Debt Relief Experts
Top Five Things To Do With Your Tax Refund
A tax refund can be a sizeable windfall. In this post we outline the top five ways to spend your refund wisely. We also explain why getting an instant tax refund may not be worth the fees.
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.
What Happens If You Can’t Pay Your CEBA Loan?
If you own a business and had to borrow the Canada Emergency Business Account (CEBA) loan during the COVID-19 pandemic, but are now struggling to repay, what are your options? Doug Hoyes explains how CEBA loan forgiveness works in this post.
Can You Cancel a Consumer Proposal?
A consumer proposal is a debt settlement plan. But what if you change your mind after filing? How do you withdraw a proposal and what does a cancelled proposal mean for your debts and credit report? Maureen Parent explains in this post.
Top 10 Debt Statistics For 2022 and What’s Ahead for Consumer Insolvencies
Consumer insolvencies are on the rise again. In this year-end analysis, Doug Hoyes examines the affordability of consumer debt and changes in household credit patterns to explain why he thinks we'll keep seeing double-digit consumer insolvency growth increases into 2023.
What Happens If Your Finances Change After Filing a Consumer Proposal?
Let's say you're in the middle of a consumer proposal plan and your financial situation changes, like you gain an inheritance, win the lottery, or get a big bonus from work, or if you become unemployed - what's the impact on your proposal? Maureen Parent explains in this post.
Homeowners Not Filing Insolvency Despite Rate Hikes – Why Not?
Many homeowners have expressed that they are facing financial hardship as a result of record interest rate hikes. So why are homeowner bankruptcy rates so low? Doug Hoyes explains the cycle in this post and when he expects homeowner insolvencies to rise.
Why Does The Court Have To Approve A Consumer Proposal?
Yes, the courts are involved in a consumer proposal - but only to an extent. In this post, we explain how exactly the courts are involved in a proposal, what a court approval means and whether you will have to go to court.
Dealing with Debt When Living Paycheque to Paycheque
If you're in a cycle of debt, you know that inflation hasn't been helping your budget. In this post, we show you how to manage your monthly budget to successfully get out of debt. We also explain other way to achieve debt relief.
Denied a Consolidation Loan? What To Do Next
If you were hoping to pay down debt through a consolidation loan but were denied, fear not. In this post, we explain the common reasons why your lender may not have approved a debt consolidation and outline your debt relief alternatives.
Consumer Proposal Laws in Canada
You may already know that a consumer proposal can help you eliminate debt. In this post we explain the top laws and rules that come with a proposal filing so you have a better understanding of the process.
Can Your Bank Help You with Your Debt?
One option for dealing with your debt is to talk to your bank first. In this post, we outline the ways in which your bank may help you get out of debt, tips for how to approach them when asking for help, and what you can do if your bank refuses to provide debt relief.
Disadvantages of Consumer Proposals. Are They Bad?
A consumer proposal is a great way to eliminate problem debt. But, it does come with some disadvantages. The good news is, the benefits often outweigh the downsides. We explain more in this post.
What Happens If Your Consumer Proposal Is Annulled?
If you face an income loss, fall behind on proposal payments and the proposal becomes annulled, what are your options? We explain what a proposal annulment means for your debts, how to revive your proposal, and how to prevent a proposal annulment in the first place.
What Percentage Should I Offer To Settle Debt?
You may be overwhelmed by debt and considering a debt settlement. In this post, we walk you through how to determine an affordable offer, the dos and don'ts of settling with your creditors, how to reduce debt by up to 80% and when working with an LIT is the right option.
Consumer Proposal Examples, Client Experiences, Reviews and Stories
We explore six unique debt case studies to show you just how a consumer proposal can help you eliminate debt and regain financial freedom.