What Is Debt Settlement and Is It Right for You?
Debt settlement is a debt repayment strategy that can be used to eliminate a portion of your debt. In some cases, debt settlement can provide debt relief. However, there is risk involved.
The State of Ontario Business Bankruptcy
In 2020, insolvencies declined in all major cities in Ontario across most industries. Learn why Canadian business insolvencies were down in 2020 and 2021 and why this trend isn’t likely to last.
What Is Old Age Security (OAS)?
What is Old Age Security (OAS), how much does it pay per month, can you take your OAS payments early, and do you have to pay taxes on OAS? Here are all of the answers to your OAS pension questions.
How to Protect Yourself Against the Rising Cost of Living in Ontario
If you’ve noticed higher price tags on the products you normally buy, then you’re not alone. Due to the pandemic, and more recently the war in Ukraine, inflation has exponentially increased the cost of living in Canada over the last…
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.