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editor's blog

Collection of lights - all turned on

As we progress into fall and move towards winter, the daylight hours become fewer. Many of you may recall hearing an adult in the household say, “turn the lights off when you are not using them!”. This probably does not carry much urgency unless you are the one paying BC Hydro. Every light left on unnecessarily, and every thermostat turned up just a little bit higher, represents an extra expense that no one needs. While this still might not seem like a big deal, it is a controllable factor that can help a household balance the budget.

Importance of Getting a Discharge - Derek Chase

Making the decision to get protection from your creditors by way of a federally regulated consumer proposal or bankruptcy filing is a big step. The stated goal is to provide the honest but unfortunate person a fresh start with their finances.

In reality, that decision starts you on a pathway to a better place financially that must be walked day by day over a period of time. The end of that pathway is signified by a Certificate of Discharge in a bankruptcy filing or a Certificate of Full Performance in a consumer proposal.

Woman holding change

According to Federal Government statistics, consumer proposals continue to grow in popularity across the country as a practical way for an overburdened individual to obtain relief from unsecured creditors. In fact, the amount of consumer proposals filed on an annual basis has eclipsed the number of personal bankruptcies filed! Why would this be? What is so good about a consumer proposal? Let’s look at some of the top reasons, in no particular order: