Separating couples have a lot to sort out. One of the issues that is on the table when a couple decides the marriage has come to an end is the division of property. But it can get a little tricky [...read full post]
Categorized: Bankruptcy, Division of Property, Pensions, Property Division.
Tags: Division Of Property.
When is Filing a Consumer Proposal the Best Option for Dealing with Debt?
Guest Post – Gareth Slocombe, CIRP, CPA-CA, Trustee
Separating spouses may experience debt problems due to numerous reasons:
- Long term stress in a relationship;
- Difficult family situation
[...read full post] Categorized: Bankruptcy, Debt, Divorce.
Tags: Debt, Divorce, relationships, separation.
Guest Post – Gareth Slocombe, CIRP, CPA-CA, Trustee
With household debt said to be at record levels in Canada, financial stress frequently accompanies separation and divorce. In the interest of providing you with some timely information on debt and options [...read full post]
Categorized: Bankruptcy, Debt.
Tags: credit card, Debt, family law, seperation.
It is important to understand that once someone declares bankruptcy, all his or her rights to bring on claims in court with regard to property vest in the Trustee of that bankruptcy. Section 30(1)(d) of the Bankruptcy and Insolvency Act, [...read full post]
Categorized: Bankruptcy, Case Analysis, Legislation Analysis.