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ICIN member companies continually publish articles and add content to help guide individuals and families as they consider their insolvency options. Browse by date or category and click the "read more" button to be taken to the article on the member company's website.

Licensed Pros Provide Options for Student Loan Debt

December 12, 2019

Every year thousands of Canadians take on student debt, and increasing numbers of graduates are struggling to make enough money to pay their student loans. As a result, there are several types of student debt relief designed for different situations…

Dealing With Income Tax Debt (CRA Debt Forgiveness)

December 4, 2019
Topic: Tax Debt

An increasing number of people in Canada are finding themselves with tax debt. Even if you file your taxes every year, it is still possible to end up owing the Canada Revenue Agency (CRA). There are many reasons a person may find themselves owing substantial tax debt…

Co-signing a Loan? You Might Want to Reconsider

December 1, 2019
Topic: Lifestyle

I am a Licensed Insolvency Trustee with Lazer Grant Inc. and have been assisting people in financial crisis for over 20 years. One of the most distressing situations that I encounter is when I meet with someone who has co-signed a loan for a friend or family member…

Holiday Spending – Six Spergel Survival Tips

November 28, 2019
Topic: Lifestyle

SOME SAY THIS IS THE “MOST WONDERFUL” TIME OF THE YEAR – YOUR BANK ACCOUNT MIGHT DISAGREE. Holiday spending can easily get out of hand. How do you keep your spending in check?

Consumer Proposals And Your Credit Score

November 22, 2019

Maintaining an acceptable credit rating is a priority for many Canadians. Having “good credit” can give you access to vehicle financing, credit cards, cellular networks, and other important services…

Regain Control of your Debt

November 15, 2019
Topic: Bankruptcy

It’s very challenging to regain control of debt that has spun out of control. If you have thought of contacting a Bankruptcy Trustee, you are on the right track. But due to a name change in recent years, you will actually need to contact a Licensed Insolvency Trustee (LIT)…

Ontario Bankruptcy Exemptions – Will I Lose My House or Car?

November 12, 2019
Topic: Bankruptcy

If you are facing insolvency, you will have many questions. “Will bankruptcy make me lose my house (or car)” and “what assets are exempt from bankruptcy in Ontario?” may be at the top of your list…

Debt Collectors 101 – Don’t Be Scared

October 29, 2019

You have options, don’t let debt collectors scare you. We know how disruptive and frustrating calls from collection agencies can be. If you’ve had debt in collections for a long time, chances are debt collectors are calling often. You might even be receiving calls at work.

Bankruptcy Lawyer or Licensed Insolvency Trustee?

October 21, 2019
Topic: Bankruptcy

Do I Need A Bankruptcy Lawyer? We hear this question often, this is a common query. In most cases, the short answer is no. In Canada, consumer proposals and bankruptcies are administered by Licensed Insolvency Trustees (LITs), not bankruptcy lawyers…