2025-06-30
How do I respond to creditors?
Credit Counselling
Here are the ABC’s of dealing with creditors and debt collectors.
Personal Bankruptcy Alternatives
2012-03-20
Watch the video or continue reading below. Bankruptcy alternatives include:A loan consolidation – this is with a financial institution usually and you try to get a loan to pay off all of your debt (with interest) and then you make 1 payment to that institution;An informal proposal – try and negotiate yourself – 1 on 1 with your creditors – to have them accept a lower payment or amount. There is no formal protection from seizures.A formal Consumer proposal – a new deal that you try and make with your creditors An offer that you make to your creditors (with the help of a licensed trustee) that allows you to :Make 1 monthly paymentEliminate the interestCan keep your paid and unpaid assets (provided that you have been up-to-date and continue to be up-to-date with payments) For more information on alternatives to bankruptcy, pleasecontact me directly or consult ourDebt Help FAQ.
Latest Blog Posts
2025-06-25
How to budget for inflation
The cost of daily goods has been rising over the past few years — increasing the price of food, gas, clothing, and many other essential items that Canadians need in their day-to-day lives.
2025-06-19
Options to consider if you can’t pay back your student loans
With the school year beginning and thousands of Canadian students beginning a new semester of post-secondary studies, all those hard-earned dollars from summer gigs are now being applied to tuition, books, transportation, housing, and supplies.
