Category: Consumer Proposal

Revenue Canada and Unfiled Returns

  • July 15, 2019

The Problem: Unfiled Tax Returns A substantial percentage of the problems that Licenced Insolvency Trustees are presented with stem from debts that people owe Canada Revenue Agency (often referred to as Revenue Canada.) Frequently, taxpayers have

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The Senior Citizen Debt Crisis: How To Cope With Debt In Your Golden Years

  • March 31, 2019

Are you experiencing the senior citizen debt crisis first-hand? If so, you’re not alone. Financial debt for seniors is quite common. Thousands of elder Canadians across the nation are struggling to meet their monthly expenses. As a seasoned

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What Should I Do If I Can’t Pay My Bills?

  • March 28, 2019

Debt solutions explained Another demand for payment has fallen in your lap – the second this week. You shake your head, with one thought: “I can’t pay my bills.” This is a familiar issue today. If the problem is caused by a short-term cash

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How To Get Out Of Debt

  • December 15, 2018

Many people struggle with debt and have no clear path toward financial freedom. You work long hours and try to make wise decisions, but somehow, your debt never goes down. How can you get out of debt so you can begin to do the things you want and nee

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What Happens When I File a Consumer Proposal in Ontario?

  • November 28, 2016

When debt becomes overwhelming, one of the options you can consider is a consumer proposal. This is a legal agreement between you and your creditors that allows you to settle your debts for less than you owe. More and more people are finding that a c

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