Almost one in five insolvencies in Canada which include a bankruptcy or consumer proposal involves someone who is experiencing a relationship or marital breakdown. Understanding how this can affect...

Are Payday loans a ripoff? So payday loan companies are everywhere. We all see them under different brand names in most towns and cities in Ontario. The question is are they a great community...

We have all heard the saying that there are only two things that you can’t avoid in life and they are death and taxes. If you are over your head in tax debt and are unable to pay what is owing there...

Will we lose our house? Usually, this is the very first question heard by most Licensed Insolvency Trustees. It is the question uppermost in the minds of homeowners considering bankruptcy. While the...

Your Financial Recovery Over the years I’ve met many people facing financial difficulty. One thing that struck me is how often I’ve come across clients who didn’t seem to have a plan. Here are five...

Generally speaking, most people will not lose their vehicle in bankruptcy. For example, you will not lose it if you need it for work. What about car loans? If you have a car loan and the vehicle is...

The bad news is if you just continue paying the monthly minimums you will never ever pay off the debt in your lifetime. The good news is you can be debt-free sooner than you think! Let’s say you...

The Bankruptcy and Insolvency Act is one of the statutes that regulates the law on bankruptcy and insolvency in Canada. It governs bankruptcies, consumer and commercial proposals, and receiverships...

Most often, credit companies will not issue a card until you have been discharged from your bankruptcy. If unopposed, which most are, you should expect to receive your discharge in about nine...

Credit Scores and Consumer Proposals Generally, a person who declares bankruptcy or files a consumer proposal will get the lowest possible credit score. When you file a consumer proposal, credit...