Our knowledgeable team of Licensed Insolvency Trustees provide information and expert advice to help you on your way to becoming debt free. Our blog includes podcasts, videos, articles, case studies and Industry Insights about consumer proposals and bankruptcy in Ontario as well as personal finance, credit rebuilding and other money management tips for anyone looking to get out of, or stay out of, debt.
Rewinding back to 2014, Cash Store Financial Services Inc. filed for bankruptcy protection due to flawed corporate financial decisions. Doug Hoyes explains the company’s shortfalls and what we can learn.
CRA will accept a settlement through a consumer proposal or will write off tax debts in a bankruptcy. Ian Martin explains what requirements the Canada Revenue Agency will have under each solution.
If you shared credit cards before a divorce, find out who is responsible for any credit card debt regardless of what your divorce agreement says and what happens if your ex-spouse fails to pay off the debt as agreed.
In an insolvency do you need to include all individuals you owe money too? Even family or friends? This guide covers what debts to include and why, as well as what happens to your credit cards.
Credit is so much easier to get today and so many companies have entered the fray. Ted Michalos explains why lending is such a big business and what to look for before you take on more debt.
Cash Store Financial Services Inc. filed for bankruptcy protection in 2014 and are were delisted from the Toronto Stock Exchange. Find out what happened and what our expert insights are.
When you get married, are you liable for your spouse's debts? What happens to your debts, your spouse's debts and when are debts joint debts.
Bankruptcy eliminates most unsecured debts. But what about secured debts and what debts are specifically excluded from your bankruptcy discharge?
You and your trustee will consider several factors prior to filing insolvency to see if it's the best choice for you. Explore what these factors are, if you qualify for bankruptcy and the alternative options.
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.
Struggling debtors all have their own breaking point when it comes to taking action. In this blog, our experts explore trigger points for insolvency and the options you may have if you have unpaid debts.
If you're planning on borrowing money, its’s important to consider how much debt you can take on. Find out more about debt-to-income ratios, warning signs of too much debt and available debt relief options.
Are you struggling with debts that stem from gambling? Find out how one of our clients was able to eliminate his gambling debts through a consumer proposal and how he successfully rebuilt his credit.
If you are considering a consumer proposal to help eliminate your debts, you want your creditors to accept the terms of the proposal. In general, consumer proposals have a 99% acceptance rate.
When you file for bankruptcy, you make monthly payments and surrender certain assets. Find out how these proceeds are distributed to your creditors to release your debts.
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