Debt Relief Experts
Paying Off Student Loans vs Student Line of Credit
There is a difference between government student loans like OSAP and Canada Student Loans and a line of credit at a bank or credit union when it comes to insolvency. Learn more here.
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.
What Do I Need To Disclose To My Bankruptcy Trustee?
It is mandatory to file insolvency through a Licensed Insolvency Trustee in Canada. Find out all the information you’ll need to provide for them, as well as the documents required to file bankruptcy.
Opposing A Discharge From All Points of View: National Insolvency Review
It is possible for a creditor to oppose a bankruptcy discharge. What does a discharge hearing look like and how does the trustee, creditor and bankrupt prepare for this meeting.
Pick the Right Bankruptcy Trustee By Asking These 5 Questions
Is your next financial decision a bankruptcy or consumer proposal? In Canada, you are required to use a Licensed Insolvency Trustee to file insolvency. learn how to pick the right one using five questions.
7 Reasons Why Credit Cards Can Be So Dangerous
Credit card use has increased across all demographics in Canada. In this blog find out how one of our clients fell into debt using credit and learn 7 signs that signal you're in credit card danger.
Is It A Good Idea To Get A Credit Card During Bankruptcy?
Consumers need credit for certain things, but can you get a credit card during a bankruptcy? Learn the pros and cons of obtaining new credit during, and after your bankruptcy.
I’ve Filed Bankruptcy & Collection Agents Are Still Calling
Bankruptcy provides protection from collection calls, however not all creditors get the message. Find out the three things to say if a collection agent calls you and when to turn to your trustee for help.
How To Check Your Credit Report for Free
Do you check your credit report on an annual basis? We believe it’s an important and healthy financial practise. Learn about why and how to check your report, as well as how to ensure there are no errors.
What’s The Right Way To Consolidate Debt?
We look at two consolidation options: refinancing through a second mortgage or secured line of credit if you own a home and the pros and cons of consolidation loans if you have poor credit.
Exposing Collection Agencies’ Dirty Tricks
Are you receiving intimidating calls from collection agents? How do you respond to them? Find out 8 dirty tricks collections agents use in conversation, and how you can handle and stop these calls.
How to Make a Consumer Proposal Budget That Works
If you're going to file for a consumer proposal, we make sure your proposal payments fit your budget. In this blog, find out how to determine if you can afford payments.
Should I Borrow To Pay Off My Consumer Proposal Early?
Loans are available for individuals completing a consumer proposal. In this blog, learn about the pros and cons of borrowing to pay off your proposal earlier and 3 alternative ways you can do this.
How Long Does a Bankruptcy Stay on my Credit Report?
One of the most common questions we get from our clients is “how long will the insolvency last on my credit report?” Learn how many years Canadian credit bureaus will report your bankruptcy or consumer proposal.
10 Tips For Getting Your Life Back After Bankruptcy
Are you concerned about long-term implications of filing bankruptcy? There are misconceptions of how it affects your future. Explore our top 10 tips on how to get your life back following bankruptcy.
When To File Bankruptcy in Canada – Timing Matters
Are you trying to navigate overwhelming debt and considering filing for bankruptcy for a fresh financial start? Did you know there may be an optimal time for you to file? Doug Hoyes explains.
Why Creditors Might Challenge Your Bankruptcy Discharge
Bankruptcy tends to be a smooth process, however on rare occasions a creditor can challenge your bankruptcy discharge. Learn the basics of what a creditor opposition means for you.
Joint Consumer Proposal: Dealing With Joint Debt
If both you and your partner struggle with common debt you are both liable for, we explain when it's possible to file one consumer proposal jointly and how this can save you money.
How To Interview Your Consumer Proposal Administrator(or any debt advisor)
Learning how to interview a debt advisor can be a useful skill if you are planning on filing for insolvency. Find out what a consumer proposal administer is, how they are licensed, associated fees and more.
What Does It Mean To Be Creditor Proof
If your creditors don't have options to collect you are considered creditor proof. When does this happen and what does that mean in terms of whether you should file bankruptcy or not?
Bankruptcy, Sponsorship and Citizenship in Canada
Does having a current or past bankruptcy affect your ability to sponsor someone immigrating to Canada? Find out if and when you are able to be a sponsor during insolvency and alternative options you may have.
Why Our Credit Reporting System Is Broken
Credit reports and scores are an important aspect required for big financial decisions. But are our credit reporting systems in place to help you or your potential lender? Doug Hoyes explains here.