Bankruptcy: Filing Personal Bankruptcy for Canadians
- ISBN-10
- 1980500231
- ISBN-13
- 9781980500230
- Series
- Bankruptcy
- Pages
- 51
- Language
- English
- Published
- 2018-03-07
- Author
- Raymond McKinney
Description
The Ultimate Guide to Personal Bankruptcy in Canada How Does Personal Bankruptcy Work in Canada? Bankruptcy practitioner Raymond L. McKinney has taken his years of experience helping people go through consumer bankruptcy and written a complete guide for Canadians considering going bankrupt. This brief, easy to read book takes you through every step of the bankruptcy process without any legalese. McKinney gives you a solid background not just in bankruptcy, but also alternatives. When you have financial problems it can seem like everything is falling down around you. You may be getting frequent calls from creditors about late bills. You may hate going to your mailbox. You may be losing sleep because you are worried about the mounting bills and your limited ability to pay your debts. For many people bankruptcy is the best way out of their financial problems. It stops all creditor harassment. Bankruptcy gives you a chance to make important changes in the way you handle your finances. It also gives you a fresh financial start. If you are interested in this book, you probably already know you are in over your head with financial problems. There are many myths and misunderstandings floating around about the bankruptcy process. This has made some people afraid to even consider bankruptcy. This book will guide you through the bankruptcy process and explain the advantages and disadvantages of your different options. Bankruptcy is not an overly technical area of law. Unlike many other areas of law, in Canada consumer bankruptcy has been designed to be accessible to the people who most need its protection. Federal law governs bankruptcy. The Bankruptcy and Insolvency Act (BIA) sets most of the rules that govern your bankruptcy will be handled. Each of the provinces also has some laws that will impact how some of your assets are handled. Inside this guide you will discover: What Is Bankruptcy? What are the Advantages & Disadvantages of Bankruptcy? What Assets You Lose & What Assets You Keep in Bankruptcy What Happens to Your Home and Car Preserving Assets Through Buy Back Options What Happens to Secured Creditors, Preferred Creditors, & Unsecured Creditors? What are Crown Claims? What Debts Survive Bankruptcy What Happens to Your Income during Bankruptcy? How Much is Paid to the Trustee What Happens with Child Support and Spousal Support What Happens with Gifts, Inheritances, & Lottery Winnings Lawsuits, Judgments, & Liens Garnishments & Debt Collection Maintaining A Business Your Spouse Getting Your Bankruptcy Started What Information You Need Costs of Bankruptcy Your Duties in Bankruptcy What You Cannot Do During the Bankruptcy Credit Counseling Income Tax Returns What Happens If You Forget a Creditor? How Long Will You Be Bankrupt? The Discharge Process Rebuilding Your Credit Buying a Home after Bankruptcy Consumer Proposals Debt Consolidation And Much More Each chapter guides you through the various legal issues of a bankruptcy. Common questions are answered. If you are thinking about bankruptcy you need this book. It will answer your questions about bankruptcy and will make sure you are prepared when you start the process. This book can help you increase your confidence, and give you peace of mind. Don''t Wait Another Second. Get Your Copy of Bankruptcy: Filing Personal Bankruptcy for Canadians Right Now.
