Debt Relief Experts
Can A Debt Collector Force You Into Involuntary Bankruptcy?
Threatening an involuntary bankruptcy can be a very intimidating tactic that collection agents use against debtors. Want to know if this actually applies to you? Doug Hoyes explains.
Ontario Bankruptcy Blog
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.
The Role of the Consumer Proposal Administrator
A Consumer Proposal Administrator is someone who can file for a consumer proposal. In fact, they are the only authorized debt expert in Canada who can. Learn about their role and how to find one in this blog.
What To Do if You Can’t Pay Deferred Mortgage Payments
Doug Hoyes explains what happens with your principle balance and interest rates when you can’t afford your deferred mortgage payments. Learn about options you have to help you move forward.
What Is the Right of Offset and What Can You Do About It?
A right of offset is when you have unpaid debt, and your lender seizes money directly from your bank account. Learn about who can exercise this legal proceeding, when it can occur, and what you can do about it.
Guide to Ontario Debt Collection Laws
Has a debt collection agent called, and left you confused about what your rights were in the situation? This guide explains Ontario’s debt collection laws and how to deal with these agencies.
What Is an Acceptable Debt-to-Income Ratio?
Do you ever wonder if the debt you have accrued is more than you can handle? Or what is considered a ‘normal' debt-to-income ratio of someone in your financial situation? Find out more in this post.
CRA Taxpayer Relief Program: Do You Qualify?
Has the CRA charged you with interest or penalties? Learn about financial situations that qualify for waived charges, how to file for the CRA Taxpayer Relief Program and what to do if you aren’t approved.
What Does a Certificate of Full Performance of Proposal Mean?
Wondering what happens after you’ve completed the mandatory requirements of a consumer proposal? We explain what a Certificate of Full Performance means for you and what happens with your debts.
Coping with Consumer Debt as the Economy Reopens
Initially COVID-19 made debtors in Canada credit-proof, but what’s the debtor landscape look like now? We offer our insight, from government support to credit card debt, on what’s to come in the following months.
Emergency Fund or Credit Card Debt? What’s the Better Choice?
Many Canadians rely on credit cards for emergency funds. Is this a good idea? Doug Hoyes explores whether credit cards are OK to use in an emergency and whether to pay off credit card debt or create a rainy day fund.
Barriers to Solving Debt Problems
Lacking the financial knowledge of how to successfully solve your debt issues? Explore the most common barriers Canadian’s face when paying down debt and discover steps on how to better manage your balances.
5 Borrower Profiles You Need To Know: From Subprime to Super-Prime
Does my credit profile expose me to risks when applying for loans? Use this guide to help you understand what your borrower risk profile is, and how to navigate your lending options.
What Happens When You Face a Tax Bill for CERB Payments?
The utilization of CERB payments for eligible Canadian’s counts as taxable income. We explain your options if you can't pay your CERB or CRB tax obligations.
Predatory Lending: How to Identify & Avoid Unfair Loan Practices
Predatory loans are the causative agent of 40% of filings for bankruptcy or consumer proposals in Canada. Read along for Doug Hoyes’ tips on how to spot this form of lending and how to protect yourself.
Should Married Couples Get a Joint Consolidation Loan?
Trying to figure out if a joint loan is your best option? Learn here, about the pros and cons of having a joint consolidation loan with your partner and debts that may be a bad idea to consolidate.