Debt Relief Experts
The Secret To Budgeting: Pay Your Bills As You Get Paid
Budgeting can be stressful, and few individuals have the discipline to stick to one. In this blog, find out why our approach to budgeting is simply to pay bills as often as you get paid.
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.
Income Taxes and Bankruptcy – What You Need to Know
Did you know that bankruptcy law does eliminate most tax debt? Learn about when your tax debts can be discharged through insolvency and the implications of a CRA bankruptcy.
Debt Consolidation vs Bankruptcy. Which is Better?
What do you need to consider before choosing between debt consolidation or bankruptcy? We’ll explain both debt relief options, so you can make an informed decision on which one will work best for you.
What Can I Do If I Can’t Pay My Student Loans?
It is more common than ever to see individuals filing for insolvency for unmanageable student debt, in Ontario. Find out what happens if you can’t repay your student loans and options for debt relief.
Creditor Opposition to Bankruptcy Discharge – Delaying Your Fresh Start
In rare cases, creditors can oppose your discharge from bankruptcy. So, what do you do? In this blog, we’ll explain the process of creditor opposition, how we’ll help and how to avoid this entirely.
Should I File a Second Bankruptcy or a Consumer Proposal?
Considering filing for another bankruptcy? It’s not uncommon, but there are some things you should know before you do. Explore the implications of filing subsequent bankruptcies and what your alternative is.
Canada Mortgage and Housing Corporation (CMHC) and Tax Refunds
As a government agency, CMHC can keep your tax refund if you them money. Find out how this debt, like any government debt, can be eliminated through a bankruptcy or proposal.
Consumer Proposals: Debt Limit
A consumer proposal has a legislated debt limit of $250,000. Find out what debts are included in that calculation and what options you have if you owe more than the allowable limit.
Consumer Proposal Help When Expecting Lump Sum Payments
Consumer proposals are a very flexible tool when it comes to debt settlement. If you receive a lump sum before or during a proposal, find out how this can impact your proposal terms.
Types of Creditors in Bankruptcy – Secured, Unsecured & Preferred
Bankruptcy deals with unsecured and secured creditors differently. We define each type of creditors and explain how these debts are handled in a bankruptcy or consumer proposal.
Credit Cards: Before, During and After Bankruptcy (or Proposal)
We explain what you need to know about credit card use before bankruptcy, when you can get a credit card after filing bankruptcy and more in this guide to credit cards and bankruptcy.
How Can I Stop a “Voluntary Wage Assignment”?
Have you signed a voluntary wage assignment with a payday loan company or other creditor? Find out how you can revoke this assignment or stop a garnishment by filing bankruptcy if you can't repay.
Personal Bankruptcy and Registered Education Saving Plans (RESP)
Learn about how filing for bankruptcy will affect money you may have set aside in an RESP savings and options you have to protect those funds for your children.
Do I have to go to court if I file for bankruptcy?
Bankruptcy is a legal process and in rare situations you may need to attend bankruptcy court. Find out when this can happen and what you should do if this is a requirement before your discharge.
How Long Does It Take To Get My Credit Back After Bankruptcy or Proposal?
Completing a bankruptcy or consumer proposal offers a fresh financial start. Doug Hoyes explains how you can rebuild your credit following insolvency and how long rebuilding credit after insolvency can take.
Tax Returns Not Filed Because You Are Afraid You Have Tax Debts?
It’s not that unusual for people to avoid filing taxes because they are scared large tax debts will arise from it. Find out what can happen if you have unpaid debts to the CRA and what you should do.
Do I Need to Include All my Creditors and Debts in A Bankruptcy?
In an insolvency do you need to include all individuals you owe money too? Even family or friends? This guide covers what debts to include and why, as well as what happens to your credit cards.
CRA Liens on Property – What Are Your Options?
If you have unpaid tax obligations, CRA can place a lien on your home or other property to collect that money. Learn how a consumer proposal or bankruptcy can prevent a lien and erase your tax debt.