Blog
What Services Can a Licensed Insolvency Trustee Provide?
Financial struggles can feel overwhelming—but you're not alone, and there is help. A Licensed Insolvency Trustee (LIT) is a trusted professional who can provide the guidance and legal solutions you need to regain control of your finances. When bills pile up, credit cards are...
How to Get Out of a Car Loan in Canada When You’re Struggling
How to get out of a car loan in Canada is a question many people face when loan payments become too much to handle—and the answer depends on your financial goals, vehicle value, and available options. Owning a car in Canada is often more than a convenience—it’s a necessity...
Can I Keep My House If I Make a Consumer Proposal?
“Can I keep my house if I make a consumer proposal?” This is one of the most common questions Canadians ask when exploring debt relief options. The short answer is - Yes - if you want to and subject to a few conditions which we talk about below... If you're struggling with...
Can a Licensed Insolvency Trustee Advice on Budgeting Tips?
When most people hear the term Licensed Insolvency Trustee (LIT), they immediately think of bankruptcy and debt relief. While LITs do play a crucial role in helping individuals navigate insolvency and legal debt solutions, their expertise extends far beyond bankruptcy...
What is the Role of a Licensed Insolvency Trustee in Managing CRA Tax Debts?
Owing CRA tax debts can be overwhelming, especially since it is a known fact that the federal authority does have strong collection powers to collect the debt. A Licensed Insolvency Trustee (LIT) plays a crucial role in helping debtors navigate challenges in handling...
Can A Consumer Proposal Reduce Or Eliminate Tax Debts Owed To The CRA?
If you’re struggling with tax debt owed to the Canada Revenue Agency (CRA) you might feel like there's no way out. The CRA is known for being a powerful creditor with aggressive collection powers, such as wage garnishments, bank account freezes, and liens on property...
How is a Consumer Proposal a Viable Alternative to Bankruptcy in Canada
Are you having financial difficulties and looking for an alternative to bankruptcy? A consumer proposal offers a way to resolve debt problems while avoiding the more severe consequences of declaring bankruptcy. In a Consumer Proposal you work with a Licensed Insolvency...
Can You Adjust a Consumer Proposal
Under certain circumstances, yes, it is possible to adjust a consumer proposal to accommodate changes in your financial situation. This can be done through your Licensed Insolvency Trustee (LIT). Your LIT will file the request for amendment and present a new deal with your...
How Debt Impacts Your Quality of Life and How to Cope
Debt that is too overwhelming to manage can significantly affect your quality of life in various ways. Over time, the stress of managing debt can impact your emotional well-being, relationships, physical health, and also your job performance. It's important to remember that...
Financial Literacy – Key Skills for Preventing Debt Accumulation
Financial literacy is having the knowledge and skills to make informed decisions related to effective money management. It involves acquiring, developing and using the information and skills acquired in such a way that one becomes accustomed to handling money in a way that...
Contact Richard Killen
FREE No Commitment Consultation
Contact us now for a fresh start!
“Serving Toronto & the GTA for over 25 years.”
Recent Blog Posts
- Ask the Trustee: If I file for bankruptcy or consumer proposal, will I lose my house?
- Can I Keep My House If I Make a Consumer Proposal?
- What Services Can a Licensed Insolvency Trustee Provide?
- How to Get Out of a Car Loan in Canada When You’re Struggling
- Can I Keep My House If I Make a Consumer Proposal?