Connecting You with Trusted Licensed Insolvency Trustees – We’re Here to Guide, Not Decide. Learn More
Date: May 21, 2025 A new 20-year analysis of Canada Post reveals a dramatic decline in mail delivery volumes paired with rising operational costs. Since 2006, the number of letter mail items delivered has dropped by 60%, while annual operating costs have ballooned by nearly $2 billion. Despite an increasingly digital society, operational efficiency has […]
Ever felt the stress of unexpected financial setbacks? How to stop CRA garnishment is a question many Canadians face when dealing with debt issues and a RTP (Requirement To Pay) from the Government of Canada. Understanding the steps to halt this process can alleviate a significant amount of stress and help you regain control over […]
Liens can significantly impact property ownership in Canada, often catching homeowners off guard. Understanding liens—what they are, the types that exist, and who can place them on your property—is crucial for any homeowner. This article unpacks the complexities of liens, explores potential lien holders, and discusses the consequences they can have on property sales. It […]
What Is Power of Sale? Power of Sale is a legal process that allows a lender to sell a property when the borrower defaults on their mortgage. The lender can initiate this process without going through court. This method typically enables quicker recovery of the loan amount while ensuring the property is sold at fair […]
Life can sometimes feel like a financial juggling act with an increasing number of balls in the air. One of the most treacherous and commonly faced financial hurdles is the minimum payment trap, a pitfall that can drain your wallet and multiply your debt. Understanding and overcoming this trap can help you regain control of […]
Reviewed and Fact-checked by Barton Goth, CIRP, Licensed Insolvency Trustee & Proposal Administrator People are often worried about their financial situation and have many questions about the bankruptcy process. One question that we hear quite often is: “Can a creditor force me into bankruptcy?” This is an important question, and I’m here to help you […]
If your business is struggling, you may wonder how does business bankruptcy work and if it's right for your business. If you're searching for solutions, we can help! Here's what you should know about what happens when a small business files for bankruptcy.
If you are facing insolvency issues, you may be considering the best way to fix your debts or get a new financial start. Many people find that better budgeting or debt consolidation can help, but if this is not the case in your situation, you’ll be researching consumer proposals and bankruptcy. Of the two, the […]
A Licenced Insolvency Trustee can tell you whether this solution will work in your specific case. If you are a debtor and are insolvent, consumer proposal or bankruptcy can be used to pay off CRA tax debt as well as other unsecured debts. Or, if you are still keeping up with your bills in general […]
As you explore the world of insolvency solutions, you may have encountered information about both bankruptcy and consumer proposal. But, did you know that there is another type of proposal available to Canadian debtors? The Division I Proposal can handle certain situations that the “regular” consumer proposal cannot address. Insolvency Solutions for Consumers: Bankruptcies and […]
