Debt Relief Experts
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.
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.
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.
How to Find a Credible Financial Planner
Are you trying to find a trustworthy financial planner in Ontario? Find out how to find a credible planner, the income you need to work with them, and if you should use investments to pay down debt.
Reviving a Consumer Proposal After It’s Deemed Annulled
Fall behind three payments and your consumer proposal will be annulled by law. If this has happened to you, find out if it’s possible to revive an annulled proposal and exactly how to do it.
Is a Bad Credit Score Good for You?
What is the significance of a good credit score? Is having a low score really bad? Our experts explain credit scores, when a poor score may be okay and the downfalls of credit repair companies.
What Information Is On Your Credit Report?
Credit reports carry a lot of information about the money you borrow, how you make payments and even some personal information. Find out what's on your report and how to read a typical credit report.
The Pros and Cons of Canadian Bankruptcy
Are you curious about the advantages and disadvantages of filing for insolvency in Canada? We provide you with the most notable pros and cons of bankruptcy, to help you navigate debt relief.
Second Mortgage Home Equity Loan or Interest-Free Consumer Proposal?
What can you do if you are unable to make your some debt payments yet you have significant home equity? We explain home equity debt consolidation, home equity loans and when a consumer proposal is a better option.