Our knowledgeable team of Licensed Insolvency Trustees provide information and expert advice to help you on your way to becoming debt free. Our extensive debt help resource centre includes articles, videos, and podcasts on how to get out of debt including commonly asked questions about consumer proposals, bankruptcy, and debt consolidation options. Become informed about credit rebuilding and other money management tips as you search for a solution to your debt problems.
A consumer proposal eliminates your obligation to pay back unsecured debt. But what happens to your cosigner? Learn how cosigned debt is treated in a consumer proposal or bankruptcy.
Category: Consumer Proposals
A creditor’s meeting in a bankruptcy is rare, but it is still important to know what they entail if it happens to you. This blog offers an easy-to-understand explanation of typical creditor’s meetings.
Category: Bankruptcy Process
Did you know there are two types of proposals in Canada? Learn more about what a consumer proposal and a Division I proposal means for you and your creditors, and which may be the best choice for you.
Category: Consumer Proposals
Mortgage brokers or agents filing for insolvency may be able to keep their job titles. Find out reasons why a license would be revoked in a bankruptcy and how a consumer proposal can affect you license.
Category: Bankruptcy Basics
How your creditors vote is one of the most common concerns clients have in a consumer proposal. We explain, in simple terms, how voting works in a proposal and when a consumer proposal is approved.
Category: Consumer Proposals
Getting a debt consolidation loan to pay off debt seems like a simple solution, but it may not be. In this detailed guide, we explain everything you need to know before applying for a consolidation loan.
Category: Loans & Borrowing
Do you own a joint asset with an individual who is declaring bankruptcy? Find out the impact that bankruptcy has on jointly owned homes, vehicles, and bank accounts, and what you can do.
Category: Assets & Property
If you are in a position of trust or dealing with money, find out how filing a bankruptcy or consumer proposal can affect a formal appointment as director, executor or your ability to be bonded.
Category: Consumer Proposals
Are you considering filing for a consumer proposal and are curious about what makes the contract legal? We’ll show you what makes a proposal legally binding and what say your creditors have in the process.
Category: Consumer Proposals
It's possible to stave off bankruptcy or choose better debt relief alternatives. Doug Hoyes explains how you can deal with debt on your own, and what other alternatives you have if you have too much debt.
Category: Bankruptcy Alternatives
Has the Canada Revenue Agency issued a legal notice to you called a Requirement to Pay? Find out what to do if this happens to you and what you need to know as the taxpayer.
Category: Creditor Actions
Are you considering credit counselling to help you manage large amounts of unpaid debt? Doug Hoyes explains affordability, alternatives and additional consequences of this type of program.
Category: Bankruptcy Alternatives
Companies can be very creative with scamming individuals looking for loan, especially those with poor credit. Learn about advance fee loans and how to identify, avoid, and report loan scams.
Category: Loans & Borrowing
Have you fallen into the payday loan trap, and are now struggling to pay them back? Find out why credit counselling may not be the best solution to deal with payday loans and what a better option is.
Category: Bankruptcy Alternatives
Financial struggles can occur in any situation, even those with certified designations. Find out if a bankruptcy or consumer proposal impacts your professional license, from Lawyers to Medical Doctors.
Category: Bankruptcy Basics
Are you a medical doctor in Canada and experiencing overwhelming financial hardship? Will you still be able to practise and what debt relief options are best for you? Ted Michalos explains.
Category: Bankruptcy Basics
If you are filing for insolvency in Ontario and you are a real estate agent, you have specific notification requirements to your board. Find out what circumstances can result in a revoked licence.
Category: Bankruptcy Basics
What difference does filing for bankruptcy or a consumer proposal have on your ability to practice law? If you're a lawyer facing debt problems here's what you need to know before choosing.
Category: Bankruptcy Basics
If you are filing for insolvency in Ontario as a human resource professional you need to notify the Registrar’s office immediately by law. Find out what situations can result in suspension of privileges.
Category: Bankruptcy Basics
Chartered Professional Accountants can have debt issues, but what happens when they file for insolvency? Find out the steps you need to take as a CPA filing insolvency and if you can keep your designation.
Category: Bankruptcy Basics
As a certified financial planner in Canada, you are obligated to disclose if you filed for insolvency. In this blog, learn about everything you need to know to navigate this situation.
Category: Bankruptcy Basics
