Debt Relief Experts
What Happens When You Face a Tax Bill for CERB Payments?
The utilization of CERB payments for eligible Canadian’s counts as taxable income. We explain your options if you can't pay your CERB or CRB tax obligations.
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.
Predatory Lending: How to Identify & Avoid Unfair Loan Practices
Predatory loans are the causative agent of 40% of filings for bankruptcy or consumer proposals in Canada. Read along for Doug Hoyes’ tips on how to spot this form of lending and how to protect yourself.
Does Owing Taxes Affect Your Credit Score in Canada?
Does the Canada Revenue Agency report unpaid taxes on your credit report? This guide covers how taxes and other factors affect your credit score and what you can do about it.
Should Married Couples Get a Joint Consolidation Loan?
Trying to figure out if a joint loan is your best option? Learn here, about the pros and cons of having a joint consolidation loan with your partner and debts that may be a bad idea to consolidate.
How to Remove a Real Estate Writ after a Bankruptcy or Consumer Proposal
Has there been a real estate writ issued against you? Find out what you need to know about writs, from how it affects your bankruptcy or consumer proposal and how to remove a writ after discharge.
Should I Borrow to Pay Taxes to CRA?
If you are unable to meet your tax payments, you may be considering borrowing to reduce long term interest and penalties. Learn if taking out a loan to pay taxes is a good choice for you.
Should You Consolidate or Pay Bills with a Car Title Loan?
Considering borrowing against your vehicle to help deal with some debts? Find out how car title loans work, the advantages and disadvantages, and other options you have to pay off debts.
Debt Management Plan or Debt Consolidation Loan. Which Makes More Sense?
Are you in a difficult financial situation and looking at options on how to deal with your debts? Here is your guide to two common approaches: debt management plans and consolidation loans.
Dealing with The Consequences of Loan Deferrals When the Deferral Period Ends
During the pandemic, many Canadians have opted for loan deferrals, but what happens when that deferral period ends? We explain the consequences of deferral and how you can recover when payments are due.
Beware The Payday Loan Modification Trap
Payday lenders will try anything to collect. Loan modification agreements do not alter the ability of your bankruptcy or proposal to wipe out these debts. Learn about these traps from Ted Michalos.
25 Things You Must Know About a Consumer Proposal
Roughly two-thirds of Canadians choose a consumer proposal to eliminate debt. Here are our top 25 facts you need to know about consumer proposals to help you determine if it's a good option for you.
Should You Get a Debt Consolidation Cosigner?
Thinking about applying for a debt consolidation loan, but don’t have good credit? A cosigner can help you get approved but there are risks. Learn the pros and cons, and alternatives if you are not successful.
Is a Debt Jubilee The Solution to Our Collective Debt Problem?
Doug Hoyes weighs in on whether or not a debt jubilee is a solution to high household debt, student debt and how a modern debt jubilee might work for both private loans and government loans.
Voluntary Surrender. Should I Hand My Vehicle Back?
If you are filing for a consumer proposal or bankruptcy, should you keep your expensive vehicle loan? Find out if it’s in your best interest to voluntarily surrender your vehicle as part of your insolvency.
Dealing with Car Loan Debt and Vehicle Repossession
Your lender can repossess your car if you are not making your payments on time. Learn about what a vehicle repossession means for you and your debts, and how you can avoid this proceeding.
You Can Now File a Consumer Proposal and Bankruptcy Online in Canada
Consumer proposals and bankruptcy can now be filed entirely online. Learn how trustees are using video calls and digital signing to help Canadians overwhelmed with debt.
Can Canada Response Benefits (CRB) Be Garnished?
Blog Post Updated October 2020: Find out more about Canada’s Response Benefits, and if these payments can be garnished.
Filing Bankruptcy or Consumer Proposal as an Insurance Broker in Ontario
Does filing for insolvency as an insurance broker in Ontario have a negative impact? Learn about what happens to your registration if you file and what we believe is the best option for you.
How to Ensure CRA Will Accept Your Consumer Proposal
Are you thinking about filing a consumer proposal, but are unsure if the CRA will accept it? Doug Hoyes provides his best tips for a successful proposal involving tax debts based on his extensive experience.
Should I Get A Debt Consolidation Loan? Pros and Cons
Debt consolidation loans are one of the several debt relief options consumers can use to help them deal with debt. Explore how these loans work, pros and cons, and if consolidation makes sense for you.
Why Bad Credit Installment Loans Are Seldom the Answer
Are you trying to quickly pay off some credit card debts or old bills with a cash loan? Here is our expert opinion on why these credit instalment loans might not be such a good idea.