Debt Relief Experts
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.
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 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.
Power of Attorney: Can I Deal With My Parents’ Debts?
Are you wondering how to go about helping your parents deal with their debts? In this blog, we explain what a power of attorney is, how they can help manage other’s finances, and explore two client stories.
25 Debt Consolidation Tips From Our Experts
The Licensed Insolvency Trustees on our team have noticed an upward trend on debt consolidation in Ontario. Before you make this decision, learn the 25 tips on debt consolidation we've curated from our experts.
Can You File Bankruptcy for U.S. Debts in Canada?
Are you a Canadian citizen that has debt accrued in the US that you can’t afford to make payments towards? Explore collections actions creditors can use and the US vs Canadian bankruptcy process.
Filing Bankruptcy to Avoid a Judgment or Lawsuit
Has a debt collector threatened you with a judgement or a lawsuit for your unpaid debts? Find out how these legal proceedings work, how insolvency can stop a judgment, and when is the right time to act.
Who Will Know I Filed Bankruptcy?
Filing for bankruptcy may bring up feelings of embarrassment, and it’s understandable if you don’t want everyone to find out about it. So, who can find out if you've filed bankruptcy? Doug Hoyes explains.
What Happens to Air Miles Points if You Go Bankrupt?
Air miles points and other loyalty program points are considered your personal property. We explain what assets are included and exempt from a bankruptcy, and what happens to your loyalty points.
Mogo Loans: Are They A Good Deal?
Mogo was one of the first new-age fintech lenders to enter the Canadian market. We review what this ‘sexy’ approach to lending really means for consumers and offer practical advice on the cost of getting a Mogo loan.
My Child Has a Lot of Debt. How Can I Help?
When your adult child is struggling, you still want to help. However when it comes to money, you need to think carefully about what it may cost you to loan them money or co-sign a loan.