If you’re considering a consumer proposal, you may be wondering how it will affect your credit. Will you qualify for a credit card again? What about buying a home or financing a vehicle? And how long will a consumer proposal stay on your credit report? In Canada, a consumer proposal generally stays on your credit […]
Read MoreHow to Rebuild Your Credit Score After a Consumer Proposal or Bankruptcy
When your credit score drops after a consumer proposal or bankruptcy, it can feel like every financial decision moving forward will be harder. Many people worry they will never qualify for credit again, buy a home, or feel financially stable. A consumer proposal or bankruptcy is not the end of your financial future. In many […]
Read MoreHow to Handle CERB Repayment If You Can’t Afford It
Getting a letter saying you have to repay CERB can be stressful, especially if that money is long gone and you don’t have thousands of dollars available to pay CRA. If you’ve received a CERB repayment notice, don’t ignore it. What you do next depends on why you’ve been asked to repay CERB, whether you […]
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Can You Include Your CRA Debt in a Consumer Proposal or Bankruptcy?
CRA debt can feel especially stressful when interest, penalties, and collection action continue to build. In many cases, unsecured CRA debt can be included in either a consumer proposal or personal bankruptcy. The right option depends on the type of debt, your income, your assets, and your overall financial situation. Types of CRA Debt That […]
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Receivership vs. Division I Proposal: Which Option Fits?
When a business faces financial challenges, understanding the available options is an important first step. Cash flow issues, creditor pressure, or missed loan payments can create uncertainty, but the right solution depends on the company’s financial position, goals, and long-term outlook. Two options businesses may consider are a receivership and a Division I Proposal. While […]
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Consumer Proposal vs Bankruptcy: Key Differences for BC Residents
If you’re comparing a consumer proposal vs bankruptcy in BC, the right choice depends on more than how much debt you have. Your income, assets, home equity, monthly budget and ability to repay all play a role. This guide breaks down the key differences so you can understand how each option works and what it […]
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Debt Relief Quiz: Find the Right Option for You
If you are losing sleep over debt, you are not alone. Many people quietly struggle with rising balances, collection calls, and the feeling that their options are running out. What most Canadians do not realize is that there are several ways to deal with serious debt, and bankruptcy is only one of them. The challenge […]
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Bankruptcy Myths vs. Facts
Most people do not start by asking if they should file for bankruptcy. They start by trying to keep up. You might still be making payments, doing your best to stay on top of things, and hoping it will turn around. But behind the scenes, the balance grows. This is where misinformation makes things harder. […]
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How to Stop Wage Garnishment in BC with a Consumer Proposal
If your paycheque has suddenly shrunk because of wage garnishment, you likely have more questions than answers. Below, we explain how wage garnishment works in British Columbia, how much can legally be taken, and most importantly, how a consumer proposal can stop garnishment of wages and help you regain control. What Is Wage Garnishment in […]
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Top 5 Debt Consolidation Options in BC (and When to Use Them)
If you are constantly moving money around, watching balances barely change, and wondering how things became this complicated, you are not alone. For many people in British Columbia, debt does not arrive all at once. It builds quietly through everyday expenses, rising costs, and life events that were never part of the plan. At some […]
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