ..read more

For those with the most severe financial worries, the path ahead will offer two signposts: consumer proposals or bankruptcy. While these are both legal events, they provide different escape routes to debt stress. In this article, Crowe MacKay & Company’s Licensed Insolvency Trustees outline the basics of a consumer proposal. This lesser-known debt tool can be a ..read more