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.
Have you fallen into the payday loan trap, and are now struggling to pay them back? Find out why credit counselling may not be the best solution to deal with payday loans and what a better option is.
Financial struggles can occur in any situation, even those with certified designations. Find out if a bankruptcy or consumer proposal impacts your professional license, from Lawyers to Medical Doctors.
Are you a medical doctor in Canada and experiencing overwhelming financial hardship? Will you still be able to practise and what debt relief options are best for you? Ted Michalos explains.
If you are filing for insolvency in Ontario and you are a real estate agent, you have specific notification requirements to your board. Find out what circumstances can result in a revoked licence.
What difference does filing for bankruptcy or a consumer proposal have on your ability to practice law? If you're a lawyer facing debt problems here's what you need to know before choosing.
If you are filing for insolvency in Ontario as a human resource professional you need to notify the Registrar’s office immediately by law. Find out what situations can result in suspension of privileges.
Chartered Professional Accountants can have debt issues, but what happens when they file for insolvency? Find out the steps you need to take as a CPA filing insolvency and if you can keep your designation.
As a certified financial planner in Canada, you are obligated to disclose if you filed for insolvency. In this blog, learn about everything you need to know to navigate this situation.
Are you wondering what happens to your pension if the company you work for goes bankrupt? Doug Hoyes offers his professional insights on the corporate bankruptcy process with regards to pensions.
Owing money to the CRA can be stressful, especially as penalties and interest begin. We’ll show you what options are available to you if you can’t afford those payments and what your next steps should be.
It's not the amount of debt you have but your ability to repay your financial obligations that indicate whether you may need to file insolvency. Learn if you are insolvent and when you should talk with a trustee.
Bankruptcy itself does not have any travel restrictions. Find out when you may need to be in Canada to fulfil your duties as required to ensure you achieve your discharge.
Insolvency Manager Scott Terrio does a deep dive into long term Canadian insolvency statistics to explain the economic and seasonal nature of insolvency filings in Canada.
Has your bank sent you a pre-approved credit limit increase and you’re not sure if you should accept it? Find out what the pros and cons of an increase are, and what decision is right for you.
Doug Hoyes reviews the business side of credit counselling, how agencies are funded by big banks and why it may not always be the best solution to get out of debt.
Are you worried a collection agency will act on their threat and sue you? Doug Hoyes explores how debt collectors obtain files, when they can take you to court and what to do if you have a judgement against you.
Lots of young Canadians are struggling with repaying their student loans for a variety of reasons. But does consolidating government student debt make sense and what other options do you have?
Are you unable to make full payments towards your bills, and creating more debt each month? Find out if you could be eligible for Canadian debt forgiveness and what steps you need to take to move forward.
In Canada, you must have a minimum amount of unsecured debt to file bankruptcy, but how much debt causes bankruptcy is different for everyone. See from our bankruptcy study how much debt tends to lead to insolvency.
Navigating the validity of information on insolvency may be overwhelming due to unregulated businesses claiming their services can help. Learn about what a registered consumer proposal is and who can legally provide them.
Ted Michalos explores the asset profile of the average insolvency debtor from our annual bankruptcy study and explains why most insolvent debtors have very little assets at the time they file insolvency.
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