Divorce and Bankruptcy Law in Canada

Posted in Personal Bankruptcy

Family law and bankruptcy law frequently overlap and the effect can be quite complicated. Our bankruptcy fact sheet on divorce and bankruptcy will answer some key questions you may have however it is always important that you talk to your bankruptcy trustee about your specific situation. Click on the image below for a printable PDF […]

Opening a New Bank Account For A Bankruptcy or Consumer Proposal

Posted in Personal Bankruptcy
Posted by Rebecca Martyn, CPA, CGA, CIRP - LIT

Whenever I meet with someone to discuss filing bankruptcy or consumer proposal one of the questions I ask is, “do you bank where you owe money?”. If the answer is yes, I strongly advise that they open a new bank account before going bankrupt or filing a consumer proposal, at a bank where they have never done […]

Tips For Rebuilding Credit After Bankruptcy

Posted in Credit Repair

The purpose of a bankruptcy or consumer proposal is to eliminate most or all of your debts so that you can focus on creating positive and lasting financial habits to avoid incurring more debt in the future. Part of this process includes rebuilding your credit. Don't rush to gain credit following your bankruptcy, instead, focus on working with […]

9 Ways To Tell You Have A Debt Problem (Or Soon Will)

Posted in Debt Help

Debt problems come in many shapes and sizes but severe debt problems often bring with them many common warning signs. Today's tip sheet is a quick list of 9 of the most common flags that you may have more debt than you can handle. If any of these signs apply to you, it might be […]

5 Tips For Dealing With Collection Agencies

Posted in Debt Help
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

It's important to know how to talk to debt collectors when they call about an outstanding debt. If you are receiving calls from collection agencies, you need an action plan for what you are going to do and say. The first step is to ask yourself how bad is it? Are they calling for a debt […]

8 Reasons Why You Should Work With A Licensed Bankruptcy Trustee

Posted in Bankruptcy Trustee
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Choosing a debt advisor is an important step in your overall debt recovery. There are a lot of different types of debt consultants in Ontario ranging from federally licensed Bankruptcy Trustees and accredited not-for profit credit counsellors to for profit debt consultants. Who you choose to work with is as important as choosing the right […]

7 Facts About Your Credit Rating

Posted in Credit Repair

Your credit rating is a score assigned to you that indicates your ability to fulfill your financial obligations, based on your credit history. After bankruptcy, your credit rating is poor, but it is possible to improve it. These tips can help:

10 Facts You Need to Know About Bankruptcy

Posted in Personal Bankruptcy

Before you file bankruptcy, you'll need to know what you're getting into. Here are some important items you need to be aware of before you consider bankruptcy as a debt resolution option. If you're ready to explore your options, schedule a no-charge meeting with one of our trustees so we can sit down with you and […]