Debt Relief Experts
Do Senior Citizens Need to File Bankruptcy?
Senior citizens are experiencing more financial hardships now than ever and they are a rising percentage of Canadians filing insolvency. Our experts talk about options for seniors facing insolvency.
Consumer Proposal and Bankruptcy Blog | Debt Solution FAQs
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.
How Do I Get Out Of Debt Without Losing My Home?
Do you want to learn more about how insolvency can affect your home? This blog outlines Ontario’s exemption law on home equity, current mortgages, and strategies to plan your way out of debt while keeping your house.
How Car Loans and Car Loan Rollovers Lead to Insolvency
How you finance a car purchase can lead to financial problems. Find out how longer term car loans and rollovers are contributing to loan shortfalls and insolvency filings.
Emergency Fund Critical For Single Parents
Are you raising children in a single income household? We explore a case report from one of our clients in this situation and provide you with 5 steps to create a successful budget for your family.
What To Do When You Are Using Debt To Make Ends Meet
Have you turned to credit cards or payday loans to help with your monthly expenses? Explore the warning signs that you're falling into debt, how to re-balance your budget and options you have to deal with your debts.
Power of Attorney: Can I Deal With My Parents’ Debts?
Are you wondering how to go about helping your parents deal with their debts? In this blog, we explain what a power of attorney is, how they can help manage other’s finances, and explore two client stories.
25 Debt Consolidation Tips From Our Experts
The Licensed Insolvency Trustees on our team have noticed an upward trend on debt consolidation in Ontario. Before you make this decision, learn the 25 tips on debt consolidation we've curated from our experts.
Can You File Bankruptcy for U.S. Debts in Canada?
Are you a Canadian citizen that has debt accrued in the US that you can’t afford to make payments towards? Explore collections actions creditors can use and the US vs Canadian bankruptcy process.
Filing Bankruptcy to Avoid a Judgment or Lawsuit
Has a debt collector threatened you with a judgement or a lawsuit for your unpaid debts? Find out how these legal proceedings work, how insolvency can stop a judgment, and when is the right time to act.
What Happens to Air Miles Points if You Go Bankrupt?
Air miles points and other loyalty program points are considered your personal property. We explain what assets are included and exempt from a bankruptcy, and what happens to your loyalty points.
Mogo Loans: Are They A Good Deal?
Mogo was one of the first new-age fintech lenders to enter the Canadian market. We review what this ‘sexy’ approach to lending really means for consumers and offer practical advice on the cost of getting a Mogo loan.
My Child Has a Lot of Debt. How Can I Help?
When your adult child is struggling, you still want to help. However when it comes to money, you need to think carefully about what it may cost you to loan them money or co-sign a loan.
When A Debt Management Plan Doesn’t Work
Credit counsellors use a program called a debt management plan which are not always successful. We explore a case study from one of our clients in this situation and offer some alternative solutions.
Free Credit Score Comes With A Catch
It's possible to sign up for free credit reports with online lending platforms. Are these free credit scores accurate? Are they worth it? What's the real cost? Doug Hoyes explains.
Self Employed: Dealing with Business Debts
Small business owners face unique financial challenges. Find out our top financial tips for avoiding small business debts, how to keep tax debts under control and what you can do if you owe years of taxes.
5 Ways To Survive Without a Credit Card
Credit cards are required with some purchases for consumers, however filing bankruptcy means surrendering your cards. Doug Hoyes has 5 payment options if you don’t have access to a credit card.
10 Bankruptcy Definitions You Need To Know
Bankruptcy doesn't have to be confusing. In this blog post we explore 10 bankruptcy definitions you should know, especially before you meet with a Licensed Insolvency Trustee.
What Happens If You Stop Paying Your Debts?
A highly debated conversation we have with our social media following is the consequences of unpaid debts. Our experts explore this topic, discussing credit cards, payday loans, taxes, mortgages and more.
How to Repair and Rebuild Credit
Repairing your credit report after insolvency or small financial mistakes can be difficult if you don’t have the right tools. We’ll explain 5 steps you need to follow to successfully repair your credit on your own.
How A Consumer Proposal can Improve Your Cashflow
Are you wondering what a consumer proposal repayment plan looks like? Doug Hoyes explains 2 benefits of using this form of insolvency with actual examples of how it can affect your finances.
Is a Consumer Proposal a Good Idea?
Filing a consumer proposal is a debt relief strategy that offers many advantages if you qualify. Explore our guide on conducting a consumer proposal assessment and one of the benefits of a proposal.