As part of your preparations for bankruptcy, you should talk to your trustee about bankruptcy exempt items. These items are exempt from asset turnover as mandated by legislation set forth by the Office of the Superintendent of Bankruptcy. Here is a primer on bankruptcy exempt items for Edmonton filers: What Exactly Is An Exemption? An [...]
A study by the Financial Consumer Agency of Canada on the country’s Credit Card Consolidation Company industry a few years back showed exponential growth in the industry. This surge has the FCAC considering the possibility of increased cases of consumer fraud in Edmonton, much like it has happened in many parts of the United States. [...]
Edmonton residents who have fallen behind in their tax payments may be able to resolve this problem with a tax debt settlement offer. This offer, which one extends to the Canada Revenue Agency, may be accomplished in a couple of ways. The first method is through direct contact with the CRA, after which you can [...]
It’s true that Alberta bankruptcy trustees have a hand in helping to relieve individuals from financial strain with the debt resolution an Edmonton bankruptcy filing can bring. However, even those considering filing for bankruptcy in the near future may not know exactly what such a financial expert can and cannot do for them. Here is [...]
Canada bankruptcy exemption law helps the filer to recuperate from the effects of a bankruptcy filing and start anew on the road to financial recovery. Filers should know what these laws are and apply their findings to their own preparations for bankruptcy proceedings and the eventual impact of a bankruptcy declaration. However, many who have [...]