Debt Relief Experts
Is It A Good Idea To Get A Credit Card During Bankruptcy?
Consumers need credit for certain things, but can you get a credit card during a bankruptcy? Learn the pros and cons of obtaining new credit during, and after your bankruptcy.
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.
I’ve Filed Bankruptcy & Collection Agents Are Still Calling
Bankruptcy provides protection from collection calls, however not all creditors get the message. Find out the three things to say if a collection agent calls you and when to turn to your trustee for help.
How To Check Your Credit Report for Free
Do you check your credit report on an annual basis? We believe it’s an important and healthy financial practise. Learn about why and how to check your report, as well as how to ensure there are no errors.
What’s The Right Way To Consolidate Debt?
We look at two consolidation options: refinancing through a second mortgage or secured line of credit if you own a home and the pros and cons of consolidation loans if you have poor credit.
Exposing Collection Agencies’ Dirty Tricks
Are you receiving intimidating calls from collection agents? How do you respond to them? Find out 8 dirty tricks collections agents use in conversation, and how you can handle and stop these calls.
How to Make a Consumer Proposal Budget That Works
If you're going to file for a consumer proposal, we make sure your proposal payments fit your budget. In this blog, find out how to determine if you can afford payments.
Should I Borrow To Pay Off My Consumer Proposal Early?
Loans are available for individuals completing a consumer proposal. In this blog, learn about the pros and cons of borrowing to pay off your proposal earlier and 3 alternative ways you can do this.
How Long Does a Bankruptcy Stay on my Credit Report?
One of the most common questions we get from our clients is “how long will the insolvency last on my credit report?” Learn how many years Canadian credit bureaus will report your bankruptcy or consumer proposal.
10 Tips For Getting Your Life Back After Bankruptcy
Are you concerned about long-term implications of filing bankruptcy? There are misconceptions of how it affects your future. Explore our top 10 tips on how to get your life back following bankruptcy.
Why Creditors Might Challenge Your Bankruptcy Discharge
Bankruptcy tends to be a smooth process, however on rare occasions a creditor can challenge your bankruptcy discharge. Learn the basics of what a creditor opposition means for you.
How To Interview Your Consumer Proposal Administrator(or any debt advisor)
Learning how to interview a debt advisor can be a useful skill if you are planning on filing for insolvency. Find out what a consumer proposal administer is, how they are licensed, associated fees and more.
What Does It Mean To Be Creditor Proof
If your creditors don't have options to collect you are considered creditor proof. When does this happen and what does that mean in terms of whether you should file bankruptcy or not?
Bankruptcy, Sponsorship and Citizenship in Canada
Does having a current or past bankruptcy affect your ability to sponsor someone immigrating to Canada? Find out if and when you are able to be a sponsor during insolvency and alternative options you may have.
Why Our Credit Reporting System Is Broken
Credit reports and scores are an important aspect required for big financial decisions. But are our credit reporting systems in place to help you or your potential lender? Doug Hoyes explains here.
High Ratio Mortgages & Bankruptcy Risk in Canada
Mortgages give people the ability to buy homes, but is there such a thing as a mortgage that costs too much? Doug Hoyes explores high ratio mortgages and what you can do if you can’t afford your mortgage.
Time To Change The RESP Rules for Bankruptcy?
RESPs are considered an asset in a bankruptcy and are not exempt from seizure in all provinces. Doug Hoyes explains why it's time to change the federal law around RESPs and bankruptcy.
Should I File Bankruptcy For Medical Expenses and Health Care Obligations
About 1/5th of insolvencies in Canada are due to medical debts. Find out the primary factor contributing to medical bankruptcy and issues that arise with it, as well as if insolvency can eliminate these debts.
Student Loan Treatment in a Consumer Proposal
Did you know there are rules in place when it comes to the way student loans are treated in an insolvency? Find out the rules to ensure your student debt is discharged or released in a consumer proposal.
Negotiating Consumer Proposals. What Your Creditors Expect.
Do you want to learn more about the negotiation process involved in a consumer proposal? We'll explain what creditors might expect in a proposal based on internal policy and who does the negotiating.
Co-Signer Is Still On The Hook After Bankruptcy
If you co-sign a loan you are responsible for it if the primary borrower cannot make payments. Explore creditors rights to collect, how bankruptcy eliminates the debt and what to do if you’re the co-signer.
Calculating Payments in a Consumer Proposal
When you file for a consumer proposal, you offer your creditors an amount for your proposal payments. In this blog, find out what factors affect this and 3 steps you can use to calculate your payment terms.