Collection agencies: What are my rights

Home / Blog / Debt, Collection Mary wakes up to the phone ringing at 6 a.m. She manages a “Hello?” “Yes, Mary, I am calling again about the overdue payment on your credit card account. We need a payment by tomorrow” says the voice on the end of the line. “I don’t know what this […]

Can I pay off my consumer proposal early?

Home / Blog / Consumer Proposal Finances are a fluid thing subject to change for a variety of reasons—and (despite how it may seem sometimes!) not always for the worse. If you’ve filed a consumer proposal only to find that your financial situation has suddenly improved because of a pay raise, new job, or some […]

Can I do anything to stop a creditor’s legal proceedings against me?

Home / Blog / Debt, Collection It’s possible that if you’re having trouble meeting your payments, a creditor may take some kind of legal action in order to collect the debt you owe. This can include handing your account over to a collection agency, having your wages garnished, or taking you to court. If any […]

Can I stop a power of sale on my home by declaring bankruptcy?

Home / Blog / Bankruptcy If you have missed paying your mortgage payments and haven’t made other arrangements with your bank, chances are pretty good that your bank’s next step will be to start power of sale proceedings against your home. Before that happens, there are steps you can take to try to prevent it: […]

Can I have my bankruptcy annulled if I repay my debt in full?

Home / Blog / Bankruptcy, Debt If you’re currently in bankruptcy (or you’ve already filed for it) and your financial situation suddenly changes for the better (think inheritance, lottery win, etc.), is there anything you can do to get out of bankruptcy? You’ll be pleased to know that the answer to this is yes, but it’s not […]

Bankruptcy and Cosigned Debts

Home / Blog / Bankruptcy, Debt Bankruptcy and consumer proposals can have an impact not just on the person declaring bankruptcy or filing a proposal, but also on anyone who may have cosigned for one of his/her debts as well. Here’s what you and your cosignor need to know: Cosigning for a debt means you […]

How to setup a budget

Home / Blog / Financial, Savings If you’ve never used a budget before, the idea of setting one up can be a little daunting…especially if you’re already feeling a financial squeeze. Many people freeze up at the very thought, certain that if they try to put a budget in place, it will only confirm what […]

Can a Debt Management Program Help Me?

Home / Blog / Financial, Savings If you’re facing financial difficulties and you’re looking for solutions, you may have come across offers to help you set up a debt management program. Essentially, this is an arrangement with your creditors made on your behalf by a credit counsellor or credit consolidation company. It allows you to […]

What happens to my vehicle in a consumer proposal or bankruptcy?

Home / Blog / Consumer Proposal, Bankruptcy If you’re considering the possibility of filing a consumer proposal or declaring bankruptcy, you should be aware that assets such as vehicles are handled very differently in those two procedures. In a consumer proposal, if you own the vehicle free and clear, you simply keep it. If you […]

Privacy During Bankruptcy

Home / Blog / Bankruptcy If you’re facing the possibility of filing for bankruptcy or a consumer proposal, you may be concerned about privacy. Who will find out? Will the neighbours know? Your boss? Or (perish the thought!) your in-laws? Well, we have encouraging news for you. In most bankruptcies and consumer proposals, the only […]