Debt Relief Experts
Retraining for a Second Career while Dealing with Debt
Are you juggling training for a second career and trying to keep up with your debt payments? Learn about how Second Career Ontario can help with the cost of retraining so you avoid more debt.
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.
Can You File A Consumer Proposal Twice?
Have you previously filed a consumer proposal and find yourself in financial hardship again? Learn about how you can file a proposal again and if there are any differences about the process.
Frozen Bank Account. Your Rights and What To Do Next
Has one of your creditors frozen your bank account? Find out who can use this form of collection, how to clear your frozen account and answers to other common questions you may have about this legal action.
Can I Get OSAP While in Bankruptcy or Consumer Proposal?
It’s not uncommon for an insolvent debtor to want to go back to school. But are they eligible for OSAP during insolvency? Find out what factors make you eligible and what is required in your application.
Should You File Bankruptcy in Canada if Living Abroad?
Do you have unpaid debts in Canada, but are currently not living here? Our experts explain the requirements for declaring bankruptcy when you no longer live in Canada and what happens if you don’t file.
Should You Have a Joint Bank Account?
Our experts offer their advice on the pros and cons of joint bank accounts and credit cards, and what happens to these accounts when one person finds themselves facing insolvency.
What to Do if You are in Default on your Loans
Have you missed several months of debt payments and wonder what the implications are? We explore what it means to default on a loan, how it affects your credit, what options you have and more.
Please Stop Paying for Consumer Proposal Representation
Should you pay for third party advice when seeking a consumer proposal? We explain what a consumer proposal administrator is and why you should work directly with a Licensed Insolvency Trustee for debt help.
Walking Away From A Mortgage in Canada
Are you unable to meet your mortgage payments, and are wondering what options you have next? Doug Hoyes explains mortgage shortfalls, full recourse mortgage laws in Canada and how to manage them.
What is Financial Hardship for Student Loans?
Bankruptcy law discharges student loans if you have been out of school for seven years however you can make a hardship application for discharge after 5 years. Find out how.
Can You Switch Between Bankruptcy and Consumer Proposal?
Have you filed for insolvency, and your finances have changed for better or worse? Learn about the personal situations where you can switch from bankruptcy to consumer proposal, and vice versa.
The 80/20 Rule of Money Management
Do you feel like you’ve never been taught how to budget properly, or just don’t have the time or motivation to? Doug Hoyes explains his “cheat way” to financial success with money management.
Which Debts Should You Pay First?
If you have multiple debts, you need a plan for repayment. We explain whether you should pay high dollar or high interest debts first, when to use balance transfers and what to do when balances are too large.
Can I Negotiate a Debt Settlement on My Own?
Not everyone struggling with debt has to file for insolvency. Learn about how and when to negotiate a debt settlement on your own with your creditors, and other aspects to consider in the process.
How to Pay Down Massive Debt: A Realistic Approach
How do you pay off a large sum of debt, say $20,000 or $30,000 or even $50,000? Doug Hoyes explains what you need to consider when tackling big debt loads.
Minimum Payments on Credit Cards are Keeping You in Debt
Banks want you to pay more in interest, which is why they only ask you to pay the minimum balance each month. Find out how minimum payments keep you in debt and how to pay down credit card debt successfully.
Why You Need an Emergency Fund
A large and unexpected cost can throw a wrench into your budget or cause you to turn to high cost debt. Explore how even a small emergency fund can help your finances.
Must A Consumer Proposal Include All My Creditors?
Learn about how a proposal deals with your unsecured creditors, whether you can hold back debts and how it may impact secured creditors like your mortgage or car loan.
What Happens in Bankruptcy Court?
Have you recently filed for bankruptcy, and are curious about the process of bankruptcy court? Learn about what you can expect in this proceeding, and everything you can do to properly prepare yourself.
Top 6 Bankruptcy Law Rules in The Bankruptcy and Insolvency Act
Did you know that bankruptcy is a legal and regulated process governed by federal legislation? Here is our easy-to-understand guide on the Bankruptcy and Insolvency Act, including 6 rules you need to know.
Is Bankruptcy Morally Wrong? A Look at the Ethical Dilemma vs the Math
Are you having some sort of a moral dilemma because you want to file for insolvency to create a fresh financial start for yourself? Find out 5 reasons why bankruptcy is not morally wrong.