Articles & Insights
What is considered a large amount of debt?
Debt is a common part of life nowadays, and indeed not all debt is actually bad.
General
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Discover More About Debt and Debt Solutions in Canada with helpful articles & debt advice
Explore articles, guides, and videos designed to help you understand your debt relief options, protect your assets, and make informed decisions with confidence.
Articles & Insights
Mortgage renewal: what should I do?
For most homeowners in Canada, the end of a mortgage term is an important financial milestone.
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Can your debt survive a bankruptcy in Canada?
Handling any unmanageable debt that you have can be a stressful and intimidating experience.
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What happens if you can’t pay your mortgage in Canada?
Owning your own home is an important milestone for many Canadians. Yet with great privilege comes great responsibility.
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The 47 year mortgage – what does it mean for you?
The Canadian mortgage landscape has no doubt shifted in recent times, with houses unfortunately becoming increasingly difficult for many Canadians to own.
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Insolvencies on the rise – what should you do if you think you may be insolvent?
Canada’s economic landscape has been hit by a number of challenges over the last few years.
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CRA sending debt letters? Here’s what you should do
We understand how it can feel when you receive threatening letters from the Canada Revenue Agency (CRA), or any creditor for that matter.
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Canada bank accounts frozen? Here’s how to act
If you are already battling unmanageable debt and are living paycheque to paycheque, a frozen bank account is unlikely the most helpful circumstance for you.
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Who pays for bankruptcies in Canada?
Bankruptcy is a legal process designed to offer relief to individuals and businesses overwhelmed by debt, allowing them to re-organize or liquidate their assets to repay creditors.
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Defer mortgage payment: a guide to deferrals
There are many reasons why many of us struggle at some point to make our mortgage payments on time in Canada. Financial hardship, unexpected expenses, or even economic downturns and an increase in the cost of living are all reasons it may be difficult to make timely mortgage payments.
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How bankruptcy works in Ontario
Bankruptcy is a legal process that allows individuals and businesses in Ontario and the rest of Canada to manage their overwhelming debts and regain financial stability.
Articles & Insights
Why does the court have to approve a consumer proposal?
A consumer proposal is Canada’s most popular bankruptcy alternative. It is a legal debt settlement process in line with the Bankruptcy and Insolvency Act, whereby an individual works with a Licensed Insolvency Trustee to suggest an affordable monthly repayment figure to their creditors.
See How Much You Could Save With a Consumer Proposal!
Not sure where to start? Our easy-to-use calculator helps you estimate how much a consumer proposal could reduce your debt.
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