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.
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.
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.
Has the CRA charged you with interest or penalties? Learn about financial situations that qualify for waived charges, how to file for the CRA Taxpayer Relief Program and what to do if you aren’t approved.
An increasing number of seniors in Canada are carrying large amounts of debts into their retirement. We explore what this means and what you can do if you are struggling to pay down your debts.
Are you unable to make full payments towards your bills, and creating more debt each month? Find out if you could be eligible for Canadian debt forgiveness and what steps you need to take to move forward.
Did you know it takes the average post-secondary student more than 10 years to repay their student debt? One in six insolvencies in Canada involved someone looking for student debt forgiveness. Why? Because after years... Read more »
Student loans are only automatically discharged when you file bankruptcy in Canada if you have ceased to be a student for more than seven years at the time you file. However, there are cases in which... Read more »
Not everyone facing a debt problem needs to file a consumer proposal or turn to bankruptcy. There are ways you can negotiate your way out of debt. The key is to do so carefully, making... Read more »
Before you decide on a debt relief solution in Ontario, make sure you understand the implications of each. While every option has its own benefits in terms of interest savings and cost, each one also... Read more »
For the first time ever, the federal government has issued a scathing report, saying that it appears that debt consulting firms are taking advantage of vulnerable consumers. They charge large up front fees, but in... Read more »
As I blogged about last week, the Office of the Superintendent of Bankruptcy has released a review of consumer proposals involving debt consultants. I’ll start with an important reminder: a consumer proposal is a legal... Read more »
In a previous article, we compared the cost of 4 different debt relief programs and determined that in most cases a consumer proposal offers the lowest possible monthly payment, significantly better even than a debt... Read more »
It can be hard to know who to turn to when you are dealing with Canada Revenue Agency and you need tax debt help. Some situations are relatively simple and can be resolved on your... Read more »
Now that the Ontario government has restricted debt advisors from charging up-front fees before completing a settlement with creditors, many debt relief companies are switching their business tactics. What they now offer is so called... Read more »
Debt Relief Experts
