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.
We often hear from clients who cashed in their RRSP to keep up with debt payments. The problem is, that doesn't always help. We explore reasons not to use money from your RRSP to pay down debt and what you can do instead.
Not sure if bankruptcy is the right choice for you? In this blog, discover what debt relief alternative will suit your financial situation, as we explore 5 options from personal budgeting to insolvency.
Find out who's responsible for credit cards, mortgages and other debts in a divorce or separation and what happens if one spouse files insolvency.
Doug Hoyes explains the legal duties of the supplementary card holder in the event the primary card holder files for bankruptcy or a consumer proposal.
Are you considering filing for insolvency and are curious how the process stops your creditors? Find out what a stay of proceedings is and how quickly it starts helping your financial situation.
Have you recently been informed that your wages will be garnished for unpaid debts? We explain the wage garnishment process, who must give notice, who can bypass the court, and what to do when you receive notice of a wage garnishment.
Bankruptcy stops most wage garnishments through a stay of proceedings. Understand how bankruptcy can help resolve garnishment and collection issues and help you recover financially.
A consumer proposal is a legal process that can stop wage garnishments as soon as you file. Find out what types of garnishment orders we can stop and how.
Did you know that if you file for a consumer proposal your assets are fully protected? We break all the information down for you, from how a proposal affects your home, vehicle and other investments.
Debt relief programs have an effect on your credit report, including credit counselling. In this blog post find out how, and for how long, different debt relief programs can affect your credit rating.
What makes a debt a joint debt? What are the implications of cosigning a loan with your spouse. Doug Hoyes reviews when you are responsible for your spouse's debts and what happens if they file insolvency.
Compare debt consolidation vs consumer proposals with our comprehensive guide. Learn which option fits your situation better, calculate potential savings, and understand exact steps for each path. Features real examples, payment calculator, and qualification checklist.
Managing multiple debt payments can feel overwhelming. If you’re struggling to keep track of various credit card bills, loans, and other unsecured debts, you might be wondering if debt consolidation is the answer. While consolidating... Read more »
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.
Are you worried about filing for a consumer proposal, and it not being accepted by all of your creditors? Find out how creditors vote on your proposal and what you can do if it gets rejected.
There are financial responsibilities you should meet before you retire. Here is our retirement planning guide, where we explore how much to save, what to do with debt and how to effectively prepare for it.
Did you know there is a surplus income penalty in a bankruptcy if you make more than the ‘threshold’ income? Doug Hoyes explains how to calculate this and ways you can avoid a penalty all together.
If you are considering divorce and carrying a lot of debt, it's important to be strategic with your finances. This post explains what happens to your marital assets, joint debts, and whether you should file an individual or joint bankruptcy or proposal before or after a divorce filing.
Are you delaying bankruptcy because you’re scared of what it entails or what it may change in your life? Find out what can happen if you continue to delay the process and why you don’t need to be afraid.
Are you and your partner considering a joint debt, like a credit card? It's important to know your financial and legal responsibilities here, so we created a guide on what you need to know before co-signing.
The legal ownership of funds in a joint bank account can be complex, especially when it comes to garnishment or creditors' claims. Learn more.
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