Failed Debt Consolidation. Now What?
People struggling with debt often turn to debt consolidation first, which is not the best choice for everyone. Find out common reasons why debt consolidation usually fails and what your alternative options are.
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.
People struggling with debt often turn to debt consolidation first, which is not the best choice for everyone. Find out common reasons why debt consolidation usually fails and what your alternative options are.
Do you think you have a good credit rating despite struggling with debt? Find out why having a clean credit report does not mean you have good one and how the credit reporting system works for lenders.
Filing for insolvency is an emotionally taxing process, so often times people opt for the ‘do nothing’ mindset first. Doug Hoyes explores 6 common consequences of how this strategy makes debt worse.
How do you know when you can pay down your debt or need to file insolvency? We’ll explore a debtor’s situation and provide our professional insight on what might be the best option for you.
Rewinding back to 2014, Cash Store Financial Services Inc. filed for bankruptcy protection due to flawed corporate financial decisions. Doug Hoyes explains the company’s shortfalls and what we can learn.
CRA will accept a settlement through a consumer proposal or will write off tax debts in a bankruptcy. Ian Martin explains what requirements the Canada Revenue Agency will have under each solution.
If you shared credit cards before a divorce, find out who is responsible for any credit card debt regardless of what your divorce agreement says and what happens if your ex-spouse fails to pay off the debt as agreed.
In an insolvency do you need to include all individuals you owe money too? Even family or friends? This guide covers what debts to include and why, as well as what happens to your credit cards.
Credit is so much easier to get today and so many companies have entered the fray. Ted Michalos explains why lending is such a big business and what to look for before you take on more debt.
Cash Store Financial Services Inc. filed for bankruptcy protection in 2014 and are were delisted from the Toronto Stock Exchange. Find out what happened and what our expert insights are.
When you get married, are you liable for your spouse's debts? What happens to your debts, your spouse's debts and when are debts joint debts.
Bankruptcy eliminates most unsecured debts. But what about secured debts and what debts are specifically excluded from your bankruptcy discharge?
You and your trustee will consider several factors prior to filing insolvency to see if it's the best choice for you. Explore what these factors are, if you qualify for bankruptcy and the alternative options.
Do you have 407 ETR debts piling up that you can no longer afford to make payments towards? Find out if these debts are considered secured or unsecured, and if they can be eliminated in an insolvency.
Struggling debtors all have their own breaking point when it comes to taking action. In this blog, our experts explore trigger points for insolvency and the options you may have if you have unpaid debts.