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.
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.
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.
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.
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 Happens to My Debt When I Die? 10 Things Every Canadian Debtor Needs to Know
Depending on the stage of life you’re in, you may be wondering what happens to your debt when you die. Can it be inherited? What debts are forgiven at death? Will you be leaving loved ones with the hardship and stress of dealing with your debt at a time they are grieving? These are legitimate worries. If you want to protect your family from dealing with your debts when you’re gone, here’s what you need to know.
Canadian Debt Relief Programs: 5 Strategies to Recover from Debt
Sick of dealing with your debt alone? Are you interested in finding out what kind of Canadian debt relief programs are available? A Licensed Insolvency Trustee (LIT) can walk you through the different debt relief programs and help you determine which one is right for you.
How to Deal With a Debt Collector: Your Rights Under Ontario Debt Collection Laws
In Ontario, you’re protected by the Ontario Collection and Debt Settlement Services Act (the “Act”). The Act sets out strict laws on what a debt collection agency can - and cannot - do. Among other things, it attempts to curb collection agencies from using harassing or intimidating tactics to get you to repay the debt you owe. Here's what this law covers.
Average Household Canadian Debt Levels & The National Canadian Debt Clock
Are you feeling burdened by household debt? Are you worried that a job loss or medical emergency will push you over the edge? Know that you aren’t alone and help is available. Reach out to a Licensed Insolvency Trustee (LIT) to discuss your debt management options.
What Is Vehicle Repossession and How Will It Affect My Finances?
Missed a few car payments and concerned that your vehicle might be repossessed? While this can be a stressful situation to be in, know that you do have options. Reach out to a Licensed Insolvency Trustee today to discuss what you can do to avoid an involuntary repossession.