Debt Relief Experts
When A Debt Management Plan Doesn’t Work
Credit counsellors use a program called a debt management plan which are not always successful. We explore a case study from one of our clients in this situation and offer some alternative solutions.
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.
Free Credit Score Comes With A Catch
It's possible to sign up for free credit reports with online lending platforms. Are these free credit scores accurate? Are they worth it? What's the real cost? Doug Hoyes explains.
Self Employed: Dealing with Business Debts
Small business owners face unique financial challenges. Find out our top financial tips for avoiding small business debts, how to keep tax debts under control and what you can do if you owe years of taxes.
5 Ways To Survive Without a Credit Card
Credit cards are required with some purchases for consumers, however filing bankruptcy means surrendering your cards. Doug Hoyes has 5 payment options if you don’t have access to a credit card.
10 Bankruptcy Definitions You Need To Know
Bankruptcy doesn't have to be confusing. In this blog post we explore 10 bankruptcy definitions you should know, especially before you meet with a Licensed Insolvency Trustee.
What Happens If You Stop Paying Your Debts?
A highly debated conversation we have with our social media following is the consequences of unpaid debts. Our experts explore this topic, discussing credit cards, payday loans, taxes, mortgages and more.
How to Repair and Rebuild Credit
Repairing your credit report after insolvency or small financial mistakes can be difficult if you don’t have the right tools. We’ll explain 5 steps you need to follow to successfully repair your credit on your own.
How A Consumer Proposal can Improve Your Cashflow
Are you wondering what a consumer proposal repayment plan looks like? Doug Hoyes explains 2 benefits of using this form of insolvency with actual examples of how it can affect your finances.
Is a Consumer Proposal a Good Idea?
Filing a consumer proposal is a debt relief strategy that offers many advantages if you qualify. Explore our guide on conducting a consumer proposal assessment and one of the benefits of a proposal.
Tax Debt Help – Who Do You Call?
Tax debts can be a tricky circumstance to navigate, especially if you are not sure who can help you deal with the issue. Find out what to do and who to seek help from in specific tax debt situations.
Bankruptcy Trustee now called LIT in Canada
Are you wondering how the government regulates insolvency in Canada? Our experts explain how the Office of the Superintendent of Bankruptcy regulates these legal proceedings and the required trustees.
5 Reasons Why Debt Problems Are Not Your Fault
Debt problems carry an emotional burden but should they? Doug Hoyes explains why falling into the trap of excessive debt may not be your fault but can be something you take charge of.
Overcoming Drug Addiction and Debt
Drug addiction and accruing some form of debt is not uncommon. In this blog, we explore a scenario of one of our clients in this hardship and how eliminating debts through bankruptcy was part of his recovery.
Forget Credit Score. Did You Know You Have A Bankruptcy Score?
A bankruptcy score is a scoring system used by lenders to rank the potential of bankruptcy in your future. Doug Hoyes explains exactly what a bankruptcy score is and what it means for your credit.
Consumer Proposals: The ONLY Canada Government Debt Relief Program
Unlicensed debt relief companies use specific terminology to draw clients in. We expose the facts behind debt settlement in Canada, debt management plans and why consumer proposals are often better.
Where To Get A Consumer Proposal Filed
Licensed Insolvency Trustees are regulated by the federal government but obtain licenses to work in each province in Canada. Find out how where you live impacts where to find a trustee to work with.
Canadian Privacy Laws and Debt Collection
We explain privacy laws and your rights when it comes to collection agents, how you can protect your personal information and what to do if it’s disclosed wrongly.
Do I Have To Surrender My Credit Card in Bankruptcy?
The Bankruptcy & Insolvency Act states you must surrender all credit cards. Our experts offer advice on how to manage purchases without a credit card during bankruptcy and when you can apply for a new card.
Will Rogers Cancel My Cellphone, Cable & Internet Service If I Go Bankrupt?
Internet and cellphone services are essential in today’s day and age, but what happens to these services in a bankruptcy? Doug Hoyes offers his expert insights based on our experience with service providers.
Ontario Bankruptcy Exemption Law Changes Protect Home Equity
Provincial legislation on how home equity is treated in a bankruptcy or proposal differs by province. We explain how much equity is exempt or protected from seizure, and when, under Ontario's Execution Act.
Are Social Media Profiles Considered Assets In A Bankruptcy?
If you are a small business, influencer and someone who makes money from your social profile, find out when or if a personal or business social media profile would be included in a bankruptcy in Ontario.