Discover the Best DIY Debt Solutions You Can Use Today
If you’re interested in using DIY debt solutions to track your finances, plan for your future, or pay down your debts, there are several strategies you can try.
What’s the Difference Between a Bankruptcy Trustee and a Licensed Insolvency Trustee in Ontario?
Licensed Insolvency Trustee in Ontario, Personal Bankruptcy Trustee, Trustee in Bankruptcy, Bankruptcy Lawyer -- what's the difference among these job titles? Which one do you need to file a personal Bankruptcy or Consumer Proposal? Which one is licensed by the Canadian Government? Here's an explainer.
Causes of Canadian Debt and How to Deal With it
Canadians are in debt. With high inflation, rising interest rates, expensive housing, and increased spending, it should come as no surprise. If you are struggling with debt and insolvency, reach out to a Licensed Insolvency Trustee for help.
Can I File for Bankruptcy While on Long-Term Disability?
Are you on long-term disability because you’re too sick or injured to work? Do you find yourself taking on more and more debt because your benefits only cover a percentage of your regular income? Are you starting to wonder whether…
Are Bankruptcies Part of the Public Record in Canada?
The realization that Bankruptcy may be your only remaining option can feel scary, overwhelming, and even embarrassing. Many people see filing for Bankruptcy as the ultimate personal and financial failure. However, the truth is, Bankruptcy can help to relieve an…
What the Pandemic Has Taught One LIT About Debt Management
We reached out to Derek Chase, a Licensed Insolvency Trustee with nearly 25 years of experience working in British Columbia. Derek primarily consults with individuals overwhelmed with debt, helping them find solutions. We asked Derek to share his realizations as an LIT during the pandemic.
What Is Fiduciary Duty and Why Does It Matter?
You might have heard the word fiduciary thrown around in a conversation at a party or if you’ve ever looked for a financial advisor. But, do you know what the term really means? This article will provide a definition of fiduciary duty, what it is, and why it’s important to understand what it means.
Ontario Bankruptcy and Consumer Insolvency Statistics in Canada
If you are on the brink of consumer insolvency, know that you are not alone. While current Ontario Bankruptcy and Consumer Proposals remain lower than pre-pandemic levels, this is likely to change due to rising interest rates and the end of government programs. Now is the time to speak to a LIT.
What Is Cryptocurrency and Is It a Safe Investment?
There’s a lot of hype around cryptocurrency but is it a good investment? Due to high volatility, investing in crypto can be risky. If you’ve lost money in crypto and are considering bankruptcy, reach out to a Licensed Insolvency Trustee (LIT) today.
When to Hire a Financial Advisor vs. a Licensed Insolvency Trustee (LIT)
If you’re trying to stay on budget and repay your debt but you just can’t seem to get ahead, you might consider hiring a financial advisor to help to get your financial life in order. While it’s a great idea…