Debt Relief Experts
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.
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.
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.
Debt Snowball Method vs High Interest First
What strategy you should you use to pay off debt - small balances or high interest debts? We explore the pros and cons of 2 common repayment approaches and provide tips to help you pay off debt faster.
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.
Beware Fake Canada Revenue Agency Calls
Have you received a call from a CRA agent demanding your credit card information? Learn our top 10 tips you can use to identify fraudulent calls and what you can do if you are scared.
Credit Repair Loan or ‘Savings’ Loans. Are They Worth It?
Are you considering a credit repair or savings loan to improve your credit? In this blog we look at a real example and explore why credit repair programs can be too costly for the benefits they provide.
407 ETR Debt Collection and the Limitation Period
What are the consequences of having unpaid 407 ETR debts when you aren’t planning on filing for insolvency? Find out the collection methods the 407 can use under the Limitations Act.
Collection Agents: How Did They Find Me?
Have you received a call from a collection agent, and you’re stumped on how they were able to find you? Learn about various ways collections companies acquire your data and what you can do about it.
How to Open a New Bank Account For A Bankruptcy or Consumer Proposal
We strongly suggest opening a new account when you file insolvency, especially if you owe money to the bank where you have a deposit account. We explain how to open a new account and why this is important.