Financial recovery requires the right tools
Table of Contents Updated October 20, 2025 · Ontario guidance · Verified against OSB/CRA/credit‑bureau sources. This page explains how consumer proposals work for Ontario residents, including eligibility, the filing process, pros and cons, credit impact, CRA considerations, costs, and how to start with a Licensed Insolvency Trustee. What is a consumer proposal?
Home / Blog / Bankruptcy, Financial For the vast majority of Canadian personal bankruptcies there is no obvious public disclosure that an individual has become bankrupt. There are very rarely public filings of court records related to personal bankruptcies. In the majority of cases, unless you are a very well
Yes. A Licensed Insolvency Trustee (“LIT”) is the only professional in Canada that is able to help someone who needs to file a bankruptcy. What many do not know is that LITs provide many other services for people and businesses with excessive debt. “For years, we would pay our bills
