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.


Can I keep my savings during a consumer proposal?

Can I keep my savings during a consumer proposal?

consumer proposal
Discover how a consumer proposal allows you to keep your savings while managing your debts. Learn more about protecting your assets today!
What are the consequences of not paying my consumer proposal?

What are the consequences of not paying my consumer proposal?

consumer proposal
Worried about missing payments on your consumer proposal? Discover the potential consequences and learn how a licensed insolvency trustee can help. Read now!
How do I determine my payments in a consumer proposal?

How do I determine my payments in a consumer proposal?

consumer proposal
Discover how much you might pay in a consumer proposal and learn about budgeting with a Licensed Insolvency Trustee. Get informed and read now!
Does a consumer proposal impact your credit score?

Does a consumer proposal impact your credit score?

consumer proposal
Discover how a consumer proposal impacts your credit score. Learn the details of the hit it takes and what it means for your future financial plans. Read now!
Can creditors sue me during a consumer proposal?

Can creditors sue me during a consumer proposal?

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Wondering if a consumer proposal protects you from being sued? Discover the truth about legal actions and creditors. Read now to learn more!
Surplus Income During Bankruptcy | What to Expect

Surplus Income During Bankruptcy

What to Expect

personal bankruptcy
Discover how surplus income affects your bankruptcy in Canada. Learn about additional payments and avoid delays. Read now to take control of your financial future!
Returning Home to Bank | Should You File for Bankruptcy?

Returning Home to Bank

Should You File for Bankruptcy?

personal bankruptcy
Struggling with mortgage debt? Discover how voluntary surrender impacts personal bankruptcy in Canada and explore options like a consumer proposal. Learn more!
Post-Bankruptcy | Keep Documents for 7 Years After Discharge

Post-Bankruptcy

Keep Documents for 7 Years After Discharge

personal bankruptcy
Keep your bankruptcy paperwork safe for seven years post-discharge. Learn how it protects you from debt collection issues and identity theft. Read now!
What are the drawbacks of a consumer proposal on credit rating?

What are the drawbacks of a consumer proposal on credit rating?

consumer proposal
Discover the disadvantages of a consumer proposal, including impacts on your credit rating and long-term payment plans. Learn more about the potential downsides!
How much debt relief can I expect from a consumer proposal?

How much debt relief can I expect from a consumer proposal?

consumer proposal
Discover how much debt is forgiven in a consumer proposal. Learn about your potential debt relief and find out if it's the right choice for you. Read now!