Tag Archives: bankruptcy

How to Decide if You’re Ready to Declare Bankruptcy

By Doug Hoyes, Founder and Trustee, Hoyes, Michalos & Associates You have debts, so you are considering the obvious permanent legal solution: Declaring bankruptcy or filing a consumer proposal. All of your debts will be eliminated, and you can get…

Supreme Court Restricts Bankruptcy Attorneys Ability to Advise Clients

The US Supreme Court has ruled that bankruptcy attorneys can no longer advise clients to incur additional debt because they are contemplating bankruptcy. The controversy arose out of a 2005 law that bars debt relief agencies from advising clients to…

High Court Considers Restrictions on Attorneys Giving Bankruptcy Advice

Marcia Coyle, The National Law Journal In a constitutional challenge involving a Minnesota law firm, the U.S. Supreme Court on Tuesday seemed troubled by a federal restriction on legal advice to potential bankruptcy clients, but less concerned about the requirement that…