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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.
CATEGORIES: Bankruptcy / Consumer Proposals / Credit Cards / Student Loans / Tax Debt / Lifestyle
Licensed Pros Provide Options for Student Loan Debt
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)
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
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…
Consumer Proposals And Your Credit Score
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
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?
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
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?
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…