Articles & Insights
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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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
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.
Articles & Insights
CERB repayment: What if I can’t afford it?
Are you anxious about how you will go about paying back government benefits? This is the problem of many Canadians, who, in the height of lockdown during the pandemic, were unable to work.
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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.
Articles & Insights
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.
Articles & Insights
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.
Articles & Insights
Remove collections from credit report in Canada: a how-to guide
Many of us face occasions where we are not able to pay our bills on time, be it due to a job loss, unexpected medical bills, or even a divorce.
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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.
Articles & Insights
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.
Articles & Insights
Consumer proposal FAQs
A consumer proposal is a legal debt settlement option available to Canadians who find themselves overwhelmed by their financial obligations.
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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