Debt Restructuring
Are you juggling a lot of debt? Do you have multiple debt payments coming out of your bank account on different days with different interest rates? If you feel your debt is out of control, you could be looking for…
Can’t Pay Your CEBA Loan? CEBA Loan Repayment And Forgiveness
The Canada Emergency Business Account (CEBA) provided a financial lifeline to 898,271 small businesses in Canada during the Covid-19 pandemic. Many of these businesses experienced mandatory closures and reduced revenue due to Covid-19 measures. Some of these companies might have…
How Many Times Can You File For Bankruptcy? Multiple Bankruptcies in Ontario
Life rarely goes as smoothly as we’d like, especially in today’s economy. And when you find yourself deep in debt once again, you may be considering filing for Bankruptcy for a second time. It is not as unusual as you…
Should You Ever Pay A Collection Agency?
Is a collection agency relentlessly calling you demanding payment for an old debt? If you’re in this situation, it helps to know how to deal with debt collectors and if it would be in your best interest to pay them.…
Financial Anxiety – Dealing With Debt Stress Syndrome
Are you losing sleep because of debt stress or other financial worries? If so, know you're not alone. Financial anxiety prevents 48% of Canadians from sleeping well. The top three financial concerns keeping people up at night are debt (57%),…
Unable To Make Bill Payments – Rising Consumer Debts & Insolvencies In Canada
What is Contributing to Rising Consumer Debt and Insolvencies in Canada? When it comes to what is causing the rise in consumer debt and insolvencies, there is no single answer. Instead, there are several contributors working in concert causing some…
The Complete Guide to Debt in Canada
Are you in debt and looking for ways to manage it? Or are you simply interested in learning about the ins and outs of borrowing? Either way, this guide is here to help you navigate the world of debt in…
Canadian Government Debt Relief Grants & Programs
If you are overwhelmed by your debt, you might be searching for government relief grants or debt relief programs to help you stay afloat. There are instances when the government will step in to support programs that provide financial relief…
An Overview of the Companies’ Creditors Arrangement Act (CCAA)
Large companies that owe creditors more than $5 million can consider the Companies Creditors Arrangement Act (CCAA) as an alternative to Bankruptcy. If you are concerned about debt, reach out to a Licensed Insolvency Trustee (LIT) today to discuss the CCAA.
Are CERB Repayments Included in Bankruptcy?
If you can’t afford Canada Emergency Response Benefit (CERB) repayments and are contemplating Bankruptcy know that it is possible to eliminate CERB debt if you file for Bankruptcy or a Consumer Proposal.