Even the best financial minds in Ontario can sometimes find themselves experiencing fiscal difficulties. Unexpected life changes cannot be prevented or even fully prepared for. When they occur, they may quickly send things in a difficult direction. However, debt relief options exist, including bankruptcy, which could be key in providing an individual facing strained circumstances with a fresh financial start.
When considerable assets have accumulated, considering options for protecting one's wealth is important. Individuals and businesses have a number of options to safeguard certain assets from creditors and other monetary judgements. These methods may protect assets in the event that the debtor later becomes insolvent.