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.
There are provincial regulations that collection agencies must abide by. This blog outlines these rules, ranging from how often and when an agency can call, what they can say and when they can threaten legal action.
The Emergency Loan for Canadians Abroad program has issued repayment requests to recipients to pay in full within 180 days. Here, we explore what to do if the allotted time passes and you have unpaid debts.
Want to learn about the role the pandemic played in altering household debts? Read along as Doug Hoyes explores the unprecedented debt and insolvency trends as a result of Canada’s lockdowns, and his future predications.
Will filing for bankruptcy help stop a mortgage foreclosure? Can I keep my home? What are my options if I cannot afford my mortgage payments? Find out with our comprehensive guide to foreclosures and bankruptcy.
Bankruptcy and credit counselling are two commonly compared options to deal with debt problems. Understand the benefits and downsides of each alternative and which would best suit your financial situation.
Collection agents are getting creative: they are now threatening to force Canadians into bankruptcy. If you don’t voluntarily pay them the amount owing, they say they will go to court and get an involuntary bankruptcy... Read more »
A Canadian consumer proposal must be filed with a Consumer Proposal Administrator, who is also a Licensed Insolvency Trustee. No-one else can administer consumer proposals in Canada. Not a lawyer, not an accountant, and not... Read more »
When the COVID-19 crisis hit at the beginning of 2020, millions of Canadians saw their income reduced significantly or lost it altogether. Renters struggled with rent payments; homeowners were worried about meeting their monthly mortgage... Read more »