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)...

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...

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...

If you’ve spent any time looking into your debt relief options, you may have noticed that no two options will amount to the same cost. If you don’t understand why there are differences in the cost of a bankruptcy versus a proposal, we’ve got you covered...

Have you done some research about bankruptcy which says that you have to make payments to the trustee for surplus income but you don’t have enough income to make your vehicle and house payments?..

People in debt don’t use a proposal or go bankrupt because they want to, they use one of these options because they have to. They have no reasonable alternative to assist them in dealing with their debt problems...

Your bankruptcy may have no effect on your spouse. But the answer to this question depends on whether your spouse co-signed debts with you, if you own assets jointly, or if your spouse contributes a large portion of the household income...