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What does a Licensed Insolvency Trustee do?

A Licensed Insolvency Trustee is a debt professional, specifically licensed to handle bankruptcies and Consumer Proposals and to provide advice on debt options to all Canadians. How exactly do they do that? Here’s a quick overview: Licensed Insolvency Trustees meet...

How to Find a Licensed Insolvency Trustee in Canada

How to Find a Licensed Insolvency Trustee in Canada

If you are in financial trouble and struggling to make meaningful payments on your debts, you might consider consulting with a Licensed Insolvency Trustee. A Licensed Insolvency Trustee can provide you with a summary of your options, including debt consolidation and...

How to complete monthly forms

Completing your Monthly Income & Expense Reports The first step in completing your report is to gather evidence of your income and expenses. You will need all paystubs and any receipts you have collected. You may find it helpful to login to your banking app, and...

Can you change a Consumer Proposal?

Changing a Consumer Proposal   I filed a Consumer Proposal, and now I’ve lost my job. What can I do if I can’t keep up the payments on my proposal?  A Consumer Proposal is a popular alternative to bankruptcy, which will let you combine payments on your unsecured...

Is a Consumer Proposal worth it?

What is a Consumer Proposal We often hear the question, “Is a Consumer Proposal worth it?” Let’s define exactly what a Consumer Proposal is.  Per the Office of the Superintendent of Bankruptcy (the OSB) they define it as follows. “A consumer proposal is a formal,...