Debt Relief Experts
Can a Consumer Proposal Be Rejected?
Are you worried about filing for a consumer proposal, and it not being accepted by all of your creditors? Find out how creditors vote on your proposal and what you can do if it gets rejected.
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 To Deal With Debt in Retirement
There are financial responsibilities you should meet before you retire. Here is our retirement planning guide, where we explore how much to save, what to do with debt and how to effectively prepare for it.
Avoid The Surplus Income Penalty With A Consumer Proposal
Did you know there is a surplus income penalty in a bankruptcy if you make more than the ‘threshold’ income? Doug Hoyes explains how to calculate this and ways you can avoid a penalty all together.
Divorce and Bankruptcy: What Happens and Best Time To File
If you are considering divorce and carrying a lot of debt, it's important to be strategic with your finances. This post explains what happens to your marital assets, joint debts, and whether you should file an individual or joint bankruptcy or proposal before or after a divorce filing.
The Consequences of Delaying Filing For Bankruptcy
Are you delaying bankruptcy because you’re scared of what it entails or what it may change in your life? Find out what can happen if you continue to delay the process and why you don’t need to be afraid.
A Complete Guide To Joint Debts
Are you and your partner considering a joint debt, like a credit card? It's important to know your financial and legal responsibilities here, so we created a guide on what you need to know before co-signing.
Can a Joint Bank Account be Garnished in Canada?
The legal ownership of funds in a joint bank account can be complex, especially when it comes to garnishment or creditors' claims. Learn more.
Ontario Statute of Limitations Act and Old Debts
If you ignore a few old debts for long enough will they disappear? Doug Hoyes explains what an old debt is, how they are dealt with and which are excluded from the limitation period.
Insolvency vs Bankruptcy. What Is The Difference?
Understand the difference between the terms insolvency and bankruptcy in Canada. Learn about consumer proposals, the bankruptcy process, and how to choose the right debt relief option for your financial future.
Does Debt Consolidation Hurt Your Credit?
Discover how debt consolidation affects your credit score in Canada. Learn about consolidation methods, their pros and cons, and alternative debt relief options from a Licensed Insolvency Trustee.
Can You Get A Mortgage After a Consumer Proposal?
It is possible to buy a home and get a mortgage after a consumer proposal. Discover timelines, credit rebuilding strategies, and expert tips from Hoyes Michalos to achieve homeownership post-proposal.
407 ETR Debts Dischargeable in Bankruptcy or Proposal
Do you have 407 ETR debts piling up that you can no longer afford to make payments towards? Find out if these debts are considered secured or unsecured, and if they can be eliminated in an insolvency.
Are Government Overpayments Included in a Bankruptcy?
Learn how bankruptcy affects EI, CERB, Ontario Works and other government overpayments in Canada. Understand how Section 178 of the BIA affects what debts are dischargeable.
Bankruptcy Counselling Sessions: What to Expect
Two credit counselling sessions are mandatory if you decide to file for insolvency. Doug Hoyes explains why they are a required duty of you and what you will learn in these sessions.
Student Loans, The 7-Year Rule and Your End of Study Date
Student loans have special treatment in a bankruptcy or consumer proposal. We explain the 7-year rule, what it means for your student loan to be discharged and how to find your end of study date.
How to Deal With A Collection Agent
Are you being bombarded with calls from collection agents and are eager for advice on how to navigate these conversations? Here are our top 10 tips for you when dealing with collection calls.
How Long Does a Consumer Proposal Take?
Discover how long a consumer proposal in Canada typically lasts, from filing to completion. Learn about key milestones and factors affecting the timeline of your debt relief journey.
Consumer Proposal Terms. How To Structure Your Debt Settlement Agreement
Learn how to structure your consumer proposal with flexible payment options. Understand key factors affecting terms and how a Licensed Insolvency Trustee can help.
Disadvantages of Consumer Proposals. Are They Bad?
A consumer proposal is a great way to eliminate problem debt. But, it does come with some disadvantages. The good news is, the benefits often outweigh the downsides. We explain more in this post.
Guide to Student Debt Forgiveness
Are you struggling with payments on your student debt? Here is our comprehensive guide on government relief programs for student loans. Learn when student loans can be discharged in a bankruptcy.
Debunking 15 Common Bankruptcy Myths in Canada
Finding credible information and resources about bankruptcy and personal insolvency can be difficult. In this blog and podcast, Doug Hoyes, Licensed Insolvency Trustee discusses 15 common bankruptcy myths.