Licensed Insolvency Trustee (LIT) is a federally regulated professional in Canada authorized to assist individuals and businesses in resolv

There are several strategies and resources available to help Canadians tackle their debt problems while keeping their home.

You can keep your financed vehicle in a consumer proposal as long as you promise to continue to make your scheduled payments.

Find out if you can keep your home in a bankruptcy in Canada and all the options available

Learn whether you can switch between a consumer proposal and bankruptcy in Canda

Key Takeaways Bankruptcy is for honest but unfortunate debtors to find relief from their debts. Declaring bankruptcy is a significant...

What happens to debt when you die in Canada? Will it go to my family? This article explores these questions and more concerns

Learn about the differences between bankruptcy and insolvency

Explore the differences and similarities between consumer proposals and bankruptcy to determine which option is best for you

What is Tax Debt? This can include any personal taxes owed to the Canada Revenue Agency (“CRA”), which can arise from several reasons...

There can be confusion on what debts can be included in a consumer proposal and bankruptcy. In general, all debts are included in a...

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...