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A consumer proposal is an agreement between you and your unsecured creditors to pay less than what you owe on your debts. It can be a highly effective tool for reducing your debt burden and offers many benefits, such as the right to keep all your assets. But did you know that your credit needs to vo … Read more »

Managing your finances can sometimes feel overwhelming, but simple habits can make a huge difference in your success. One of these is reviewing your bank account statements regularly. A bank statement is more than just a list of your monthly financial transactions – it’s a handy tool that can help y … Read more »

If you are deep in debt, you may feel the best solution for debt relief is personal bankruptcy. It’s important to know that, while bankruptcy is a readily available last resort for debt relief, it’s not your only option. Before picking bankruptcy, you can try to file a Division 1 Proposal in Canada … Read more »

When you file a consumer proposal, your primary responsibility is making monthly payments to your unsecured creditors through your Licensed Insolvency Trustee (LIT). But what happens if your income drops and you can no longer afford your payments – or your creditors have rejected your proposal? The … Read more »

Have you recently completed bankruptcy or considered the process to eliminate your debts? If so, you may have concerns about the damage to your credit, and more importantly, how to rebuild your credit after bankruptcy in Canada. With a tarnished credit history and low credit score, qualifying for ne … Read more »