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.
Considering walking away from a pre-con deal? Discover how the Bankruptcy and Insolvency Act's debt relief options can help protect you from builder claims including consumer proposals, Division I proposals, and bankruptcy solutions to handle potential lawsuits when you can't close.
Category: Consumer Proposals
Learn how bankruptcy works for both debtors and creditors in Canada. Understand your rights, obligations and what to expect during the bankruptcy process.
Category: Bankruptcy Process
When facing debt problems in Canada, knowing which professional to turn to is crucial for getting the right help. Learn the key differences between a Licensed Insolvency Trustee and bankruptcy lawyer, and discover when you need each one.
Category: Bankruptcy Basics
Learn about joint consumer proposals and when they make sense for couples with shared debt. Understand qualification requirements, benefits, risks, and alternatives. Discover if filing together is right for your situation or if individual debt solutions might work better.
Category: Consumer Proposals
Learn the truth about proposals. From upfront fees to credit ratings, government debts to assets, we clear up the most common misunderstandings about consumer proposals in Canada to help you make an informed decision about your debt relief options.
Category: Consumer Proposals
If you're struggling with car loan payments, learn what happens when you miss payments and understand your options. This guide explains your rights as a borrower, what lenders can legally do, and walks through all available solutions to deal with the situation and eliminate problem car loan debt.
Category: Dealing with Debt
Facing challenges closing your pre-construction condo purchase? This article explains why buyers struggle to close in today's market, what happens if you can't complete your purchase, and reviews your options - including both financing alternatives and debt relief solutions. Learn what professional help you need and when to seek advice.
Category: Assets & Property
Yes, you can get a car loan during and after a consumer proposal. Learn how to improve your approval chances, understand interest rates, and use car loan payments to rebuild your credit. Many Canadians successfully finance vehicles at both stages with proper preparation and realistic expectations.
Category: Consumer Proposals
Learn how to get relief from overwhelming car loan debt through a consumer proposal. Understand your options when you owe more than your car is worth and how to handle voluntary surrender, and include any remaining car loan balance in your proposal.
Category: Consumer Proposals
Learn if you can keep your car in a consumer proposal in Canada whether owned or finances. Understand provincial exemptions, secured debts, and key rules to protect your vehicle.
Category: Assets & Property
We often hear from clients who cashed in their RRSP to keep up with debt payments. The problem is, that doesn't always help. We explore reasons not to use money from your RRSP to pay down debt and what you can do instead.
Category: Dealing with Debt
Find out who's responsible for credit cards, mortgages and other debts in a divorce or separation and what happens if one spouse files insolvency.
Category: Dealing with Debt
Doug Hoyes explains the legal duties of the supplementary card holder in the event the primary card holder files for bankruptcy or a consumer proposal.
Category: Debts Discharged
Have you recently been informed that your wages will be garnished for unpaid debts? We explain the wage garnishment process, who must give notice, who can bypass the court, and what to do when you receive notice of a wage garnishment.
Category: Creditor Actions
Bankruptcy stops most wage garnishments through a stay of proceedings. Understand how bankruptcy can help resolve garnishment and collection issues and help you recover financially.
Category: Creditor Actions
A consumer proposal is a legal process that can stop wage garnishments as soon as you file. Find out what types of garnishment orders we can stop and how.
Category: Creditor Actions
Did you know that if you file for a consumer proposal your assets are fully protected? We break all the information down for you, from how a proposal affects your home, vehicle and other investments.
Category: Assets & Property
Debt relief programs have an effect on your credit report, including credit counselling. In this blog post find out how, and for how long, different debt relief programs can affect your credit rating.
Category: Debt Relief
What makes a debt a joint debt? What are the implications of cosigning a loan with your spouse. Doug Hoyes reviews when you are responsible for your spouse's debts and what happens if they file insolvency.
Category: Debts Discharged
Compare debt consolidation vs consumer proposals. Learn which option fits your situation better, calculate potential savings, and understand exact steps for each path. Features real examples, payment calculator, and qualification checklist.
Category: Debt Relief
Considering debt consolidation? Learn the pros and cons of consolidating debt in Canada, and compare this with alternatives that might work better for your situation.
Category: Dealing with Debt
