Category: Bankruptcy

Life After Bankruptcy – A Tale of Two Debt Crisis Paths

  • March 5, 2024

Adam and Jay are two young men in the prime of their lives, raising families and working hard at their jobs in the manufacturing industry. They both make a similar wage which is average for their family size in Manitoba. They have each purchased home

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DIY Bankruptcy: Is It Possible to File Bankruptcy on Your Own?

  • January 25, 2024

With so many do-it-yourself sites on the Internet and shows on television, it doesn’t seem like much of a stretch to consider a do it yourself Bankruptcy. If you’ve wondered if you could handle the bankruptcy process on your own, the answer is no

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How a Consumer Proposal or Bankruptcy Can Help Prevent Eviction

  • September 27, 2023

Renters in Winnipeg and across Manitoba have faced significant financial strain in recent years. Between June 2022 and June 2023, the average rent for a one-bedroom unit in Winnipeg rose by 8.3%. This surge in housing costs has coincided with high in

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Can I File for Bankruptcy or a Consumer Proposal if I am on a Disability Income?

  • April 7, 2023

At LCTaylor Licensed Insolvency Trustees, we frequently hear from individuals whose lives have been impacted by illness, injury, or disability. The reality is that debt and disability often go hand in hand. Health challenges can limit your ability

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Should You Open a New Bank Account Before Filing for Bankruptcy or a Consumer Proposal?

  • March 4, 2023

Your bank account is the hub of your financial life. It’s where your paycheck lands and where your bills are paid—often automatically, without a second thought. If you’ve had the same account for years, the idea of switching banks may have neve

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