Blog

THE BLOG OF YOUR FIRM OF AUTHORIZED INSOLVENCY TRUSTEES (FORMERLY KNOWN AS BANKRUPTCY TRUSTEES SINCE THE 1950S)

The blog articles of our Gatineau accounting firm present you with concrete advice on managing your personal or professional finances. For example, you will find information on credit, debt risk and business failures. We regularly add new articles.

Sep 9

IN WHAT SITUATIONS CAN A DEBT CONSOLIDATION BE REFUSED?

If you're dealing with debt, consolidation can be a smart way to get you out of trouble. However, in some cases, you may not be eligible...

Jul 17

7 SIGNS IT’S TIME TO MEET WITH A LICENSED INSOLVENCY TRUSTEE

Accruing debt is a normal part of adulthood. From mortgage and car loans to credit cards and emergency loans, not all debt is bad to...

Mar 22

Debt discharge: everything you need to know

Having your debts discharged is essential if you’re facing financial difficulties and want to regain stability. More precisely, it’s the...

Dec 21, 2023

CAN I GET A LOAN AFTER BANKRUPTCY?

Bankruptcy can be a financially tumultuous time. However, it’s important to know that it doesn’t mean you can never borrow money again....

Oct 13, 2023

CAN YOU MEET WITH A LICENSED INSOLVENCY TRUSTEE BEFORE BEING IN OVER-INDEBTEDNESS?

Are you worried about your debt and wondering if it’s possible to speak with a bankruptcy trustee even if your situation isn’t dire?...

Oct 13, 2023

WHAT’S THE DIFFERENCE BETWEEN A BAILIFF AND A LICENSED INSOLVENCY TRUSTEE?

In Canada, both bailiffs and licensed insolvency trustees play important roles in the legal and financial landscape. However, their roles...

Sep 4, 2023

HOW LONG DOES A CONSUMER PROPOSAL LAST?

Are you considering filing a consumer proposal as a means to resolve your debt problems? A licensed insolvency trustee at Bernier &...

Sep 4, 2023

WHY SHOULD YOU CONSULT A LICENSED INSOLVENCY TRUSTEE BEFORE ACCEPTING THE ESTATE OF A DECEASED PERSO

One of your loved ones passed away and you inherited or became liquidator to an insolvent estate, meaning that the debts exceed the...

Sep 4, 2023

HOW TO AVOID DEBT IN RETIREMENT

Insolvency can affect anyone at any age, and retired people are no exception. In fact, the average amount of debt among retired people...

Sep 4, 2023

WHAT TO DO IF YOUR CONSUMER PROPOSAL IS CANCELLED

Did you make a consumer proposal to try and settle your debt but made late monthly payments three times, thereby resulting in it being...

Sep 4, 2023

WHY YOU SHOULD CONSOLIDATE YOUR DEBTS

Have you accumulated a significant amount of debt? Are you having trouble making your monthly payments? If so, debt consolidation could...

Sep 4, 2023

CAN I REPAY MY CONSUMER PROPOSAL SOONER THAN EXPECTED?

Did you recently file a consumer proposal, or are you considering doing so now? Are you wondering whether it’s possible to pay off the...

Mar 1, 2023

WHAT ARE THE STEPS IN COMMERCIAL BANKRUPTCY?

Running a business involves many risks and challenges. If your business is in a precarious financial position and restructuring won’t get...

Dec 1, 2022

CAN A STUDENT LOAN BE INCLUDED IN A BANKRUPTCY OR CONSUMER PROPOSAL?

High tuition fees, combined with financial obligations while you study and transition into work, can leave you burdened with significant...

Aug 5, 2022

IS MY SPOUSE AT RISK OF HAVING TO PAY MY DEBTS?

Are you considering taking steps to eliminate some of your debt but are worried about how that might impact your spouse? At Bernier &...

Nov 10, 2021

HOW DOES BANKRUPTCY AFFECT YOUR CREDIT SCORE?

At Bernier & Associates in Ottawa, our team of licensed insolvency trustees (LITs) belong to the Canadian Association of Insolvency and...