What happens if you lose a lawsuit and can’t pay in Canada?
To clarify, I am not a lawyer, and thus, I am not giving anyone legal advice. If [...]
What is the right amount to offer in a consumer proposal?
Contrary to the advertisements that may pop up on your social feeds, there is no quick fix [...]
What to do when you receive a collection notice from the Canada Revenue Agency (“CRA”)
Amounts owing to the CRA for personal income tax and HST sometimes get pushed aside to concentrate [...]
The Meaning of Insolvency
If you are in debt, you may hear the word “insolvency” being used. What does this mean, [...]
Is a Consumer Proposal a Loan?
Many people reach out to a Licensed Insolvency Trustee (“LIT”), thinking that we pay their debt in [...]
Income Tax Debt and Insolvency
Based on the number of inquiries I have received recently, the Canada Revenue Agency (“CRA”) is getting [...]
What happens if I can no longer pay my consumer proposal?
When you filed your consumer proposal to your creditors, you couldn’t possibly have imagined the world would [...]
What happens to debts that have been co-signed in a bankruptcy or proposal?
The purpose of filing an assignment in bankruptcy or consumer proposal is to provide you relief [...]
Check Your Credit Report with These Credit Reporting Agencies in Ontario
It is recommended that you check your credit report at least once a year for accuracy and [...]
What is the First Step to Filing a Bankruptcy or Consumer Proposal?
If you have finally taken the very difficult step of acknowledging that you cannot handle your debt [...]
