Debt Relief Experts
Can Business Debts Be Discharged in Personal Bankruptcy in Canada?
Doug Hoyes explains the difference between a business and personal bankruptcy and what business debts are eliminated by filing personal bankruptcy and which remain.
Consumer Proposal and Bankruptcy Blog | Debt Solution FAQs
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.
What Happens to Joint Property in a Bankruptcy?
Do you own a joint asset with an individual who is declaring bankruptcy? Find out the impact that bankruptcy has on jointly owned homes, vehicles, and bank accounts, and what you can do.
Can I Be A Director, Executor or Be Bonded If I File A Consumer Proposal?
If you are in a position of trust or dealing with money, find out how filing a bankruptcy or consumer proposal can affect a formal appointment as director, executor or your ability to be bonded.
When is a Consumer Proposal Legally Binding on your Creditors?
Are you considering filing for a consumer proposal and are curious about what makes the contract legal? We’ll show you what makes a proposal legally binding and what say your creditors have in the process.
How to Avoid Bankruptcy and Still Get Out of Debt
It's possible to stave off bankruptcy or choose better debt relief alternatives. Doug Hoyes explains how you can deal with debt on your own, and what other alternatives you have if you have too much debt.
What is a CRA Requirement to Pay and How Can You Stop It?
Has the Canada Revenue Agency issued a legal notice to you called a Requirement to Pay? Find out what to do if this happens to you and what you need to know as the taxpayer.
The True Cost of Credit Counselling
Are you considering credit counselling to help you manage large amounts of unpaid debt? Doug Hoyes explains affordability, alternatives and additional consequences of this type of program.
Loan Scams: Advance Fee Loans are Illegal in Canada
Companies can be very creative with scamming individuals looking for loan, especially those with poor credit. Learn about advance fee loans and how to identify, avoid, and report loan scams.
Why Credit Counselling Doesn’t Help with Payday Loans
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.
What Happens To My Professional Designation If I File Bankruptcy or Consumer Proposal?
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.
Can a Medical Doctor in Canada File for Bankruptcy and Still Practice Medicine?
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.
Will I Lose My Real Estate License if I File a Bankruptcy or Consumer Proposal in Ontario?
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.
Filing Bankruptcy or Consumer Proposal as a Lawyer in Ontario
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.
What Happens if I File a Bankruptcy or Consumer Proposal as a Human Resources Professional?
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.
Effects of Filing Bankruptcy or Consumer Proposal as an Accountant in Canada
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.
Effects of Filing Bankruptcy or Consumer Proposal as a Certified Financial Planner in Canada
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.
Should Pensions Be Protected in a Corporate Bankruptcy?
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.
What To Do If You Owe Back Taxes to CRA
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.
How Do I Know If I’m Insolvent?
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.
Can I Travel While Bankrupt? When Do I Need To Be in Canada?
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.
Consumer Insolvencies are both Seasonal and Cyclical – What’s Trending More?
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.