Bankruptcy Assistance Professionals

September 08, 2014

A Consumer proposal is an agreement prepared with your Trustee to offer a settlement (i.e. less than full payment) to your creditors, when you are unable to afford your regular monthly debt payments.  The filing of a Proposal stops all legal actions undertaken or contemplated by your unsecured creditors. It also creates ‘breathing room’...

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June 10, 2014

Most people don’t realize that income tax debts are unsecured debts in both Proposals and Bankruptcy proceedings.  In fact, income tax debt owing right up to the filing of the Proposal or Bankruptcy are included.  For example, if someone is self-employed and files Bankruptcy March 31, 2013, then the Trustee files a “Pre-Bankruptcy” Tax...

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