How does Canadian Insolvency Work The Bankruptcy Insolvency Act (BIA) provides two remedies to settling debt through either bankruptcy or consumer proposal and each has pros and cons. Regardless of which one a consumer (or business chooses) the unsecured debts are dealt with and within 24 hours there is a stay of proceedings where creditors … Continue reading Bankruptcy Versus Consumer Proposal – Kootenays, BC
If you take some time to browse www.4pillars.ca you will notice that we proudly claim to possess a 97% success rate with all our restructuring programs. This number isn’t an accident. It’s the result of a commitment and concerted effort to counter the average success rate within the debt restructuring industry which unfortunately rests at … Continue reading The Reasons 4 Pillars Has a 97% Success Rate
Despite what you may have heard, there are a lot more proven and legal ways to reduce large amounts of debt than simply filing bankruptcy. In fact, our analysis of over 3000 Canadian families struggling with high levels of household debt (average of $51, 394 household debt with 9 creditors) shows that while many Canadians first … Continue reading Debt Help Canada – 8 Proven Ways out of Debt Every Canadian Should Know
This post is by Bob Osborne, from our 4 Pillars Kootenays office. You can read his bio and find out about his debt consolidation services for Castlegar, Nelson, Cranbrook, Trail, and Grandforks here. I was playing with my phone –Galaxy 4 – I am no techy by the longest stretch of the imagination when I come across … Continue reading Get out of debt: practical advice from a professional
This article is by Paul Murphy, our VP and financial literacy expert with 15+ years of investment and banking industry experience. If you’ve ever floated a balance on a credit card, you’ve likely asked yourself: how does credit card interest work in Canada?
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