Debt solutions

15 articles
Yellow van being kept despite owner filing bankruptcy

What assets can I keep in Bankruptcy?

When you declare bankruptcy in Canada, you can keep some assets, like your home or vehicle, based on your province. Discover the full list of exempt assets for each province.
Calendar counting down the days to a bankruptcy discharge

How long does bankruptcy last in Canada?

There's a lot of misconceptions around how long bankruptcy lasts in Canada. While some rumors say it can last up to seven years, that's false. In Canada, a first time bankruptcy can be completed in as little as nine months. Learn how long bankruptcies last and what it means to be discharged from bankruptcy in the below article.
Person holding past due bill that has led to wage garnishment

Wage garnishment: How it works and what you can do

If you or someone you know is facing wage garnishment, check out these 7 questions to stay informed and prepared.
Man seated at computer contemplating using RRSP to pay off debt

Should I use my RRSP to pay off my debts?

If you’re thinking about withdrawing from your RRSP to pay off debt, make sure you consider the consequences before deciding to dip into your retirement savings.
Man and woman unpacking moving boxes into new home

Can I get a mortgage after filing a bankruptcy or consumer proposal? 

For many Canadians, buying a home is a major financial goal. This goal may seem challenging for various reasons, but having filed a consumer proposal or bankruptcy shouldn’t be one.
Woman nervously looking at phone receiving a collection call

How to deal with debt collectors and stop collection calls 

Calls from debt collectors can be stressful. But this doesn’t have to be the case – understanding the steps to take and available support can help end collection calls for good.
Person standing on the road with a smiley face painted on it, symbolizing the joy of debt relief

5 ways to pay off debt fast

We’ve pulled together 6 of our best strategies that can get you out of debt and back to being you.
Woman meeting with a Licensed Insolvency Trustee for a free consultation

What happens when you meet with a Licensed Insolvency Trustee?

Are you considering booking a free consultation with a Licensed Insolvency Trustee, but aren’t sure what to expect? We explain the process.
Person holding a pen drawing a large dollar sign on a piece of paper

Consolidation loan vs. consumer proposal: What’s the difference?

Debt consolidation and consumer proposals are both options to consolidate most debt payments. Learn how each works.
Man seated at a desk contemplating filing personal bankruptcy

The reality of personal bankruptcy: What to know and expect

If you’re wondering if bankruptcy is the right debt solution for you, this article can help you understand the process and considerations.
Person hands pen to someone who is dealing with payday loan debt

How to get out of payday loan debt

To quickly make ends meet, many turn to payday loans, but be cautious, as payday loans can seriously impact your finances. Learn how to get out of payday loan debt.
Couple with tax debt looking at a letter from the CRA indicating their amount owing

Income tax debt relief

If you have outstanding income tax debt with the CRA, you should deal with it sooner than later. Options are available to help you overcome income tax debt.
Person holding a yellow card seeking solutions to deal with a credit card balance they can't pay off

I can’t pay off my credit card balance. What are my options?

Credit card debt can be expensive to manage. In this article, we provide answers to some of the most common questions we’re asked about credit card debt.
Female student seated at a desk with a laptop

Student loan debt relief: What’s available and who's eligible 

Overwhelming student loan debt doesn’t have to hold you back from moving forward. We break down the options available to tackle student debt.
Man seated at a desk contemplating filing a consumer proposal

Why are consumer proposals becoming the more attractive option for debt relief?

A consumer proposal is an offer to your creditors to repay a portion of the debt you owe. Learn how it could help you get your finances on track.

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