Understanding the debt relief options available in Canada is crucial when it comes to selecting the right option for your financial situation. At the Litvack Group we specialize in helping individuals and families evaluate all debt relief options, to make an informed decision

Let’s be very clear: no amount of budgeting will solve unmanageable debt. If your income doesn’t cover your basic needs and minimum payments, you're likely in what's called a structural debt position, your debt is growing faster than you can pay it off.

Living under the weight of debt is stressful enough, facing relentless calls and threats from collection agencies only adds to the pressure. Fortunately, Ontarians have strong legal protections when it comes to dealing with debt collectors.

Surplus income is one of the most important and often misunderstood parts of bankruptcy in Canada. If your income exceeds the government’s threshold, you may face higher payments and a longer bankruptcy term. Understanding how surplus income works, and how it compares to a consumer proposal, can help you choose the best path toward financial stability.

Behind on taxes or CERB repayments? Learn how CRA collections work in Ontario, what enforcement actions to expect, and how a Licensed Insolvency Trustee can help you stop garnishments, freeze interest, and reduce your debt through a legal consumer proposal.

Finishing a consumer proposal is a major achievement, it means you've taken control of your debt and followed through on a legally binding plan to repay what you could afford. But while the stress of collections and legal action is behind you, the next big question many people ask is: how do I rebuild my credit score?