Features  & Facts:

Majority of Canadians are facing several economic & socio-economic issues that lead to more debts and eventually become insolvent such as:

• Slow Local and/or National Economic Growth.
• Business Loss.
• Low Income/Revenue.
• No Assets or Savings.
• Rising Cost of Living and Inflation.
• Unemployment / Disability.
• High Interest Rates on Loans & Credit Cards.

Here are some facts by Statistics Canada:

• Consumer Price Index (CPI); which reflects the cost of living in Canada is 140 times higher in year 2018 compare to year 2000 (over 18 years).
• Canadian household debt-to-income ratio is around 177 per cent of disposable income in 2019. This means; the average Canadian owes about $1.77 for every dollar of income he or she earns per year, after taxes.
• Over 90% of Canadians within age group 55 to 65 become insolvent (i.e. accumulated debt per person is over $1000).
• In year 2017; there were total of 60,669 bankruptcy cases across Canada, and 15,968 cases in Ontario alone.
• One in every six Canadians files bankruptcy.

Our professional licensed team is always ready to provide you with a wide range of counseling services and legal solutions to solve your debt problems; such as:

• Debt Consolidation and Equity Loans.
• Budgeting and Strategic Credit Management.
• Consumer Proposal or Debt Settlement (unsecured debts between $1000 – $250,000).
• Division I  Proposal (unsecured debts > $250,000).
• Consumer and Business Bankruptcy.
• Credit Repair.

Not  dischargeable  debts:

• Court Fines,
• Family Support Arrears,
• Personal & Fraud Debts,
• Student Loans: if the insolvent does not meet OSAP Regulations.
• Owing Balance to Canada Revenue Agency; if the insolvent does not meet CRA Regulations.

We can CLEAR up to 70% of debts in Consumer Proposal, and 100% in Bankruptcy; based on insolvent’s situation and net worth.

We always work closely with our clients (debtors) to serve their interests and to protect their assets should exist.