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.
Indebted Canadians pay at least $24 million a year for what is often unnecessary debt advice. How does this happen? Well, when you have overwhelming debt, you’re not just thinking about the money. There’s also... Read more »
A frozen bank account is one of the remedies available to creditors to collect an outstanding debt when you are behind on your payments. If your account is frozen, you will not be able to... Read more »
Being injured or in an accident can have broad reaching financial implications. In addition to the costs of care, you can lose income if you are off work and may incur additional legal costs. Finding... Read more »
Welcome to our Hoyes Michalos Debt Free Digest where we round up personal finance topics from around the web to help you live, and remain, debt free. November is Financial Literacy Month. In the spirit... Read more »
This year marks the 8th Financial Literacy Month in Canada, which begs the question: has our financial literacy improved in eight years? Total household debt is at record highs while personal savings rates are at... Read more »
It is not uncommon for someone who has filed a consumer proposal or bankruptcy to wish to return to school to complete their studies or retrain. If you’ve filed an insolvency proceeding, whether a bankruptcy... Read more »
Whether you are about to start your post-secondary education, start a family, or are headed for retirement, debt problems can happen at any age. While the average person who files for bankruptcy in Canada is... Read more »
For more than 20 years, FACS Niagara has been supporting the Niagara community with a wide variety of services: Child protection – ensuring the safety of those most at risk from abuse or neglect Programming... Read more »
Being in debt to the Canada Revenue Agency can be unnerving. The CRA has strong collection powers so it’s important to know what you can do if you have received any form of notification as... Read more »
Yes, we’ve had years of relatively low and stable interest rates in Canada, but no more. On October 24, 2018, the Bank of Canada increased its benchmark interest rates another 25bp to 1.75%, the fifth... Read more »
If you owe a debt in Canada, but live elsewhere in the world, should you ignore past due Canadian debts you can’t afford to pay, or can you file bankruptcy in Canada when living abroad?... Read more »
It’s very important that everyone has access to nutritious food. The North End Harvest Market (NEHM) in Guelph achieves just that. Every Wednesday evening, the Market is open from 6:00pm to 7:30pm, allowing low income... Read more »
Most people we help with debt have been struggling unnecessarily with debt repayment for months, if not years. Running on the debt treadmill is a financial hardship no-one needs to endure. When you can’t afford... Read more »
The use of computer technology to manage money continues to explode across the financial services industry. Enter the robo-planner. The question is can an online computer platform help answer common financial questions like should you... Read more »
Welcome to our Hoyes Michalos Debt Free Digest where we round up personal finance topics from around the web to help you live, and remain, debt free. With social media often showcasing only the best... Read more »
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