Debt
Guides and tools to resolve your debt problems.
Guides and tools to resolve your debt problems.
Guides and tools to stop debt collection agencies.
Repay your creditors part of what you owe.
Debt forgiveness for when you cannot repay your debts.
If you’re considering bankruptcy, this guide is for you. We’ll explore bankruptcy alternatives in Canada, so you can decide which option suits you.
The rising cost of living is startling, and many Canadians are using credit cards to supplement their income and stay…
The cost of higher education has steadily increased over the last decade, and the most recent Canadian student debt statistics don’t make for easy reading.
This guide will show you what to do if you receive a CERB repayment letter and your options if you can’t repay CERB.
How to repay CERB, what happens if you don’t make your CERB repayments and the alternative options if you can’t pay back CERB.
Learn what a garnishee order is, what types of debts can be garnished, and how to stop a garnishee order.
We examine how bankruptcy affects your credit options and show you an easy way to get a credit card after bankruptcy in Canada.
If you don’t repay a debt, your creditor can hire a collection agency to pursue you for what’s owed. In…
A guide to Canada debt relief. Learn the pros and cons of each Canadian debt relief program so you can choose the right one.
How long do collections stay on your credit report? In this guide, we answer these questions and look at ways you can rebuild credit.
If you borrow money and don’t pay it back on time, you’ll likely be pursued for the money through a…
In Ontario, creditors can only take legal action for two years starting from when you last acknowledged the debt or made a payment.
A credit card can be helpful for flights, hotels, or emergencies. So it makes sense that you want to hold…
Money is the most common cause of problems in marriage and relationships, and arguing about money is the top predictor…
If you rely on credit, have suffered a loss of income and can no longer pay your debts, bankruptcy could offer a way out. Learn how bankruptcies work.
If you have an income tax debt you cannot repay, the Canada Revenue Agency (CRA) may demand repayment or take…
If you are making your mortgage payments, it’s unlikely you will lose your house in bankruptcy in Canada. It’s possible to keep your home.
Through the Repayment Assistance Plan, provincial programs and formal debt relief, you can benefit from Canada student loan forgiveness.
If you’re struggling to pay your bills and want to avoid declaring bankruptcy, a consumer proposal is a safe way…
Through a consumer proposal, you can reduce and consolidate your debt, stop collections and lift wage garnishments. But can you…
You can eliminate student loan debt in a consumer proposal if it’s been seven years or more since you were a full-time or part-time student.
Learn how to file a consumer proposal in Canada with a Licensed Insolvency Trustee.
Being able to resolve your debts at an affordable cost while protecting your home is one of the great benefits…
When it comes to consumer proposals, there are inevitable and understandable questions about the impact on your credit score. While…
Like all debt solutions, there are advantages and disadvantages. Explore the pros and cons of a consumer proposal to help you decide.
A consumer proposal and bankruptcy are two popular legally binding debt forgiveness programs in Canada, but there are significant differences.
You can declare bankruptcy in Canada and keep your vehicle. Each province or territory has exemptions for your motor vehicle up to a specific value.
There is a sense of accomplishment when you complete a consumer proposal and pay off your debts. Through the financial…
Debt collection is different throughout Canada, but you have rights that collection agencies must respect. In this article, you’ll learn…
If you are considering filing a consumer proposal, you want to know how long it takes. The short answer is…
It is highly recommended to open a new bank account before filing a consumer proposal. This guide will explain why…
Discover the true cost of bankruptcy and what you can expect to pay. Learn about administrative costs, surplus income payments, and assets.
A consumer proposal helps thousands of Canadians recover from financial hardship, but how do you qualify for a mortgage after…
When you file bankruptcy, your income determines how much you will pay. If you have surplus income, the cost of bankruptcy is higher.
Can you be sued for an outstanding debt if you have not made any payments or received any communication from…
Filing for bankruptcy in Canada will have an impact on your savings and pensions, but some are protected during bankruptcy proceedings.
A consumer proposal allows you to clear your debts and begin rebuilding your credit at a faster rate than you…
In this guide, you’ll learn how debt consolidation works in Canada and the many ways to consolidate your debts.
When you file for bankruptcy, the tax return process will differ slightly, and there are some tasks that you must carry out with assistance from a Licensed Insolvency Trustee.
If it has been at least seven years since you were a student, your student loan debts can be eliminated through bankruptcy.
You can use bankruptcy to legally clear your tax debt alongside other unsecured debts. The CRA is treated the same as other unsecured creditors.
Bankruptcy shouldn’t be a scary experience. Learn what happens when you file for bankruptcy in Canada with a Licensed Insolvency Trustee.
If you’ve exhausted all other options, filing for bankruptcy is sometimes the best way to stop the rot. Explore the pros and cons of filing for bankruptcy in Canada.
You can complete a first-time bankruptcy in just nine months if you fulfil your bankruptcy duties and there are no objections to your discharge.
A stay of proceedings in Canada provides immediate protection from your creditors during your bankruptcy or consumer proposal.
Learn how to file bankruptcy in Canada with this comprehensive guide on the bankruptcy process and what to expect after you file.
Being discharged from bankruptcy means you are released from your debts. Find out more about bankruptcy discharge and how to be discharged.
When you complete a consumer proposal, your Licensed Insolvency Trustee will give you a Certificate of Full Performance.
If you are considering filing a consumer proposal to resolve your unsecured debt, you might worry that a consumer proposal…
When considering a consumer proposal, you may wonder if it will affect your current employment or stop you from getting…
If you are considering filing a consumer proposal, you’ll want to know what happens when it is finished. This post…
A consumer proposal is a popular debt settlement program, but how much does it cost? In this guide, you’ll learn…
Joint bankruptcy can make sense if you have shared debts. This guide examines how to file for joint bankruptcy and its advantages and disadvantages.
You might need a bankruptcy trustee if you are in financial trouble. Learn what a bankruptcy trustee does and their role in providing debt advice.
If you don’t pay back a debt on time, a debt collection agency will pursue you for the money. When…
Who pays for bankruptcies in Canada? Is it taxpayers, the government or someone else? This guide looks at the costs involved.
Having debts in collections is often a frightening experience, especially if you’re struggling to stay afloat financially. Debt collection agencies…
A BIA Insolvency Counsellor works alongside a Licensed Insolvency Trustee providing insolvency counselling.
Learn how the Canada Revenue Agency (CRA) collects outstanding debt and what tax debt relief is available in Canada.
The best thing about a consumer proposal is that it allows you to resolve your debts without affecting your home,…
With so many debt relief solutions out there, which one is the right one for you? If you are in…
When you file bankruptcy, you keep some of your assets. Items like furniture, personal effects, work tools and savings plans can be safeguarded, as well as your house and vehicle.
In most cases, bankruptcy won’t affect your employment, but there are some exceptions, and some industries require you to disclose this information.
Before you borrow money, use this guide to learn the differences between unsecured vs secured debt and what this means for you.
If you file for bankruptcy or enter into a consumer proposal, you must undertake two financial counselling sessions as part of the Insolvency Counselling Program.
Nobody wants a private matter like bankruptcy to become public knowledge, but the truth is only a handful of people will ever know.
Bankruptcy doesn’t affect your spouse or common-law partner unless you have a co-signed loan, shared debts, or guaranteed payment of a debt.
