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 [...]
What happens if I can no longer continue my business due to overwhelming debt?
The Office of the Superintendent of Bankruptcy reported a 58.3% increase in Canadian business insolvency filings in [...]
Starting 2023 with a Financial Fresh Start
We likely all welcomed the lifting of pandemic restrictions and the return to in-person activities in 2022. [...]
