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.
The Emergency Loan for Canadians Abroad program has issued repayment requests to recipients to pay in full within 180 days. Here, we explore what to do if the allotted time passes and you have unpaid debts.
Find out if a bankruptcy or debt settlement is the right choice if you are struggling with problem debt. We take a deep dive into the pros and cons of both options and provide next steps to debt help.
Your credit history directly affects your credit score and report. Our guide explains what you need to know about credit history, how it affects your ability to borrow and how to manage it.
What is the point of making extra loan payments? Here we explain how making more payments can save your money and help you pay off your debts much earlier.
Are leased or financed vehicles included in your bankruptcy? Learn how car payments are treated in a bankruptcy or consumer proposal and what happens to your car loan or lease obligation.
If you are facing a power of sale or foreclosure by your mortgage lender, find out what the basics and differences of both legal proceedings are, and what options you have.
Will filing for bankruptcy help stop a mortgage foreclosure? Can I keep my home? What are my options if I cannot afford my mortgage payments? Find out with our comprehensive guide to foreclosures and bankruptcy.
Bankruptcy and credit counselling are two commonly compared options to deal with debt problems. Understand the benefits and downsides of each alternative and which would best suit your financial situation.
Threatening an involuntary bankruptcy can be a very intimidating tactic that collection agents use against debtors. Want to know if this actually applies to you? Doug Hoyes explains.
A Consumer Proposal Administrator is someone who can file for a consumer proposal. In fact, they are the only authorized debt expert in Canada who can. Learn about their role and how to find one in this blog.
It's non uncommon for credit reporting companies to make mistakes on credit reports. We explain why you should check your credit report yearly, common mistakes to look out for, and how to fix them.
Doug Hoyes explains what happens with your principle balance and interest rates when you can’t afford your deferred mortgage payments. Learn about options you have to help you move forward.
A right of offset is when you have unpaid debt, and your lender seizes money directly from your bank account. Learn about who can exercise this legal proceeding, when it can occur, and what you can do about it.
Has a debt collection agent called, and left you confused about what your rights were in the situation? This guide explains Ontario’s debt collection laws and how to deal with these agencies.
Are you feeling pressure because you have unpaid debts to the CRA? In this guide we’ll explain various CRA collection methods and how insolvency works to stop the CRA and clear your tax debts.
Do you ever wonder if the debt you have accrued is more than you can handle? Or what is considered a ‘normal' debt-to-income ratio of someone in your financial situation? Find out more in this post.
Has the CRA charged you with interest or penalties? Learn about financial situations that qualify for waived charges, how to file for the CRA Taxpayer Relief Program and what to do if you aren’t approved.
Wondering what happens after you’ve completed the mandatory requirements of a consumer proposal? We explain what a Certificate of Full Performance means for you and what happens with your debts.
Many Canadians rely on credit cards for emergency funds. Is this a good idea? Doug Hoyes explores whether credit cards are OK to use in an emergency and whether to pay off credit card debt or create a rainy day fund.
Lacking the financial knowledge of how to successfully solve your debt issues? Explore the most common barriers Canadians face when paying down debt and discover steps on how to better manage your balances.
Does my credit profile expose me to risks when applying for loans? Use this guide to help you understand what your borrower risk profile is, and how to navigate your lending options.
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