EmpireOne

No one wants to file bankruptcy, but sometimes it’s outside of your control. Understanding the causes of filing for bankruptcy and how it happens may help you prevent it from happening to you or at least help you recognize the signs so you can get the necessary help to stop it. The Top 6 Causes […]

If you’re falling behind on your bills, you might be insolvent and not know it. Talking to a certified credit counsellor can help you determine your situation and what options you might have. Not being able to pay your bills and falling behind is scary, but with the right steps and support, you can get […]

Filing for bankruptcy can give you the fresh start you need if you’re in over your head in debt, but there are things you must NOT do before filing bankruptcy to avoid ruining your chances of approval and/or putting assets at risk that would otherwise be protected. If you make any of the mistakes below, […]

If the pandemic taught us anything, it’s that we must be prepared for anything. In the blink of an eye life can change and if you don’t have an emergency fund, you could find yourself in financial distress. If you’d like to find ways to avoid personal bankruptcy or falling behind on your bills, you […]

If you’re in over your head in debt, you may wonder what you should do. Falling behind on your payments worsens your credit score and makes it hard to get ahead. Fortunately, there are Canadian debt relief options available. Two of the most common debt relief options for Canadians are the consumer proposal and bankruptcy. […]

Bankruptcy in Canada is an alternative many people turn to when overwhelmed with debt and feel like there are no other options available.  Before you consider bankruptcy, it is important to know that there may be other ways for you to manage your debt. Your options may include debt consolidation, debt management, or a consumer […]

Avoiding bankruptcy is best accomplished when you understand the reasons why most people file for it in the first place. Usually, it will take several of these situations happening all together which forces someone into bankruptcy. Poor Budgeting and Spending Habits.  As you might expect, living above one’s means is a contributing factor in many […]

Filing bankruptcy should be a last resort, to be used only if all other options won’t work for you. How can you avoid bankruptcy? Here are four options: Debt consolidation. This is an option if you have good credit, or if you have a friend or family member is willing to co-sign a debt consolidation […]

Bankruptcy might sound scary but often the fear of bankruptcy is brought on by misconceptions and myths. The first step is to consider your options. Which is where we come in. Here are some key benefits of filing bankruptcy: You will be released from your debts that you owe, with certain exceptions such as alimony […]

For most people filing bankruptcy in Canada should be a last resort, and to be used only if all other options won’t work for you. Here are three options to consider avoiding filing bankruptcy: Stop using the credit cards Cut the cards up, stop the bleeding, and don’t go and get more debt. Borrowing money […]