As I wrote previously, the Financial Consumer Agency of Canada (FCAC) was established in 2001 by Financial Consumer Agency of Canada Act to: “ensure that financial institutions, external complaints bodies and payment card network operators are supervised by an agency of the Government of Canada so as to contribute to the protection of consumers of...Continue reading

As a debt restructuring specialist, I spend all my days working with and for Canadian consumer debtors facing insolvency. When you approach insolvency, you are basically seeking to negotiate with your creditors to relieve or eliminate your debt, and our job is to help our clients understand this process and make the best decisions possible...Continue reading

WELCOMING A NEW VOICE: CANADIAN DEBTORS For about two decades now, I have worked with colleagues across the country to offer valuable services and support to Canadians facing crushing debt and insolvency. It has been a rewarding career journey as I know we have helped thousands move out of crisis and into financial stability. In...Continue reading

Inflation squeezes those in debt even harder. September 5, 2018: Today, the Governor Stephen Poloz, released the Bank of Canada’s most recent decision on national interest rates. As expected, he indicated there would not be a rate increase at this time, even while inflation rates continue to hover at the outer edges of their comfort...Continue reading

Debt Settlement: A Permanent Vacation from your Debt All summer long you’ve listened to friends tell you about their fabulous vacations.  They’ve blogged about grand adventures, posted pictures of amazing escapades, and regaled you with humorous antidotes about that time they did that thing.  And when they get around to asking about your summer, you...Continue reading

Looking out for Number One or looking after your interests?  We live in a cynical world.  There’s no such thing as a ‘free’ lunch, the flirty waitress is working for tips, and the friend who just praised you to the heavens is probably going to ask for a favor.  Though age and experience has left...Continue reading

When we think about filing bankruptcy, we often think that we will be in the hands of the court and protected from your creditors. In some ways this is true, but you will actually have to pay fees to the Bankruptcy Trustee and just because you are paying their fees, this does not mean they...Continue reading

Most Canadians when faced with hard to manage debt issues will visit the internet seeking a solution to their problems. What they’ll find is a confusing array of messaging that all sounds similar – promising to reduce debt, start fresh, become free of debt sooner etc… What you need to know is the majority of...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