I put my life and savings into my incorporated business and it failed.  Now the tax Agency says I owe for something called Director Liability? I have no money or assets to pay such a debt…what can I do? This is a fairly common scenario.  Simply stated, Director’s Liability is the liability that can be […]

Yes, most amounts owed by you to Canada Revenue Agency (CRA) and various tax authorities can be included in your consumer proposal. The starting point of your consumer proposal (or an assignment in bankruptcy) is when you make a full disclosure of the totality of your debts.

I How did I get here? If only I had a nickel for each time that I was asked that question. Financial problems are something that just seems to creep up on people and until some crisis hits, nobody seems to notice the signs along the way. One such sign is the accumulation of credit […]

According to the Merriam-Webster Dictionary, a Trustee is defined as “a natural or legal person to whom property is legally committed to be administered for the benefit of a beneficiary”. A  Licensed Insolvency Trustee is licenced by the federal government to resolve a person’s financial difficulty and administer their assets for the benefit of their […]