Get detailed information on what bankruptcy is, which assets are exempt from seizure, your responsibility in a personal bankruptcy and if bankruptcies are part of the public record in Canada.
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…
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…
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…
We work with individuals and families every day who are navigating financial stress and looking for real, practical solutions. One of the most significant proposed changes in 2026 is the new threshold for consumer proposals, increasing from $250,000 to $325,000.…
We believe that transparency is essential—especially when it comes to something as important as resolving debt. With new trustee fees in Canada coming into effect on March 31, 2026, many Canadians are wondering what this means for them. How Does…
A single income in Ontario reshapes what it means to manage a household. With no secondary money sources, rent, grocery bills, and transportation costs can easily take the place of savings, paying down debt, and keeping a healthy credit score.…
Many Canadians struggle with long-overdue debts, often unsure if creditors will even come to collect. The confusion stems from statute-barred debts, or debts that have passed their legal limitation period. This article outlines how limitation periods work, their role in…
When facing the threat of bankruptcy, the first instinct is often to cut expenses or consolidate debt. Those are important steps, but they don’t always prepare you for life’s curveballs: a lost job, a serious illness, or an unexpected accident.…
Most Canadians carry some form of household debt. From a mortgage to a car loan to a credit card balance, we all use debt as a financial tool. But when does normal borrowing cross the line into the danger zone?…
Income disparity is a growing reality in Canada. As the cost of living rises and economic uncertainty lingers, the wealth gap across generations and social groups widens. While some Canadians have established solid financial foundations, others are losing ground—particularly Gen…
