Filing bankruptcy in Canada can be confusing. These 8 steps will make it simple and explain everything you need to know. You probably already know the basics of bankruptcy in Canada. You know that it severely affects your credit rating. You may also know that you might get to keep a few assets … Continue reading How to File Bankruptcy in Canada – Begin With These 8 Steps
Debt restructuring is the process by which a significant portion, usually 60-80% is extinguished while the remainder gets paid off over a period of up to 5 years interest-free. It is principally a method to avoid bankruptcy. Creditors like it because they get something in return on what they have lent out. In comparison, a bankrupt … Continue reading What does it mean to restructure debt?
When faced with bankruptcy, a family in Ontario wanted to know their options. Here are the 6 steps we recommended, reducing their debt from $57K down to $15K. The bankruptcy situation The financial hardship began when Sara (name changed for privacy) became sick and took a leave of absence from her work. She was away from work for 6 … Continue reading 6 Steps a Family in Ontario Took to Avoid Filing Bankruptcy
One of the biggest obstacles for people to overcome in dealing with their debt is the fear that others may find out you have experienced a financial crisis. As in the article “I am embarrassed by my debt “ by Trevor Glasser overwhelming debt can be not only embarrassing but debilitating and destructive to your … Continue reading The Fear of Dealing with a Financial Crisis
“Nothing good had happened to me for months until the pair from 4 Pillars came into my life. One of the first things they said to me after reviewing my financials was that I should not go bankrupt and I wasn’t going to lose my condo.” The debt situation Ryan, age 50, (name changed for … Continue reading How 4 Pillars Saved a Local Business Owner from Bankruptcy and 200K in Debt
"The stress and worries are over. We are living again."
Actual client testimonial. Name removed to protect privacy.
