When debt collectors call daily and credit card balances spiral, Canadians often face a tough decision: consumer proposal vs personal bankruptcy. These two options under Canada’s Bankruptcy and Insolvency Act both stop creditor harassment instantly, but one might save you thousands while the other protects your home. With living costs soaring and interest rates biting,…
Bank of Canada rate cuts grab headlines, promising relief for stretched households, yet many Ontario homeowners face steeper mortgage payments upon renewal. This disconnect stems from locked-in low rates from the pandemic era expiring against today’s economic realities, pushing some toward mortgage renewals that strain budgets to the breaking point. Even as rates dip, high…
Running a business comes with its share of challenges, and managing debt is one of the most common hurdles business owners face. Whether you’re a small startup or a well-established company, it’s easy to get overwhelmed by financial obligations. The key to overcoming this challenge is recognizing the signs early and seeking the right business…
When individuals face overwhelming debt and are unable to meet their financial obligations, they often look for a way out. In Canada, one of the most effective solutions is a consumer proposal – an arrangement designed to help individuals reduce or eliminate their unsecured debts while protecting them from creditors. At the heart of this…