Debt Relief Experts
Should You Use Your Bonus To Pay Off Debt?
If you just earned a bonus from your employer or received an unexpected sum of money, how should you use that bonus if you also have debt? I talk with Scott Terrio and we outline... Read more »
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.
Chatbots: Helping Your Finances or Up-selling?
Financial technology, or fin-tech, has come a long way. Much more than just a budgeting app, now you can do your banking, money management, investing and even borrowing, online. In addition to apps, fin-tech companies... Read more »
Avoid Last-Minute Holiday Money Splurges | Debt Free Digest December 2018
Christmas is around the corner. Hopefully you’re done shopping for the people on your list. Regardless, there will be plenty of opportunities to spend in the final run-up to Christmas. Our December edition provides tips... Read more »
Christmas Etiquette When You’re Dealing With Debt
When you have debt, Christmas is a stressful time. With pressure to spend on family, friends, co-workers, and maybe even your barber, the season turns into more of a financial burden than a time to... Read more »
Bad Credit Debt Consolidation Loans: Are They Worth It?
If you have a lousy credit score, chances are you already carry high-interest debt. Your ability to obtain a debt consolidation loan at a reasonable rate when you have bad credit is severely compromised. You... Read more »
Protecting Yourself Financially from Unexpected Life Events
The death of a spouse and divorce bring an emotional burden, but sadly such catastrophic events also cause financial trauma. In fact, the death of a spouse or divorce are both common reasons why people file... Read more »
How Bankruptcy Works for Debtors and Creditors in Canada
The way a bankruptcy filing works in Canada is that the debtor assigns non-exempt assets for the benefit of his creditors, in exchange for which he will be discharged from most debts. This is the... Read more »
Retraining for a Second Career while Dealing with Debt
If you are out of work or laid-off and need to upgrade your skills to improve your employment potential, how can you do this without incurring more debt? The Ontario government has a Second Career... Read more »
Can You File A Consumer Proposal Twice?
It’s not as uncommon as you think for someone to become debt free by filing a consumer proposal, and then, years later, face financial hardship again and require another plan to pay off debt. The... Read more »
The Cold-Hard Truth About Unlicensed Debt Consultants
Indebted Canadians pay at least $24 million a year for what is often unnecessary debt advice. How does this happen? Well, when you have overwhelming debt, you’re not just thinking about the money. There’s also... Read more »
Frozen Bank Account. Your Rights and What To Do Next
A frozen bank account is one of the remedies available to creditors to collect an outstanding debt when you are behind on your payments. If your account is frozen, you will not be able to... Read more »
Avoiding Debt Problems After a Personal Injury
Being injured or in an accident can have broad reaching financial implications. In addition to the costs of care, you can lose income if you are off work and may incur additional legal costs. Finding... Read more »
Gifting Financial Knowledge | Debt Free Digest November 2018
November is Financial Literacy Month. In the spirit of this event, learn how you can impart financial wisdom to your family and friends. You might be surprised at how much you’ll learn in the process... Read more »
A Three-Pronged Approach to Financial Literacy
This year marks the 8th Financial Literacy Month in Canada, which begs the question: has our financial literacy improved in eight years? Total household debt is at record highs while personal savings rates are at... Read more »
Can I Get OSAP While in Bankruptcy or Consumer Proposal?
It is not uncommon for someone who has filed a consumer proposal or bankruptcy to wish to return to school to complete their studies or retrain. If you’ve filed an insolvency proceeding, whether a bankruptcy... Read more »