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.


Will declaring bankruptcy affect my mutual fund license?

Will declaring bankruptcy affect my mutual fund license?

personal bankruptcy
Facing bankruptcy in Canada? Discover how it affects your mutual fund license and learn about the steps to regain it. Read now for crucial insights!
What can I do if my consumer proposal is rejected?

What can I do if my consumer proposal is rejected?

consumer proposal
If your consumer proposal gets rejected, don't worry! Explore your options with a Trustee and consider personal bankruptcy as a last resort. Learn more!
Can I add new debts to my consumer proposal?

Can I add new debts to my consumer proposal?

consumer proposal
Learn about the importance of managing debts during a consumer proposal. Keeping your finances in check is key. Read now to find out how to avoid bankruptcy.
How can I file for bankruptcy and keep my car equity?

How can I file for bankruptcy and keep my car equity?

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Discover how to keep your car while filing for bankruptcy in Canada! Learn about car equity rules and how a Licensed Insolvency Trustee can help. Read now!
Filing Personal Bankruptcy for Medical Bills in Canada

Filing Personal Bankruptcy for Medical Bills in Canada

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Discover how personal bankruptcy in Canada can help you manage medical bills and unsecured debts. Find out about consumer proposals that offer a fresh start!
What happens to my consumer proposal if I move?

What happens to my consumer proposal if I move?

consumer proposal
Discover how moving impacts your consumer proposal. Notify your Licensed Insolvency Trustee and explore local resources for debt management. Read now!
What happens if I miss a payment in bankruptcy?

What happens if I miss a payment in bankruptcy?

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Missing a payment during bankruptcy? Discover how it affects your bankruptcy process and what the trustee might do. Learn more about bankruptcy today!
Can I travel after declaring bankruptcy in Canada?

Can I travel after declaring bankruptcy in Canada?

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Discover how to travel after declaring bankruptcy in Canada! Learn about your obligations and stay informed. Read now to plan your dream getaway!
Can I settle my consumer proposal early with my LIT?

Can I settle my consumer proposal early with my LIT?

consumer proposal
Learn how to wrap up your consumer proposal early in Canada! Discover the benefits and negotiate with your Licensed Insolvency Trustee today.
Can I include tax debt in my bankruptcy filing?

Can I include tax debt in my bankruptcy filing?

personal bankruptcy
Discover how to manage your tax debt through bankruptcy in Canada. Learn the rules about tax debts and the timing for filing. Read now!