Catch up on our most popular blogs of 2022
In 2022, we took our time to understand the debt challenges that Canadians face, and as part of providing solutions, we disseminated well-researched expert knowledge on our blog and other channels. From bankruptcy to financial health, dealing with creditors to finding a Licensed Insolvency Trustee (LIT), we touched on some of the most crucial debt-related topics.
These articles have helped hundreds of people through the year, but we’ve compiled 10 of the most read ones to ease you into a debt-free life in the new year.
These hidden household costs could be draining thousands from your bank account every year
Eric Findlay, CIRP, LIT, CPA | October 20, 2020
Take a critical look at your lifestyle and you might find some daily or monthly expenses you can cut back on. You can save between $1,000 to $10,000 every year by identifying and cutting off these inefficiencies.
What are some signs that I’m financially healthy?
Kiu Lau, CIRP | December 2, 2021
Knowing the state of your financial health is a good thing. You know what’s better? Knowing that your financial health is flourishing. Here are some pointers.
Can creditors seize or garnish government retirement benefits?
Shelly Wolf Breakey | April 13, 2021
You’re an indebted pensioner who’s worried about the security of your Canada Pension Benefits (CPP) and Old Age Security Benefits (OAS). The good news is they are usually protected — however, there are circumstances where protections don’t apply.
Does My Company's Bankruptcy Affect Me Personally?
Donna Carson, CIRP, LIT, CPA, CGA | October 2, 2009
You will be affected if you’re personally liable for the company’s debts. But what makes you personally liable?
What happens If I owe the CRA a lot of money?
John Athanasiou, CIRP, LIT, CPA, CMA | November 1, 2022
Your debt to the Canadian Revenue Agency (CRA) may be so high you’re worried you might lose your income or access to government benefits. The CRA has more powers than the average creditors, but you can protect your income.
How do I know if I have too much debt? Six signs that don’t lie
Olivier Boyd, CPA, CIRP, LIT | July 20, 2021
While there is no precise answer to the ‘how much debt is too much debt?’ question, there are specific warning signs of unsustainable debt and here are six of them.
Is there a Statute of Limitations on my debt?
Donna Carson, CIRP, LIT, CPA, CGA | December 8, 2014
The province of Alberta has a two-year statute of limitations for creditors to secure a court judgment to collect your debt. However, that doesn’t necessarily prevent them from contacting you or trying to collect in other ways.
I can’t afford to pay my creditors. Am I judgement-proof?
Leah Drewcock, CIRP, LIT | March 27, 2018
You’ve missed payments, dodged collection calls, and now your creditors have decided to pursue legal action against you. However, there are certain government-mandated exemptions that can make you judgement-proof.
Seven signs you may be in financial trouble
Kiu Lau, CIRP | September 2, 2022
Debt hardly ever shows up overnight. If you pay attention, there are telltale signs pointing to challenges in your finances; and these are seven of them.
Looking for the right Licensed Insolvency Trustee? Here’s why being local matters
Grant Bazian, CIRP, LIT | July 18, 2022
Choosing the right Licensed Insolvency Trustee does not have to be confusing. A top criterion for choosing one should be their proximity and accessibility. Here’s why.
