Your former spouse declares bankruptcy and you're afraid of the consequences? What happens to his or her obligation to pay you support? You have chosen to declare personal bankruptcy and are wondering if you should continue to pay support? N.Séguin, a licensed trustee in [...]
The debt ratio is the calculation used to determine your ability to make a reliable repayment when you apply for a loan. Your financial institution will decide whether or not to grant you a loan based on this calculation. Whether you are looking to finance [...]
What is the debt ratio calculation? The ratio, or debt rate, represents the fraction of your income which is used only for the repayment of debts, loans or credits. As a general rule, it is recommended to keep your debt ratio below 33% of your [...]
Your business is experiencing difficulties and you want to find out how to know if a business is bankrupt? Asking yourself the question is already a sign that something is wrong. Fortunately, that doesn't mean you have to declare commercial bankruptcy. Even if [...]
When you’re ready to declare bankruptcy, it’s normal to worry about the cost of a personal bankruptcy. The consequences of a personal bankruptcy are many, but the money question worries us most. Being already in debt, personal bankruptcy is what we hope, a recourse [...]