According to the most recent data from the Bank of Canada, the average debt held by Canadians, excluding mortgages, is $20,759. While that paints a broad picture of household debt in Canada, we analyzed data from the 3,000 Canadian households we helped this year. These families and individuals represent nationwide coverage from our 50+ debt...Continue reading

This article is written by Paul Murphy, a 20 year veteran of the financial services industry and all-around knowledgeable guy. Debt is a common battle for millions of Canadians and you probably understand the causes and ways out, right? In some ways, debt and personal finance is really simple. But things often get complicated when...Continue reading

When it comes to actually filing bankruptcy in Canada, it’s confusing for a lot of Canadians.  Who do you contact? Where do you start? This is your guide to simplify bankruptcy and help you know where to start.  We’ve helped thousands of Canadians deal with millions and millions of dollars in debt. But as researching this...Continue reading

In 2014, I met a Kitchener resident who was facing such terrible financial difficulties that they were considering filing a bankruptcy through a trustee. The individual was highly educated but had recently become unemployed after buying a new home. She also had an older unreliable vehicle that was costing more to fix than what it...Continue reading

This article is by Trevor Glasser, a debt consolidation expert in Oshawa, Ontario.  Trevor Glasser has over 7 years of experience helping Oshawa families and businesses get out of debt. Many consumers struggle with trying to figure out if they are in trouble or not. How do you objectively determine what your financial health is...Continue reading

Scott Patton operates our Kitchener / Waterloo office.  As a debt expert since 2007 he has seen lots of changes to the debt industry and what it means for consumers to look for bankruptcy or consumer proposal help when facing difficult financial problems. The Reasons for Insolvency Since 2007 I have seen many factors that...Continue reading

Today’s post comes from our Ottawa debt consolidation expert, Shawn Frank . You can find out more about how Shawn Frank helps families and businesses in Ottawa get out of debt here.   I’m going to talk about a condition that I see a lot with families. It’s the treadmill of debt, a cycle of...Continue reading

Last week, we published a “True Debt Story.” It was about a man in his fifties who lost his business, fell deep into debt, and was forced to start over. This was a true story from an actual 4 Pillars client. We asked him to tell us his story and we presented his words unedited....Continue reading

  This article is by Paul Murphy, our Managing Partner with 15+ years of investment and banking industry experience. If you’d like advice about your particular situation, reach out here.  How Debt Restructuring Works in Canada In simple terms, debt restructuring is a proposal made to your creditors where you offer to repay the debt on different terms than...Continue reading

This is the true story of a man who lost his business and fell deep into debt. We asked him to tell his story. These are his words which we’ve left unedited.  This is an on-going story. You can read month one here.  In March, I had to close my advertising agency and let all my...Continue reading