In addition to munching on plants, voles can cause considerable damage by gnawing the bark off trees and shrubs, girdling the trunks or roots and eventually killing the plant. Their irregular, patchy gnaw-marks can be seen near ground or snow level, particularly during the winter.
Filing bankruptcy means a person or business has availed themselves of Canadaâs bankruptcy laws in order to obtain protection from their creditors and relief from their unsecured debts. When a person files for bankruptcy they are said to be bankrupt or âin bankruptcyâ. If you file for bankruptcy something called your bankrupt estate is created. Think of this as bag filled with all of your unsecured debts (credit cards, loans, lines of credit, income taxes, etc, etc). While you remain âin bankruptcyâ you still own the bag, but you donât have to make any payments on the debts.
Filing bankruptcy has been called the nuclear option when it comes to personal finances, because it creates dramatic and far-reaching effects. However, while the word bankruptcy still carries a stigma in some circles, in many cases it is the right financial move. If you're overwhelmed by debt and have no feasible option to get out, bankruptcy might actually be the right answer for you. On the downside, there are no free rides when it comes to bankruptcy.