Topic: Corporate Bankruptcy

Do I have to meet my Creditors?

Creditors Meeting

Only if a meeting is requested by the creditors or court. If a meeting is called, the trustee will discuss your assets and liabilities. At some point, the creditors may ask you questions related to your financial difficulties. The creditors then vote and may give directions to the trustee regarding administration.

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Will Bankruptcy affect my Citizenship process?

Canada Flag

No. Filing bankruptcy is not a crime. It is not considered failure in fulfilling your legal civic duties. It is a perfectly legal way to deal with overwhelming debt. It will not disrupt your citizenship process or put your bid for citizenship at risk, so long as you abide by all bankruptcy laws truthfully and honestly.  Citizenship …

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Vancouver Gambling & Casinos

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These articles may interest individuals wanting to know more about Bankruptcy, Gambling and Casinos: 1. Bankruptcy lawyer condemns proposed casino expansion in the Vancouver Observer. vancouverobserver.com/casino/ 2. Goss, Ernie and Morse, Edward A. 2005. The Impact of Casino Gambling on Individual Bankruptcy Rates from 1990 to 2002.  Creighton University. creighton.edu 3. Gerda and the Scottish Centre for …

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Secured Debt and Unsecured Debt

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A secured debt is a debt secured by some collateral (an interest given by a debtor to a creditor in return for a loan). The largest secured debt in many people’s lives is the mortgage loan for their house, and the second largest is their car loan. If you fall behind on your agreed-upon payments, a secured creditor has the …

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