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Some of the more common
BANKRUPTCY MYTHS:
ONLY IRRESPONSIBLE PEOPLE FILE FOR BANKRUPTCY…
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In fact, the top causes of bankruptcy in Canada
are job loss, divorce, and medical problems.
BANKRUPTCY IS A QUICK FIX TO GET RID OF ALL DEBTS…
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A bankruptcy does not eliminate all debts. You may also be required to make surplus income payments to your
trustee to help repay debts.
PEOPLE WHO FILE BANKRUPTCY LOSE EVERYTHING…
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There are many assets you are allowed to keep. Depending which province you live in, you may even
be able to keep your home.
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Bankruptcy records are public, however, it is highly unlikely
anyone will find out unless you choose to tell them.
CREDIT IS DAMAGED BEYOND REPAIR AFTER BANKRUPTCY…
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A bankruptcy is no longer listed on your credit report after approximately seven years.
In the end, bankruptcy myths are often far worse than reality.
GET THE FACTS.
They will give you the support and advice you need. Together you can find THE BEST SOLUTION TO YOUR DEBT PROBLEMS.
CLICK HERE TO MAKE AN APPOINTMENT REQUEST
CALL US NOW.
It’s FREE and completely CONFIDENTIAL.
CALL TOLL FREE NUMBER1-800-463-8371
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