Ontario consumer insolvency filings rose sharply in early 2026. Learn what is driving the trend and when to seek debt-relief advice.
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Canadian insolvency filings have reached their highest level since 2009, reflecting growing financial pressure across the country. Learn why Ontario is seeing faster growth, what's driving the trend, and how consumer proposals, bankruptcy, and other debt relief options may help.
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Debt pressure remains high across Ontario in 2026 as rising living costs and expensive borrowing make it harder for many Canadians to keep up financially. This guide explains why debt problems are increasing, what happens when payments are missed, and what options may be available under Canadian insolvency law.
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High interest debt can feel impossible to escape, especially after the holiday season. This guide explains safe, legal solutions in Ontario and how a Licensed Insolvency Trustee can help you regain financial stability.
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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.
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Bankruptcy can typically last from 9 to 36 months
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Filing for bankruptcy in Canada? Wondering how it affects your spouse? Learn how joint debts, assets, and credit scores are impacted.
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Licensed Insolvency Trustee (LIT) is a federally regulated professional in Canada authorized to assist individuals and businesses in resolv
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There are several strategies and resources available to help Canadians tackle their debt problems while keeping their home.
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You can keep your financed vehicle in a consumer proposal as long as you promise to continue to make your scheduled payments.
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Find out if you can keep your home in a bankruptcy in Canada and all the options available
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Learn whether you can switch between a consumer proposal and bankruptcy in Canda
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Key Takeaways Bankruptcy is for honest but unfortunate debtors to find relief from their debts. Declaring bankruptcy is a significant...
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What happens to debt when you die in Canada? Will it go to my family? This article explores these questions and more concerns
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Learn about the differences between bankruptcy and insolvency
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Learn how to navigate the complexities of student loans and bankruptcy in our guide to financial freedom.
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Explore the differences and similarities between consumer proposals and bankruptcy to determine which option is best for you
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What is Tax Debt? This can include any personal taxes owed to the Canada Revenue Agency (“CRA”), which can arise from several reasons...
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There can be confusion on what debts can be included in a consumer proposal and bankruptcy. In general, all debts are included in a...
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Having a good credit score is important in Canada to qualify for debt such as a credit card or mortgage with lenders. Having a poor score...
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