Debt Consolidation

Debt Consolidation in Nova Scotia: Find Relief & Regain Control

In Nova Scotia, where coastal beauty meets a rich cultural heritage, the picturesque landscape can often mask the silent struggle faced by many grappling with overwhelming debt. The burden of debt infiltrates every facet of life, extending beyond the financial realm and into your relationships and overall well-being. This article dives into the Nova Scotia…

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Loan Consolidation in Canada – Simplify Your Monthly Payments

Managing finances in today’s world can sometimes feel like a juggling act. Finding ways to simplify your financial burdens and commitments is crucial for long-term financial success. Fortunately, several options are available, regardless of your credit rating or economic circumstances. Loan consolidation is one of many viable strategies to streamline your monthly payments, providing an…

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Alternatives to Bankruptcies: Pros and Cons of Filing in Canada

Navigating a financial slump can be a difficult and uncertain time for individuals and businesses alike, with bankruptcy often looming as the only option. But luckily, there are some bankruptcy alternatives to consider before taking such a drastic step, including debt consolidation, consumer proposals, credit counseling, and debt settlement. This article will: Weighing up all…

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Avoiding The Debt Consultant Trap

Avoiding The Debt Consultant Trap

In recent years, the number of debt consultants in Canada has seemingly increased significantly. These businesses claim to offer to help consumers reduce their debt, stop interest, and stop collection calls. These claims seem great – I mean who wouldn’t want all those benefits? The issue is that all of these claims are misleading at…

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Debt Consolidation Loans & Bad Credit

If you have bad credit, you may feel like you are out of options when consolidating your debt. However, this is not the case! There are several ways that you can consolidate your debt, even if you have a low credit score. In fact, Debt consolidation is one of the methods we discuss in our…

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Can I Inherit Debt After Someone’s Death in Canada?

Can I Inherit Debt After Someone's Death in Canada?

Can I Inherit Debt After Someone’s Death? This is a common question asked by those who are appointed executors of a deceased person’s estate, those worried about dying in debt, and by curious minds. We will endeavour to answer this question in this article. While it may seem like a straightforward question, there are many…

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Consumer Proposal vs Debt Consolidation

Consumer Proposal vs Debt Consolidation

When you are struggling with mounting debt and facing debt problems, it can be difficult to know where to turn. You might have heard of consumer proposals and debt consolidation, but you may not know which option is right for you. In this blog post, we will compare the two options and help you decide…

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10 Ways to Pay Off Debt Faster – Canada Edition

10 Ways to Pay Off Debt Faster

Are you struggling to pay off your debt or facing a major debt repayment you are not sure how to navigate? If so, you’re not alone. Millions of Canadians are in the same boat. But don’t worry – there are plenty of ways to pay off your debt faster. As Licensed Insolvency Trustees we are…

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Will I Lose My Canada Child Benefit (CCB) If I File For Bankruptcy?

The short answer is no, you will not lose your Canada Child Benefit (CCB) if you decide to file personal bankruptcy. While your CCB will not be affected by bankruptcy, you are required to report your CCB when calculating and reporting your household income.  These monthly reports will determine whether or not you have “surplus income”, which in turn will impact how long you are in bankruptcy and how much you will be required to pay.

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