The truth about debt blog

If you are considering bankruptcy, understanding the rules can help you know what to expect before filing. Some rules affect how long a bankruptcy ...

Entering a consumer proposal leaves many people feeling confident knowing they have a path towards paying off their debt. Occasionally, financial s...

Introduction Your legal duties begin the moment you file for personal bankruptcy and continue until you are discharged. This page explains those du...

Introduction One of the first questions people ask when looking for debt relief Canada options is simple and very real: how long will this take? Wh...

Introduction One of the biggest fears people have about personal bankruptcy is not just the debt, but the worry that everyone will find out. Many C...

Bankruptcy carries a powerful stigma in Canada. Many people see it as a personal failure or a last-ditch‑ move after everything else has gone wrong...

When you’re struggling with debt, one of the most common fears is what will happen to your credit score. Many Canadians delay getting help because ...

When debt starts taking over your life, it doesn’t just drain your bank account. It drains your energy, your sleep, and your sense of safety. Many ...

Introduction Behind closed doors, creditors don’t flip a coin or rely on guesswork when deciding whether to accept 30 cents on the dollar or demand...

Introduction When you’re overwhelmed by debt, the idea of rolling everything into one simple monthly payment can feel like a lifeline. But choosing...

Introduction Facing overwhelming debt is stressful enough without worrying about whether you’ll lose your car. For many Canadians, a vehicle isn’t ...

Introduction When Canadians reach the crossroads between a debt management plan (DMP) and a consumer proposal, they’re not just choosing between tw...