Jul192023
There are many different debt solutions available, some of which you can try to do on your own, while others will require the services of a professional. If you have decided to get the help of a financial professional, you will likely face the question of consumer proposal vs credit counselling – what are the […]
Jul102023
All Canadians are required to file their tax returns on time every year. Unless the government extends the deadline, as it had during the COVID pandemic, the deadline is April 30, and filing your taxes late, or not at all, can have severe consequences. This blog will look at the legal requirements for filing your […]
Jun252023
Unfortunately, there is no consumer proposal payment calculator for Ontario or Canada. The cost of a consumer proposal varies in each case, depending on income, assets and debts. However, consumer proposal payments typically come to about 30-40% on the dollar. The logical follow-up question is: How are consumer proposal payments calculated in Canada? This blog […]
May312023
Table of content What is Debt Consolidation? What is Debt Consolidation? Pros and Cons of Debt Consolidation Types of Debt Consolidation When to Consider Debt Consolidation? How Much Does Consumer Debt Consolidation Cost? What is Consumer Proposal? Pros and Cons of Consumer Proposal How Does a Consumer Proposal Work? When to Consider a Consumer Proposal? […]
May252023
Are you burdened with bad debt and searching for fast relief in Canada? If yes then you are landed on the right page. In this guide, we will walk you through effective strategies and practical steps to help you get rid of bad debt swiftly and reclaim your financial freedom. Dealing with bad debt can […]
Mar212018
A consumer proposal is a legal arrangement between a person (referred to as a consumer debtor or simply a debtor) and their creditors in which the debtor pays back (often) only a portion of the amount that is owed to their creditors over an extended period of time (up to 60 months). A consumer proposal […]
Mar72018
Bankruptcy has a reputation as one of the “uncomfortable” subjects that people don’t often discuss, and it is perhaps for this reason that there is a lot of false information out there. Add the stress of dealing with aggressive creditors and unpaid bills and it is no surprise that many people in debt suffer in […]
Jan312018
Ask most people about bankruptcy and you will hear a mixture of facts and common misconceptions. Conversely, if you ask about consumer proposals, you might find that many people have never heard of this popular alternative to bankruptcy. Despite this fact, you might be surprised to know that more consumer proposals are filed than bankruptcies […]
Jan242018
In April 2016 Canadian Bankruptcy Trustees were given a name change. The new name: Licensed Insolvency Trustee (LIT) – a name that indicates that we do more than just help with bankruptcy, that we offer additional options. Prior to our name change we were known as Bankruptcy Trustees (or Trustee in Bankruptcy). It is important […]
Jan172018
Helping people to resolve their debt problems is a top priority for Chande & Company. Our firm was founded by Licensed Insolvency Trustee Mihir (Mike) Chande in order to offer a more personalized approach to solving debt problems. Mike has combined insights from working in large firms with his experiences working in smaller practices. We focus […]
