Debt Relief Experts
What to Do When Creditors Threaten Legal Action
It can be stressful having collections agents threatening you for unpaid debts. Learn what your rights are as a debtor, how to protect yourself from creditors and what to do if actions have been taken.
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.
Wage Garnishing: Know Your Rights
Wage garnishment is one of the legal actions your creditors can take when you have unpaid debts. Find out everything you need to know about this legal proceeding and how bankruptcy can stop this.
Keeping Your Small Business Afloat While Dealing with Debt
Is your small business facing financial hardship? Are the unpaid debts piling up? In this blog, we offer 5 possible solutions you can use to help keep your business afloat during tough times.
I Can’t Pay My Bills. What Are My Alternatives?
What happens when bills start piling up and you can't meet your monthly debt payments? What actions can lenders take? Discover what options you have to recover your finances.
What are My Options When In Debt if My Income is from Social Assistance, Pensions, or Support Payments?
Are you in a financial situation where you have no additional income to make your debt payments? Do you need to go bankrupt and can you afford the cost? What can you do to protect what money you do have coming in.
How do I Stop a Wage Garnishment by Making a Deal with My Creditor?
If your creditors have already obtained a garnishee in court, there are two alternative options you have instead of paying it. We’ll explain ways you can make a deal with your creditors in this blog.
How To Pay Credit Cards – Pay More Than The Minimum
It seems like a simple concept, but some people do find themselves in a vicious cycle of only paying the minimum amount. Ted Michalos explains why paying more than the minimum benefits the consumer.
If You Don’t Need to Go Bankrupt, I’ll Tell You
Did you know that we advise 90% of clients that call our debt help line to not file bankruptcy? We explore step-by-step how our process works using a client story, to give you an idea of how we treat all our clients.
EXCLUSIVE: Why does the Royal Bank vote NO on consumer proposals more than all other creditors combined?
Did you know that 99% of our consumer proposals are accepted by creditors? And that the Royal Bank makes up majority of creditors that vote against them? Doug Hoyes explains why here.
Why Budgeting is a Bad Idea
Do you find it difficult to stick with budgets you create? Well, most people do, so what are your options? Find out what our secret to budgeting is and our top tips on how to stay on top of bills.
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.
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.
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.