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Showing posts from October, 2021

WHAT DOES BANKRUPTCY DISCHARGED MEAN FOR 1 BANKRUPTCY TRUSTEE AND SOMEONE WHO IS SERIOUSLY BANKRUPT?

  We hope that you and your family are safe, healthy and secure during this COVID-19 pandemic. Ira Smith Trustee & Receiver Inc. is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting. What does bankruptcy discharged mean:  Restrictions placed on undischarged bankrupts By enabling debtors to file an assignment in bankruptcy or consumer proposal , the Bankruptcy and Insolvency Act ( BIA ) provides relief to an honest but unfortunate debtor.  Garnishment of wages (other than marital support) ceases, legal actions and collection calls cease, and the debtor receives some breathing space.  If a bankrupt fails to fulfill his or her obligations, what happens?  Can they receive a discharge from bankruptcy ? This Brandon Blog examines a recent case from Nova Scotia dealing with what does bankruptcy discharged  mean for both a bankrupt person and for the licensed insolvency trus...

What Does Bankruptcy Discharged Mean For A Bankruptcy Trustee And Someone Who Is Bankrupt?

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FIGHT FOMO-RELATED DEBT: FOLLOW OUR STEPS TO FINANCIAL RECOVERY

We hope that you and your family are safe, healthy and secure during this  COVID-19 pandemic . Ira Smith Trustee & Receiver Inc. is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting. If you would prefer to listen to the audio version of this Brandon Blog, please scroll to the very bottom of the page and click play on the podcast. Why is FOMO a thing? Are you experiencing FOMO right now? In the modern-day, FOMO , or fear of missing out, is a significant stressor in people’s lives.  You’re wondering how you are going to make it through life at such a fast pace. Social media posts constantly tell you what your friends are doing, what you should do with your life, and what to buy. People suffering from FOMO have lost track of what’s important in life, and you have lost track of what you want to accomplish. If you want to keep your mind (and your bank account) and financial situation healthy, t...

Fight FOMO-related debt

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THE RISING COST OF LIVING IN TORONTO AND ELSEWHERE: WILL YOU BE PUSHED INTO HUGE DEBT?

We hope that you and your family are safe, healthy and secure during this  COVID-19 pandemic . Ira Smith Trustee & Receiver Inc. is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting. Cost of living in Toronto and elsewhere:  Canada’s rising annual inflation rate is a cost-of-living crisis Two articles about living costs for Canadians were published this week.  According to a recent Angus Reid poll , many Canadians’ quality of life is further diminishing as more debt is accumulated and the pandemic continues.  Then Statistics Canada announced that the annual inflation rate reached its highest level since February 2003 in September. When you hear the term “cost of living “, it’s often accompanied by the phrase “rise” or “have risen”. Recent data shows that Canada as a whole has experienced an increase in the cost of living .  In this Brandon Blog, I describe how the rising c...

The Rising Cost Of Living In Toronto

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BANKRUPTCY AND INSOLVENCY ACT OF CANADA TR1ES TO GIVE EVERYONE UNDENIABLE EQUITABLE TREATMENT

We hope that you and your family are safe, healthy and secure during this  COVID-19 pandemic . Ira Smith Trustee & Receiver Inc. is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting. If you would prefer to listen to the audio version of this Brandon Blog, please scroll to the very bottom and click play on the podcast. bankruptcy and insolvency act of canada What is the purpose of the Bankruptcy & Insolvency Act of Canada? With all the talk of the economy, supply chain problems and the uncertainty of the future these days, it’s no wonder that many people aren’t sure how they will end up when things become “normal” again. For Canadian people and businesses with too much debt, an insolvency proceeding under the Bankruptcy and Insolvency Act of Canada might just be the answer to getting back to a healthy stress-free life.  Notwithstanding that using this federal statute can be a very eff...