How does a consumer proposal affect your credit score?
There are two credit agencies in Canada; Equifax and TransUnion. They are public companies and not [...]
How does a consumer proposal work?
A consumer proposal allows you to offer a settlement to your unsecured creditors payable over a [...]
Consumer Proposal vs Bankruptcy – What is the Best Solution for You?
The best solution for you will depend on your individual circumstances and personal morals. Both a [...]
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 [...]
Settling debts on your own versus filing a consumer proposal
If you have fallen a couple of months behind on your minimum monthly payments, your creditors have [...]
