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.


What is a debt management plan with credit counseling?

What is a debt management plan with credit counseling?

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Simplify your finances with a Debt Management Plan! Join a credit counseling agency to merge your payments and reduce interest rates. Learn more now!
What assets do I keep or lose when filing for bankruptcy?

What assets do I keep or lose when filing for bankruptcy?

personal bankruptcy
Discover the difference between exempt and non-exempt assets in Canadian bankruptcy. Learn what you can keep and what may be sold. Read now!
Can a Licensed Insolvency Trustee access private mortgage debt?

Can a Licensed Insolvency Trustee access private mortgage debt?

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Discover how a Licensed Insolvency Trustee can help you navigate debt assessments and consumer proposals. Learn more about managing your financial situation effectively!
How to Remove Bad Credit History and Improve Your Score

How to Remove Bad Credit History and Improve Your Score

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Struggling with your credit report? Learn how to dispute errors and master debt management strategies to improve your score. Read now!
Is Marital Home Exempt from Bankruptcy Proceedings? Why?

Is Marital Home Exempt from Bankruptcy Proceedings? Why?

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Discover why the marital home isn't included in bankruptcy. Get answers to your debt questions and gain clarity on your financial options. Learn more now!
Repairing Your Credit Score After Bankruptcy in Canada

Repairing Your Credit Score After Bankruptcy in Canada

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Repair your credit score in Canada post-bankruptcy. Learn how to rebuild with secured cards and smart budgeting. Find out more on effective debt management!
Impact of Interest Rates on Debt Management

Impact of Interest Rates on Debt Management

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Discover how interest rate changes impact your debt management. Learn how climbing rates can increase costs and dropping rates can ease your burden. Read now!
Impact of Bankruptcy on Legal Judgments in Canada

Impact of Bankruptcy on Legal Judgments in Canada

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Discover how filing for bankruptcy in Canada halts court actions and protects you from creditors. Learn more about navigating judgment and debt relief.
How to Obtain Your Bankruptcy Discharge If Delayed

How to Obtain Your Bankruptcy Discharge If Delayed

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Is your bankruptcy discharge pending? Discover steps to expedite the process, connect with your Licensed Insolvency Trustee, and regain financial stability. Read now!
Difference Between Bankruptcy and Insolvency in Canada

Difference Between Bankruptcy and Insolvency in Canada

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Discover the key differences between bankruptcy and insolvency in Canada. Learn how these financial terms can impact your life. Read now!