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Hamilton (905) 769-2005

There are a number of reasons why people find themselves in debt, including unexpected job loss, health problems, marital breakdown, income tax, and financial mismanagement, to name a few. In a previous post, we discussed debt related to job loss. In this blog post, we will explore divorce in greater detail: what to do if

Bankruptcy Services Toronto

Although filing for personal Bankruptcy can seem scary, it’s important to remember two things: First, Bankruptcy isn’t the only option when you’re struggling with debt. You may have other alternatives that your Licensed Insolvency Trustee can explore with you, such as debt consolidation, credit counselling, or Consumer Proposals. Second, Bankruptcy isn’t a punishment—it’s a solution,

Tim Geary Consumer Proposal

Our very own Tim Geary, Licensed Insolvency Trustee, explains what a Consumer Proposal is and how this legal process can help individuals in Toronto and Hamilton to become debt-free.

Personal Bankruptcy Filing Toronto

The decision to file for Personal Bankruptcy is never made lightly. For some people in serious financial distress, it is the most effective course of action to eliminate debt once and for all. Once you have decided – in consultation with a Licensed Insolvency Trustee – to file for Bankruptcy and get started on the

Filing for Personal Bankruptcy in Toronto

There are a number of reasons why people may find themselves in debt and filing for personal Bankruptcy in Toronto, including an unexpected job loss, health problems resulting in medical bills or lost wages, marital breakdown and the cost of starting over, unpaid income tax, and financial mismanagement to name a few. In this blog

Personal Bankruptcy is typically a final course of action for an individual in great financial distress. Together with your Licensed Insolvency Trustee (LIT), you will review your unique personal situation. If your debt cannot be resolved through other options like credit counselling, debt consolidation, or a Consumer Proposal, your LIT may recommend Bankruptcy. It is

For most Canadian post-secondary students, borrowing money is unavoidable, in order to finance their education. The costs of tuition and textbooks – on top of living expenses like rent, groceries, and transportation – really add up. In fact, it is estimated that the average Canadian student graduates with almost $30,000 of debt. It’s a hard

When you fall on rough financial times, it’s hard to know what to do. With so many complicated terms and options ahead of you, things can get stressful. Many people assume that Bankruptcy is their only option because it’s the phrase most commonly thrown around in the news. However, did you know that more and

Struggling with overwhelming and unpayable debt can be a paralyzing experience. You know that you can’t pay your bills and still make your rent or mortgage payment. You have stopped opening the mail because you know the bad news that each envelope holds.

For many people dealing with debt stress in Toronto, it simply isn’t necessary to file for Bankruptcy or make a Consumer Proposal in order to resolve their debt issues. In such instances, Credit Counselling alone may be a better choice. Toronto Credit Counselling essentially involves learning how to manage your money more effectively so you can reach your financial