4 Stages of A Consumer Proposal


Posted in Consumer Proposals

If you are wondering how a consumer proposal works, our infographic makes the process easy to understand by looking at the 4 stages of a proposal:

Stage 1: Assessment & Payment Plan
Stage 2: Filing & Voting
Stage 3: Making Payments
Stage 4: Completion & Credit Repair

Nov 13, 2014

Consumer Alert – Higher Charges on Credit Cards


Consumer Proposal Debt Option
Posted in In The News
Posted by Ted Michalos, BA, CPA - TRUSTEE

Yesterday, I received a notice in the mail advising that TD was making changes to their credit card accounts.  I assumed they were lowering interest rates since the Bank of Canada just reduced prime and most people in the financial industry think the Bank will be lowering them again in the near future. Nope. The […]

Jan 29, 2015

Debts Discharged in Bankruptcy: Infographic


Posted in Personal Bankruptcy

The goal of claiming bankruptcy is to receive your bankruptcy discharge. This is the step that legally releases you from the obligation to repay debts included in your bankruptcy. But what debts are covered by bankruptcy? Our infographic provides a handy guide to which debts will actually be eliminated by filing personal bankruptcy and which […]

Jan 29, 2015

Credit Reports, Credit Scores & Rebuilding For The Future


J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CPA, CIRP, CBV - TRUSTEE

Credit reports and credit scores weigh heavily on the minds of consumers, especially when they need to borrow money for a house or a car or may need to file bankruptcy or a consumer proposal. Former lending professional Eric Putnam, Managing Director of Debt Coach Canada explains how credit reports work and how to rebuild poor credit.

Jan 24, 2015

Show #21 - Full Transcript - How Credit Reports Work


J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CPA, CIRP, CBV - TRUSTEE

Full transcript from our podcast Credit Reports, Credit Scores & Rebuilding For The Future [Start of recorded material]  [00:00:00] Doug H:            Welcome to Debt Free in 30, the show where every week we talk to industry experts about debt, money and personal finance. I’m Doug Hoyes. Today we’ve got a great show for you because […]

Jan 24, 2015

The Five Stages of Dealing With Debt


Howard Hayes, Licensed Bankruptcy Trustee Cambridge and Brantford Ontario
Posted in Debt Help
Posted by Howard Hayes, Btec, CIRP - TRUSTEE

Dealing with debt follows a pattern, with each step along the way part of the process. Bankruptcy trustee Howard Hayes explains the 5 steps most people face. Stage One – The Denial Long before you file a bankruptcy, you spend countless hours wondering what you’re going to do to stay on top of the debt load that’s […]

Jan 22, 2015

Creditors Calling At Home and Work: A Brantford Case Study


Posted in Success Stories

Download Brantford Bankruptcy Case Study PDF Sammy (not her real name) was able to achieve her dream job. Her mother had worked as a nurse in Brantford and she had grown up always wanting to follow in her mother’s footsteps. After completing her studies nine years ago, she was happy to work in a job […]

Jan 20, 2015

Stop The Collection Calls: Advice From Blair Demarco-Wettlaufer


J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CPA, CIRP, CBV - TRUSTEE

Blair Demarco-Wettlaufer, a Managing Partner for Kingston Data and Credit, a Canadian debt collection agency gives us the ins-and-outs of the collection world, including the typical life of a debt once it has gone to a collection agency and what your options are for dealing with collection calls.

Jan 17, 2015

Show #20 - Full Transcript - Collection Agencies with Blair Demarco-Wettlaufer


J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CPA, CIRP, CBV - TRUSTEE

Full Transcript for our Debt Free in 30 podcast, Stop the Collection Calls: Advice From Blair Demarco-Wettlaufer. Doug H:            Welcome to Debt Free in 30 where every week we talk to industry experts about debt, money, and personal finance. Let’s play a word association game. Let’s pretend that you have debts and you’re behind on your […]

Jan 17, 2015

Reducing Personal Debt. What's the Trick?


Scott Schaefer, Licensed Bankruptcy Trustee Kitchener Ontario
Posted in Debt Help
Posted by Scott Schaefer, CPA, CIRP - TRUSTEE

Are you carrying personal debt such as credit cards and lines of credit and just cannot pay it down? What is the trick to reducing debt? It’s a simple trick - you need to be paying it off faster than it accumulates. It sounds simple, but it’s hard to do.  The following are a few […]

Jan 15, 2015

Clean Up Your Debt Mess


J. Douglas Hoyes, Bankruptcy Trustee Ontario
Posted in Debt Free In 30
Posted by J. Douglas Hoyes, CPA, CIRP, CBV - TRUSTEE

On this weeks segment, I was joined by Gail Vaz-Oxlade to look at practical strategies for dealing with debt and what people need to do to clean up a big debt mess. On the second part of our segment I talk with Ted Michalos about consumer proposals and why they are a beneficial debt solution.

Jan 10, 2015