Consumer Alert—Debt Help, Tips and Traps
In the fall the Office of the Superintendent of Bankruptcy and the Canadian Association of Insolvency and Restructuring Professionals teamed up to issue a Consumer Alert
For whatever reason or circumstance, debt happens to many of us. Consider these articles in respect to your current and future financial plans.
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Many people who file for bankruptcy get to stay in their home.
2
In Newfoundland and Labrador, you can keep your RRSPs – even if you file for bankruptcy.
3
Many people who file for bankruptcy are able to keep their vehicle.
4
Most bankruptcies are NOT published in the newspaper.
5
Student loans can be included in a bankruptcy if they are more than seven (7) years old.
6
A consumer proposal is an alternative to bankruptcy that can only be filed with a licensed trustee in bankruptcy.
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