If you have
significant other unsecured debts, you may need the protection and debt relief available through a Licensed Insolvency Trustee.
Not exact matches
Online lenders provide not only the most convenient
unsecured loans in the financial sector, they also offer the lowest rates, due to low company overhead and stiff online competition with
other financial institutions that market their products on the Internet, both of which can add up to
significant savings for you over the term of your new loan.
A
significant amount of this debt might be for student loans and in some instances
other types of
unsecured consumer debt — primarily credit card debt.
While the CRA does have
significant collection powers compared to
other creditors when it comes to a consumer proposal or personal bankruptcy, taxes are generally dischargeable debts (i.e. they go away upon completion of the procedure) just like your credit card debts, bank loans, or
other unsecured debts.