2025-10-21
How we helped a client decide between a consumer proposal and bankruptcy
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
Disability Pension
2008-03-06
Most pensions cannot be garnished or seized by creditors. One exception is if your pension is a CPP pension and if you owe money to the federal government, they can withhold some or all of your pension and apply it to your debt. However, the government tends to use this right quite sparingly – i.e., they typically won’t do it if it’s going to cause you financial hardship. It’s unusual for a creditor to attempt to garnish a pension. If you would like to provide more detail on what this creditor is doing or saying, we can probably clarify things for you. Yes, you can do a bankruptcy and this will normally stop a garnishment immediately; however, if your total debt is only $4,000, you should probably consider some of the other options first. To give you any helpful information beyond that, we would need to know a bit more about your financial situation.
Latest Blog Posts
2025-10-20
Seniors and Debt
Alternatives to Bankruptcy Bankruptcy Consumer Proposal Lifestyle Debt MNP Consumer Debt Index
Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.
2025-10-17
How buyer’s remorse laws can help you stay out of debt
This is called buyer’s remorse. In some cases, Canadian law provides protections that can help you reverse these costly decisions and avoid sinking further into debt.
