Debt Relief Experts
Never Loan Money to Family and Friends
Is someone you love asking you for a loan? How can you tell if you are financially stable enough to help them or not? Doug Hoyes explores this topic and provides a real-life story from a client.
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.
Wage Garnishments: What Income Can be Garnisheed?
Has a collector threatened you with wage garnishment, and you’re unsure of what it means? We’ll explain what kind of income and how much can be garnished, as well as what you can do to stop this action.
Do I Lose My RDSP If I File Bankruptcy in Canada?
Bankruptcy law does not protect RDSPs but the courts have ruled that they are exempt assets. Learn what this means for your registered disability savings and your bankruptcy.
RRSP, Registered Savings Accounts and Bankruptcy Laws
How does filing for a bankruptcy affect different registered financial accounts? Here is our comprehensive guide on how RRSPs, RRIFs, RDSPs, DPSPs, TFSAs, RESPs and others are treated in a bankruptcy.
Will Bankruptcy Affect Shared Ownership in a Cottage?
Are you or someone you know filing bankruptcy and they have a share in a family cottage? Learn about how shared real estate is dealt with in a bankruptcy and other options you may have.
Ontario Bankruptcy Exemptions: Assets You Can Keep
Will you lose everything if you file for bankruptcy in Ontario? We explain what assets you keep by law, what you may lose and an alternative option you may have so you can keep everything.
How to Solve Debt Problems
Do you want to learn effective and simple strategies that can help you avoid or solve unwanted debt problems? In this blog, we explore our top 10 tips you need to successfully navigate your debts.
How Young Is Too Young For Bankruptcy?
Are you in your 20s, struggling with debt, and wondering if you should file for bankruptcy? Explore 3 important aspects you need to consider and how to ‘run the numbers’ before moving forward with this choice.
How Long Does Bankruptcy Last?
Are you filing a first or second bankruptcy and have questions about how long you will be bankrupt? Learn about the typical length of a bankruptcy, factors that may affect this length and if there are alternatives.
Can Unsecured Creditors Take My Car For An Unpaid Debt?
You may know your car lender has a right to repossess your vehicle if you don't make payments, but can other lenders (like a payday lender) make a claim on your car? We explain when this can happen & what to do.
When Getting Another Loan Isn’t a Good Idea
Lenders might offer you more money to deal with your cash crunch, or to consolidation high interest loans like credit cards and payday loans. We explain when getting a new loan is a bad debt management option.
Helping Family Financially Not Always A Good Idea
Do you have a loved one asking you for financial support? Learn about three personal stories from our clients, questions to ask yourself before lending money, and other ways you can help them out.
Self-Employed and Considering a Consumer Proposal? 5 Things You Need to Know
Are you struggling with inconsistent income and increasing debts? A consumer proposal may be a great option for your debt relief. This blog explains five things you need to know about them before filing.
Will A Second Mortgage Clean Up All Your Debts?
If rising house prices has helped you build some equity in your home, is consolidating credit card and other consumer debt with a second mortgage worth it? Explore the pros and cons.
10 Tips for Dealing with CRA and Tax Debt Problems
CRA tax debt problems can build up. Our experts, Doug Hoyes & Ian Martin talk about how to avoid a big tax obligation and what to do if you do face a large amount of taxes owing.
Dealing with Gambling Debt
Are you struggling with debts that stem from gambling? Find out how one of our clients was able to eliminate his gambling debts through a consumer proposal and how he successfully rebuilt his credit.
Do Senior Citizens Need to File Bankruptcy?
Senior citizens are experiencing more financial hardships now than ever and they are a rising percentage of Canadians filing insolvency. Our experts talk about options for seniors facing insolvency.
How Do I Get Out Of Debt Without Losing My Home?
Do you want to learn more about how insolvency can affect your home? This blog outlines Ontario’s exemption law on home equity, current mortgages, and strategies to plan your way out of debt while keeping your house.
How Car Loans and Car Loan Rollovers Lead to Insolvency
How you finance a car purchase can lead to financial problems. Find out how longer term car loans and rollovers are contributing to loan shortfalls and insolvency filings.
Emergency Fund Critical For Single Parents
Are you raising children in a single income household? We explore a case report from one of our clients in this situation and provide you with 5 steps to create a successful budget for your family.
What To Do When You Are Using Debt To Make Ends Meet
Have you turned to credit cards or payday loans to help with your monthly expenses? Explore the warning signs that you're falling into debt, how to re-balance your budget and options you have to deal with your debts.