Sentences with phrase «than bankruptcy»

It is better than bankruptcy for your credit score and doesn't impact your ability to be a director of an incorporated business.

This is a 1 - 2 hour course designed to make the consumer aware of debt - relief options other than bankruptcy.

Some people ask why they would file a consumer proposal if it means paying more than bankruptcy.

Having a foreclosure on your credit report is often worse than a bankruptcy when your client tries to purchase another home.

Debt settlement turns out better with regard to your credit than bankruptcy.

Depending on the specifics of your case, it may turn out that your past health issue has more of an affect on your rate than your bankruptcy.

Since debt settlement's consequences are less severe than bankruptcy, it's often a preferable solution, especially when you're dealing with very few debts.

The credit impact in a proposal is easier than a bankruptcy, and one can rebuild credit in a few short years.

It is less formal than bankruptcy and may also avoid some of the legal restrictions which follow from being made bankrupt.

They also have a lot of information about other types of consumer debt solutions that may be a better fit for your unique financial situation than bankruptcy.

The state's personal bankruptcy rate in 2010 was 12 percent higher than the bankruptcy rate nationwide.

A consumer proposal has fewer required duties than bankruptcy.

It is better than bankruptcy because it does not damage a credit reputation since all creditors are repaid in full, and lifts the pressure because the repayment structure is easier.

What is more, the effect it has on a credit report is less damaging than bankruptcy since some of the debt is paid.

Legislative solutions, governed by federal law, typically come in the form of consumer proposals, which are now more commonly used than bankruptcy filings.

Q: Do I have to show that I've tried strategies other than bankruptcy in order to get a bankruptcy discharge?

We looked at possible proposal terms and it turned out that a Consumer Proposal was actually going to result in a smaller payment per month than a bankruptcy.

He also recommends credit card debt relief rather than bankruptcy.

And one of the conditions that's on a proposal is you're going to offer your creditors a better deal than a bankruptcy.

In the world of personal finance, credit concerns and debt issues, there is no single issue that is more misunderstood than bankruptcy.

A legal agreement for the repayment of unpaid debts that is less formal and intrusive than bankruptcy.

But there are more consumers who need help than bankruptcy lawyers with time to help them.

It does not collect credit history other than bankruptcy as it applies to lifestyle.

Mortgage lenders take foreclosure records seriously, and some credit counselors believe a foreclosure on your credit report looks even worse than a bankruptcy.

Although this option costs more than a bankruptcy, it may help reduce your feelings of guilt.

Debt consolidation usually has a more severe effect on your credit than bankruptcy, especially in the long term.

So, if you pay your proposal in full in two years, the note disappears from your credit report in five years, which is significantly better than a bankruptcy.

You have 4 debt solutions available to you other than bankruptcy to help you out.

Debt Settlement: Although less severe than bankruptcy, debt settlement may have a negative impact on your credit score.

The credit impact in a proposal is easier than a bankruptcy, and one can rebuild credit in a few short years.

It will be hard work to get out from under your debt, but it is a much more ideal situation than a bankruptcy.

Most will usually accept a reasonable offer, as it results in a more favourable outcome than the bankruptcy of their debtors.

There's no shame in asking; if the worst they can say is «no,» better to hear it from someone you trust than a bankruptcy judge denying discharge of your debts.

But few of those failures had a higher profile than the bankruptcy of Thornburg Mortgage in 2009.

There are far easier debt - relief solutions than bankruptcy available for people who are floundering financially, but have enough resources to right the ship.

it can be better than bankruptcy if you have enough income to trigger surplus income payments or have assets that you would like to keep like RESPs or some equity in your home;

When the proposal is complete, the debts are allocated an R7 credit rating for three more years (this is a better rating than a bankruptcy which you would receive an R9 credit rating for 6 years on debts written off).

My point is that, as a debtor, you'll get more out of the system than your bankruptcy judge, your bankruptcy lawyer, or anyone else who works in the bankruptcy system.

Licensed bankruptcy trustee Doug Hoyes, talks about why a consumer proposal is better than bankruptcy including what the key differences are between these two options available under the Bankruptcy and Insolvency Act in Canada.

If you are sure that you are going to stay in Canada, and you are definitely not going to have the means to repay this debt now or in the foreseeable future than a bankruptcy can be considered.

Foreclosure is balanced by healthy activity even sooner than bankruptcy, as foreclosure only involves a single account — the mortgage.

And now they've got a bunch of credit card debt at 18 to 22 % plus a consolidation loan that's been going on for four or five years and they find themselves pretty well strapped without too much of a solution other than bankruptcy at that point in time.

It could be that pastors, more authorities on the bible than bankruptcy codes, do not necessarily understand the dynamics of chapter 11 bankruptcy which, more often than not, results in an administrative reorganization and creation of a debt repayment schedule jointly agreed upon by the church, creditors and the courts.

A consumer proposal is different than a bankruptcy filing, because the note about filing bankruptcy in Canada remains on your credit report for six years from the date of discharge.

A Canadian Bankruptcy Trustee provides more than bankruptcy services.

A DMP is a less drastic form of debt relief than bankruptcy or debt settlement, which we'll outline and compare later.

Most states make it mandatory for insurance companies to have a high risk pool that will not discriminate against drivers for any reason, and there are variety of drivers in the pool other than bankruptcy filers.