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.
Nearly 40% of all bankruptcy and consumer proposal filings in Canada are caused by payday loans or some other form of high-cost, predatory lending. Even more concerning, our average client usually has more than one... Read more »
Applying jointly for a loan can improve your chances of being approved, but should a married couple use their combined credit to consolidate debt, especially if one partner has a bad credit score? The correct... Read more »
When a homeowner files bankruptcy or a consumer proposal, their unsecured debts are eliminated by their discharge from bankruptcy or upon the full completion of their proposal. This matter can be complicated when an unsecured... Read more »
You may find yourself owing money to the Canada Revenue Agency, or CRA, after completing your annual tax return or because the CRA reassessed your tax return and perhaps denied some deductions. While CRA will... Read more »
There are many ways to pay off or consolidate a few bills and credit card debts, but is getting a title loan the best consolidation option? I’m going to explain how title loans work, their... Read more »
If you have a few problem debts, perhaps an outstanding credit card balance, a cell phone bill, or unsecured financing loan, what can you do to pay off that debt faster? Should you consolidate your... Read more »
With many Canadians facing a cash crunch during the COVID-19 lockdown, a quick-fix solution has been to defer debt payments. Here are some fast facts about how popular loan deferrals were with Canadians: Close to... Read more »
Payday lenders never cease to amaze me in their creative attempts to deceive their borrowers. Last week, one of our consumer proposal clients received an e-mail from a payday lender called Cash 4 You. The... Read more »
We’re finding that we meet with more people every day who have heard of consumer proposals, and are interested in them as an alternative to bankruptcy, but it seems many are not completely sure about... Read more »
If you are looking to consolidate debt with a new personal loan and have a low credit score, your lender may request you get a debt consolidation cosigner before approving your application. The question is,... Read more »
Household debt was in a crisis before the recent economic downturn, with many Canadians owing more debt than they could ever hope to repay, and the coronavirus shut down of 2020 has accelerated the collapse. ... Read more »
As personal debt levels increase, bankruptcy filings are on the rise in Canada. The stigma behind bankruptcy is certainly falling, yet many people are still afraid of both the bankruptcy process and what it means... Read more »
Cars – coupes, sedans, sport utility vehicles, trucks. Roughly two-thirds of the people who file insolvency with us own a vehicle. The vast majority want to keep their car when they file a consumer proposal... Read more »
If you are behind on your car payments, the finance company may repossess your vehicle as a way to recover the money they are owed. Having the vehicle towed, however, is just the start of... Read more »
Bankruptcy in Canada is very regulated. Bankruptcy law is governed by federal legislation known as the Bankruptcy & Insolvency Act. All Licensed Insolvency Trustees are registered and monitored by the Office of the Superintendent of... Read more »
Debt Relief Experts