Debt Relief Experts
Budgeting During Job Loss
Budgeting during job loss can be difficult. We explain how to take stock of what financial resources you do have and how to ensure you don't go down the debt rabbit hole during a period of unemployment.
Ontario Bankruptcy Blog
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.
Helping Family Financially Not Always A Good Idea
Do you have a loved one asking you for financial support? Learn about three personal stories from our clients, questions to ask yourself before lending money, and other ways you can help them out.
Top Bankruptcy Myths Dispelled by An Expert
Finding credible information and resources about bankruptcy and personal insolvency can be difficult. In this blog and podcast, two Licensed Insolvency Trustees discuss 6 common bankruptcy myths.
Will A Second Mortgage Clean Up All Your Debts?
If rising house prices has helped you build some equity in your home, is consolidating credit card and other consumer debt with a second mortgage worth it? Explore the pros and cons.
Debt Consultant Warning: This is Not a Pretty Picture
Did you know that there are many unlicensed ‘debt consultants’ in Canada? If your answer is no, we don’t blame you because they are tricky in how they operate. Find out why you should avoid them and save your money.
10 Tips for Dealing with CRA and Tax Debt Problems
CRA tax debt problems can build up. Our experts, Doug Hoyes & Ian Martin talk about how to avoid a big tax obligation and what to do if you do face a large amount of taxes owing.
Do Senior Citizens Need to File Bankruptcy?
Senior citizens are experiencing more financial hardships now than ever and they are a rising percentage of Canadians filing insolvency. Our experts talk about options for seniors facing insolvency.
Why Minimum Wage is Not a Living Wage
Did you know that the average individuals that files for insolvency has an income problem, not a debt problem? We explore the comparison between minimum wage and living wage, and offer a solution.
How the Housing Bubble Affects Consumer Bankruptcies
Owning real estate has a significant impact on if and why an individual will file for insolvency. Learn if that impact is positive or negative from our Hoyes Michalos Homeowner’s Bankruptcy Index study.
Top 5 Bankruptcy Issues for Small Business Owners
Are you a small business owner or sole proprietor facing financial hardships? Find out the 5 common concerns you need to be aware of before filing for insolvency, and if you have other options.
Five Money Lessons Your Father & Grandfather Knew
There is no question there are different pressures when it comes to managing your finances than 20 years ago. Yet there are still some good money habits we can adapt from what worked for the past generation.
Debt Consultants: Why You Should Avoid the Extra Cost
Have you considered using a debt consultant? Wondering what they can do for you and if their extra fees are worth the money you'll pay? We explain the harm debt consultants cause and tips on how to protect yourself.
Can I Still Be a Mortgage Broker or a Mortgage Agent if I File for Bankruptcy in Ontario?
Mortgage brokers or agents filing for insolvency may be able to keep their job titles. Find out reasons why a license would be revoked in a bankruptcy and how a consumer proposal can affect you license.
Homeowners Banking On Their Home Equity
Overleveraging your home equity can lead to insolvency. Doug Hoyes talks about how to cope with debt when faced with the high cost of home ownership.
How Car Loans and Car Loan Rollovers Lead to Insolvency
How you finance a car purchase can lead to financial problems. Find out how longer term car loans and rollovers are contributing to loan shortfalls and insolvency filings.