Debt Relief Experts
Top Tips to Help You Create Your First Budget
A budget can be the key to long-term financial success. We show you the steps to creating a realistic first budget which includes your future money goals.
Ontario Bankruptcy Blog
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.
How Long Can a Collection Agency Collect on a Debt in Canada?
If your unpaid debts have been turned over to a collection agency we explain what you need to know about how long collection agencies can pursue debt in Canada, both legally and with those annoying phone calls.
How Long Does Negative Information Affect Your Credit Report?
A credit report outlines your unique financial history. Find out what information may be damaging to your report, how long it affects your credit and how to make improvements to your credit moving forward.
Can You File Bankruptcy on Debts Not Due?
It can be difficult to understand how unpaid debts will be dealt with in a bankruptcy or consumer proposal. This blog discusses contingent and future debts that may be eligible for claiming during either process.
Why You Should Not Pay a Collection Agency
Paying a collection agency can leave a bad mark on your credit report longer. We explore three reasons why you should not pay a collection agency and what alternatives you may have to deal with unpaid debts.
7 Reasons Why Budgets Fail and How You Can Succeed
It’s common for people to have a tough time implementing and sticking to a budget. In this blog, we share some of the most prevalent budget “fails” and helpful tips to help you achieve your budget goals.
Trust Advisory Service Contract Review – What Is This?
Use a Licensed Insolvency Trustee if you need help to deal with your debts via consumer proposal. Trust Advisory Service cannot provide these services and charge unnecessary fees. Learn more about it here.
Why File Bankruptcy in Your 20s?
About 1 in 6 people who file a bankruptcy or consumer proposal are between the ages of 18-29. This blog outlines what kinds of debt leads to severe financial distress for younger individuals, and what you can do about it.
What Not To Do Before Declaring Bankruptcy
Filing for bankruptcy is a legal process, and thus what you do before filing is subject to review. Read about specific actions to avoid entirely before declaring bankruptcy and helpful tips to follow before you file.
Legal Actions Creditors Can Take If You Don’t Pay
If you don’t make your payments on time your creditors will take action to collect. Will they sue? Can they take your assets? Learn about creditors rights and what options you have if creditors are calling.
Who Can File a Consumer Proposal?
There are both legal and practical requirements an individual must meet to be eligible to file a consumer proposal. If you are struggling with debt repayment, find out if you should explore a consumer proposal further.
Needs vs Wants: Create a Budget That Balances Both
The key to creating a sustainable budget is balance and flexibility. In this blog, learn about what defines a need and a want, and how to use the 50-30-20 rule to create a budget that will work for you.
Compare Debt Management Plan vs Debt Settlement
You can opt for a debt management plan or debt settlement if you are struggling with unpaid debts. Learn about the advantages and disadvantages for both, and which may be best suited for you.
CRA Collection Letters for CERB Ineligibility & Repayment – UPDATED
What are your options if CRA says you were ineligible and must repay CERB, CRB or other pandemic related benefits? Can you file a bankruptcy or proposal if you can't afford to pay back CERB? Doug Hoyes explains.
How Does Debt Relief Work?
Not being able to meet payments on time and accruing debt can be stressful and overwhelming, but it is possible to achieve a fresh financial start. Read our step-by-step guide on how debt relief programs work in Canada.