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.
Understand your options for dealing with credit card debt in collections including how the process works, dealing with collection agencies, and exploring debt relief options like settlement, consumer proposals, and bankruptcy.
You keep your wages in a bankruptcy but your salary does come into play when calculating potential surplus income in a bankruptcy. Learn how your income is affected when filing bankruptcy in Canada.
Wondering when to declare bankruptcy in Canada? Learn the signs, explore alternatives, and understand the process. Get expert guidance on making this crucial financial decision.
If you have unpaid tax obligations, CRA can place a lien on your home or other property to collect that money. Learn how a consumer proposal or bankruptcy can prevent a lien and erase your tax debt.
Can you file for bankruptcy if you're unemployed? Yes - but timing matters. Learn how unemployment affects bankruptcy eligibility, required payments, and what happens if you find a new job during bankruptcy.
Loan deferrals let borrowers temporarily pause payments during financial difficulties, but come with significant long-term costs. We explain the pros and cons of applying for a loan deferral, credit score implications, when to ask for a loan deferral or when you should consider alternatives for managing debt.
Single parents are one of the most common groups to file for debt relief in Canada. This article explains your debt relief options, from budgeting strategies to government benefits to formal debt solutions. Learn practical steps you can take today to reduce your debt and create financial stability for your family.
Doug Hoyes explains the difference between a business and personal bankruptcy including what business debts are eliminated by filing personal bankruptcy and which remain. Read our FAQs on what happens when a small business files for bankruptcy in Canada.
Here is your guide to understanding what happens with unpaid debt if your business closes. Learn about restructuring debts, government debts, if you can still run your business, and more.
Paying down debt doesn't have to take big chunks of money. Doug Hoyes explains how to pay down debt sooner using micropayments and how it improves your financial situation.
What strategy you should you use to pay off debt - small balances or high interest debts? We explore the pros and cons of 2 common repayment approaches - debt snowball vs debt avalance - and provide tips to help you pay off debt faster.
Collection agencies in Canada can garnish your wages, but only after taking specific legal steps. Learn how often agencies actually pursue garnishment, what they must do before taking your wages, and what options you have to protect your paycheque.
Filing bankruptcy requires you to complete certain bankruptcy forms including a statement of affairs and income and expense report. We explain these forms starting with your initial assessment and how a Licensed Insolvency Trustee helps you complete them.
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.
Learn how bankruptcy works for both debtors and creditors in Canada. Understand your rights, obligations and what to expect during the 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.
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.
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.
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.
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.
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.
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