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…
Read MoreCan 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…
Read MoreConsumer 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…
Read MoreHow Many Times Can You Declare Bankruptcy In Canada
Have you been curious as to how bankruptcy works in Canada? More specifically, how many times you can file bankruptcy? In theory, you can declare bankruptcy as many times as you like in Canada. Practically speaking, however, every time you file the consequences and the difficulty in receiving a discharge from your bankruptcy increases. The…
Read MoreDo I Have To Meet With My Creditors If I File A Consumer Proposal Or Personal Bankruptcy?
It is uncommon for a consumer to have to meet their creditors, in person or virtually, whether they file a consumer proposal or a bankruptcy. However, there are instances where this may be necessary. This possibility arises when a Meeting of Creditors is held. These occur at varying timelines depending on whether you file a…
Read MoreFrozen Bank Account – What Do I Do Now?
When you are behind on your payments, freezing a bank account is one of the debt collection options available to creditors. You will be unable to withdraw or transfer money from your bank account until it is unfrozen. This will likely cause additional financial hardship due to the existing debt problem and the requirement to…
Read MoreJudgments & Liens 101: The Basics
If you own property & assets and are struggling with debt or dealing with collectors you have undoubtedly heard the terms ‘Judgment’, ‘Judgment Lien’, and ‘Lien’. These can be awfully confusing as they are often used interchangeably. In order to fully understand your rights as a property owner and what protections you have, it is…
Read MoreHow to stop collection calls and effectively deal with collection agencies in Nova Scotia, New Brunswick, and PEI
If you’re struggling to pay your bills, you may be getting calls from collection agencies. This can be a very stressful experience, and it’s important to know your rights and how to deal with these agencies. In this article, we will discuss how to stop collection calls and effectively deal with collection agencies in Nova…
Read MoreDebt Management Plans Explained
A Debt Management Plan (sometimes referred to as a debt management program) is often used by people who have a lot of debt and feel like they will never be able to pay it off. A debt management plan is an agreement between you and your creditors to pay back your debts over a period…
Read MoreWhat Is A Licensed Insolvency Trustee (Trustee In Bankruptcy)?
Updated: August 31, 2023 Licensed Insolvency Trustees (“LIT”), formally known as bankruptcy trustees, are federally regulated professionals who provide advice and services to individuals and businesses with debt problems. A Licensed Insolvency Trustee helps people make informed choices to deal with their financial difficulties. While the court can appoint a trustee in bankruptcy, in practice,…
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