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.
A bankruptcy is the greatest indicator of risk in a credit report, and so has the most serious and long lasting impact on your ability to obtain new credit. Therefore, filing for bankruptcy should always be a last resort. The two most common types of bankruptcy are Chapter 13 and Chapter 7. In a Chapter 7 bankruptcy, you do not repay any of the debt owed, and the bankruptcy listing remains on the credit report for ten years from the date it is filed. Under Chapter 13 bankruptcy, you are responsible for paying back a portion of the debts that you owe through a debt repayment plan.