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.
A consumer proposal is an affordable way to eliminate overwhelming debt. While there is a fee to file, these fees are included as part of the proposal process. Doug Hoyes explains the costs of a consumer proposal and how payments are calculated to fit your budget.
No one wants to be a fraud victim. It causes tremendous stress and we have also seen it lead to serious debt problems in some cases. In this post, learn how fraudsters use tricks and deceptions to steal your hard-earned money so you stay protected.
In Canada, there are both bankruptcy lawyers and licensed insolvency trustees that can help with different types debt-related issues. In this post, Maureen Parent explains the key differences and who can help you depending on your situation.
Revolving credit means credit cards and lines of credit. You probably use it everyday but it's important to understand all of its benefits and risks so you avoid financial trouble. Doug Hoyes explains in this post.
You're probably familiar with Canada's credit bureaus already. After all, they provide you with your credit report. But how do credit bureaus collect your information and what more should you know about credit reporting agencies? Scott Schaefer explains in this post.
We frequently meet with individuals who have a car loan. In this post, Doug Hoyes explains how a car loan is treated in a consumer proposal, whether you wish to keep your car or not.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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