Our knowledgeable team of Licensed Insolvency Trustees provide information and expert advice to help you on your way to becoming debt free. Our blog includes podcasts, videos, articles, case studies and Industry Insights about consumer proposals and bankruptcy in Ontario as well as personal finance, credit rebuilding and other money management tips for anyone looking to get out of, or stay out of, debt.
Many people struggle to repay their student debt even years after graduating due to inconsistent income or lack of gainful employment. Falling behind on student loan payments is not uncommon but it should be dealt with, especially if your loans are now in collection. We explain what creditors can do and how to get relief.
If you're overwhelmed with debt, this post will help you decide whether you should file a bankruptcy or deal with your debts via a debt management plan by reviewing key questions, as you would in a real debt assessment with a Licensed Insolvency Trustee. Learn which debt relief option is right for you.
Although Canadians managed to pay off record unsecured debt in the pandemic, recent trends point to a return of financial instability for many indebted households. In our year-end review, Doug Hoyes examines 10 debt statistics that explain what happened with consumer debt in 2021 and what's to come.
This is yet another case of an individual struggling with debt, told to pay exorbitant fees to a debt settlement firm to deal with their debts. This time, the company was GEM Debt Law. We review the terms of the contract and explain why these debt consultants should be avoided.
Ideally, in your 40s, you want to prepare for your transition into retirement. But being burdened with debt at this age can hold you back from building any meaningful wealth. Luckily, there are debt relief options available to help you take control of your future.
We know it can be stressful when you're unable to make your credit card payments. In this post, we help you understand the potential consequences if you fall behind on your credit card debt, as well as, options for eliminating debt.
Struggling with debt? Go directly to a Licensed Insolvency Trustee. Unlicensed debt consultants like York Credit Services will charge you extra fees just for a referral to an LIT. Here's a real story of someone who was scammed into paying an extra $800 for nothing.
There is a common misconception that when you file for bankruptcy in Canada, you lose everything. But that's not true. In this post we outline exempt and non-exempt assets in a bankruptcy and how a consumer proposal actually allows you to keep everything.
Ever wanted a budgeting plan where you get to spend guilt-free? Look no further than zero-based budgeting, where every dollar is accounted for so you can rest knowing your money is well-managed.
Struggling to pay your mortgage or have you already fallen behind? Don't worry, you have options available, including refinancing problem debt, selling your home, or filing a consumer proposal to get rid of unsecured debt to allow for more comfortable payment of your mortgage.
If you are considering divorce and carrying a lot of debt, it's important to be strategic with your finances. This post explains what happens to your marital assets, joint debts, and whether you should file an individual or joint bankruptcy or proposal before or after a divorce filing.
If you decide you want to file for bankruptcy, that doesn't necessarily mean you can stop making debt payments. It'll depend on the debt and when you plan to file. Also, some debts can't be included in a bankruptcy. Learn which debts you can and can't stop paying before filing.
Ideally, by age 30, you hope to have financial security and the ability to build wealth. But it's hard when you have student loans and other debts consuming your monthly income. Learn how an insolvency filing can give you a financial do-over so you can start reaching personal milestones sooner.
If you're carrying multiple high-interest debts like credit cards and loans, this detailed guide will help you understand whether you should consolidate debt or do a debt settlement to achieve debt relief.
Most people worry that bankruptcy is their only option for eliminating debt. Luckily, that's not the case. We review 5 alternatives to bankruptcy for dealing with overwhelming debt.
Debt Relief Experts
