Debt Consolidation – An Alternative to Bankruptcy

man grips head looking at papers

It seems like the number of bills is endless these days. With car payments, phone bills, an infinite number of media subscriptions, and household bills, how are you expected to save money or buy gifts for loved ones? People who feel like they’re drowning in debt don’t necessarily have to file for bankruptcy. Debt consolidation is […]

How Long Does It Take To Get Out of Bankruptcy in Ontario?


The prospect of declaring bankruptcy in Ontario is daunting for anybody. Somebody lacking experience or professional help will undoubtedly be stuck with a seemingly endless list of questions about what bankruptcy is and the steps they need to take. “How long does bankruptcy take?”  If you haven’t declared bankruptcy yet, and are considering whether or […]

Do I Have to Declare Bankruptcy if I Call a Licensed Insolvency Trustee?

a debt advisor explaining a financial plan to a couple dealing with debt

In recent years, more and more Canadians have been struggling with overwhelming debt. From overuse of credit cards to job loss and medical expenses, debt can be caused by various factors, some of which we have no control over. Dealing with debt is one of the most emotionally draining and challenging times in an individual’s […]

How to Deal With Creditors

a young woman stressed while working on her financial issues

From an unexpected job loss to a medical emergency, it can be easy to fall behind on paying your bills. It can be incredibly frustrating and overwhelming when you receive continuous collection calls from impatient creditors. If a debt collector is calling you about the money you owe them, the last thing you probably want […]

How to Get Out of Debt

person holding an empty wallet trying to improve his financial situation

Whether you’re in debt from mortgages, credit cards, personal loans, or bills, turning around your financial situation can’t happen unless you put in the work. Between keeping up with your monthly bills and saving up for a rainy day, it may feel like it’s impossible to make debt payments without making your life miserable. As […]

What is Exempt from Bankruptcy in Ontario

a man filing for bankruptcy looking stressed

One of the biggest concerns people have when filing for bankruptcy is what assets will be taken away. Though people are looking to start fresh, they also need their vehicle and be able to earn a living to support themselves. Bankruptcy is not punitive. It gives you protection from creditors and a chance to get […]

Budgeting Tips for a Debt-Free Life

young couple using budgeting tips to manage their debt

It might seem impossible when dealing with debt, but you can achieve a debt-free life with the right budgeting tips and strategies. No one willingly wants to be in debt. It adds unnecessary stress to your already demanding life and it costs money you could be spending elsewhere. Money management is a key skill everyone […]

When is it Time to Hire a Licensed Insolvency Trustee?

older couple reviewing finances to figure out how to manage their debt

When living paycheck to paycheck, getting caught up in trying to pay the bills can prevent you from realizing you need professional financial help. Debt can leave anyone stressed out and unsure of how to proceed. From seeking credit counselling to filing for bankruptcy, there are multiple debt-relieving solutions out there to help you get […]

When to Seek Debt Counselling

a man looking stressed while reviewing the bill payments he owes

If you’re struggling to pay your bills, debt relief solutions have likely crossed your mind. Managing your finances doesn’t have to be difficult, all you need is to be steered in the right direction. Debt counselling services are offered by credit counsellors, who provide individuals with guidance on consumer credit, debt management, and budgeting. All […]

Consumer Proposal – An Alternative to Personal Bankruptcy

licensed insolvency trustee speaking to a couple about a repayment plan for their consumer proposal

The last couple of years has been incredibly hard on everyone, emotionally, physically, and financially. Job loss and medical expenses are the leading causes of bankruptcy, severely disrupting individuals’ financial stability. Before seeking debt-relief options, many people try cutting back on their spending, though that’s easier said than done. The most known debt relief option […]