Information About Bankruptcy, Money Management and Debt Help Tips
Recent Posts
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- Canadian Insolvencies Hit Highest Level Since 2009
What Rising Insolvency Numbers Reveal About Household Finances in Ontario and Across Canada Consumer insolvencies in Canada reached their highest quarterly level since 2009 during the first three months of 2026. More than 37,000 Canadians filed a bankruptcy or consumer proposal in Q1 alone, driven b … Read more »
- Bankruptcy as a Newcomer to Canada: Debt and Insolvency in Ontario
A Plain-Language Guide About Bankruptcy as a Newcomer to Canada Permanent resident? Work permit holder? You can file for a consumer proposal or bankruptcy as a newcomer to Canada, provided you currently live here. Filing does not make you inadmissible (it does not bar you from entering or staying in … Read more »
- Bankruptcy and Your Professional Licence in Ontario
What Ontario Professionals Need to Know Before Filing A bankruptcy or consumer proposal in Ontario does not automatically cancel most professional licences. But nearly every regulator requires disclosure, and some have mandatory timelines measured in days, not weeks. Real estate agents, mortgage age … Read more »
- Will You Lose Your House, Car, or RRSP in a Consumer Proposal in Ontario?
Consumer Proposal in Ontario: Residents Should Understand What Happens to Your Vital Assets If you are considering a consumer proposal in Ontario, your biggest concern is likely how to keep your assets safe. And we understand the worry. However, debt relief should provide a path forward, not a step … Read more »
- Consumer Proposal or Credit Counselling? How to Choose the Right Debt Solution in Ontario
A clear comparison of debt relief options and the specific role of credit counselling in your financial recovery. Are you lying awake at night wondering what to do about your mounting debt? It’s a common worry in Ontario right now. With an ever-increasing debt-to-income ratio, many households feel … Read more »