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.
Ideally, by age 30, you hope to have financial security and the ability to build wealth. But it's hard when you have student loans and other debts consuming your monthly income. Learn how an insolvency filing can give you a financial do-over so you can start reaching personal milestones sooner.
If you're carrying multiple high-interest debts like credit cards and loans, this detailed guide will help you understand whether you should consolidate debt or do a debt settlement to achieve debt relief.
Most people worry that bankruptcy is their only option for eliminating debt. Luckily, that's not the case. We review 5 alternatives to bankruptcy for dealing with overwhelming debt.
A budget can be the key to long-term financial success. We show you the steps to creating a realistic first budget which includes your future money goals.
If your unpaid debts have been turned over to a collection agency we explain what you need to know about how long collection agencies can pursue debt in Canada, both legally and with those annoying phone calls.
A credit report outlines your unique financial history. Find out what information may be damaging to your report, how long it affects your credit and how to make improvements to your credit moving forward.
It can be difficult to understand how unpaid debts will be dealt with in a bankruptcy or consumer proposal. This blog discusses contingent and future debts that may be eligible for claiming during either process.
Paying a collection agency can leave a bad mark on your credit report longer. We explore three reasons why you should not pay a collection agency and what alternatives you may have to deal with unpaid debts.
It’s common for people to have a tough time implementing and sticking to a budget. In this blog, we share some of the most prevalent budget “fails” and helpful tips to help you achieve your budget goals.
Use a Licensed Insolvency Trustee if you need help to deal with your debts via consumer proposal. Trust Advisory Service cannot provide these services and charge unnecessary fees. Learn more about it here.
About 1 in 6 people who file a bankruptcy or consumer proposal are between the ages of 18-29. This blog outlines what kinds of debt leads to severe financial distress for younger individuals, and what you can do about it.
Filing for bankruptcy is a legal process, and thus what you do before filing is subject to review. Read about specific actions to avoid entirely before declaring bankruptcy and helpful tips to follow before you file.
If you don’t make your payments on time your creditors will take action to collect. Will they sue? Can they take your assets? Learn about creditors rights and what options you have if creditors are calling.
There are both legal and practical requirements an individual must meet to be eligible to file a consumer proposal. If you are struggling with debt repayment, find out if you should explore a consumer proposal further.
The key to creating a sustainable budget is balance and flexibility. In this blog, learn about what defines a need and a want, and how to use the 50-30-20 rule to create a budget that will work for you.
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