Answers

Tips, Tricks, Help & Relief Options

Dealing with debt often brings many questions, and you’re not alone in seeking answers. On this page, we’ve gathered the most common questions about debt in Canada based on the real-life experiences of people just like you. From understanding how debt affects your credit to exploring available relief options, these questions reflect many Canadians’ genuine concerns.

Financial Solutions for Canadians

We aim to provide clarity and reassurance, reminding you that you’re not alone. Many others are walking the same path, and together, we can navigate these financial challenges to find a way forward.

Have a question you’d like to ask? Want to ask it anonymously? Ask any question about debt anonymously, and we’ll get back to you as soon as possible with an answer. Ask a debt question.


Are gambling debts considered unsecured in personal bankruptcy?

Are gambling debts considered unsecured in personal bankruptcy?

personal bankruptcy
Discover how personal bankruptcy in Canada can wipe out unsecured debts like gambling. Learn the importance of honesty in filing. Read now!
Can you keep your house with a consumer proposal?

Can you keep your house with a consumer proposal?

consumer proposal
Struggling with debt and wondering if you can keep your house during a proposal? Discover how to protect your home while managing mortgage payments. Read now!
Can I purchase a car while in a consumer proposal?

Can I purchase a car while in a consumer proposal?

consumer proposal
Discover how to navigate buying a car with a consumer proposal. Learn the essential steps and get insights from a Licensed Insolvency Trustee. Read now!
Can creditors deny a consumer proposal?

Can creditors deny a consumer proposal?

consumer proposal
Discover the reasons a consumer proposal might be denied and what to prepare for. Learn about creditor approval and ensure you stands a better chance. Read now!
What occurs after 45 days in a consumer proposal?

What occurs after 45 days in a consumer proposal?

consumer proposal
Discover what happens after day 45 of your proposal. Learn about key changes, creditor meetings, and how a Licensed Insolvency Trustee can help. Read now!
What is the success rate of consumer proposals in Canada?

What is the success rate of consumer proposals in Canada?

consumer proposal
Although the success rate of a proposal in Canada can vary, with about 70% approval from creditors, it can be a solid choice for managing debt. Learn more!
Who is responsible for paying consumer proposal fees?

Who is responsible for paying consumer proposal fees?

consumer proposal
Discover who pays for a consumer proposal, how fees are managed and the role of a Licensed Insolvency Trustee. Read now to understand your financial commitment!
Do creditors have to approve a consumer proposal?

Do creditors have to approve a consumer proposal?

consumer proposal
Discover whether creditors must accept a consumer proposal in Canada. Learn about the process and tips to strengthen your proposal. Read now!
Can I keep my car during a consumer proposal?

Can I keep my car during a consumer proposal?

consumer proposal
Wondering if you can keep your car in a consumer proposal? Discover the rules and essential tips for debt management. Learn more about your options today!
What are the common questions about bankruptcy impacts?

What are the common questions about bankruptcy impacts?

personal bankruptcy
Discover how bankruptcy affects your credit score in Canada and what happens to your assets. Learn more about safeguarding your possessions today!