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Filing a consumer proposal can be an excellent debt relief option for many people in Canada, as well as an alternative to bankruptcy. Consumer proposals can be a successful way out of your debt struggles while also allowing you to keep your major assets. However,...
Dealing with debt can be different in different communities. We speak to Crystal Buhler, a Licensed Insolvency Trustee with Debt Free North about how deal with debt differs in more remote communities. Click here to listen to the full episode. Bruce: I am the CEO of...
Both your credit score and credit report have a major impact on almost all of the financial decisions you can make. When you file a consumer proposal, it will affect your credit and stay on your credit report for a set period of time from the date you filed, or from...
It seems that everywhere you turn, people are struggling financially. With the rising cost of everything from gas to groceries, it’s no surprise that the average Canadian is ending the month with less cash, and sometimes just a bit further behind. There’s no doubt...
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...
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...
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...
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...
What is a Licensed Insolvency Trustee & How do they help? If you wonder what the role of a Licensed Insolvency Trustee is, and how they can help those in financial trouble, you are not alone. Licensed Insolvency Trustees were previously called “Bankruptcy...
