The Greater Toronto Area is facing its worst business debt crisis in decades. As a licensed insolvency trustee who has helped many GTA businesses navigate financial challenges, I’m seeing alarming trends that every business owner needs to understand. The GTA Business Landscape: Canada’s Economic Powerhouse Under Pressure Toronto is Canada’s business and financial capital. It […]
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Bankruptcy and Insolvency Act Forms Introduction Dealing with debt can feel overwhelming. If you are a person looking into bankruptcy or a consumer proposal in Canada, or you are a business owner putting your company into a formal financial restructuring process, you’ll need to understand the paperwork involved by the insolvency profession. As a Licensed […]
What is a Stay of Proceedings? A stay of proceedings is like hitting the pause button on debt collection. When you file an assignment in bankruptcy, a consumer proposal or a Notice of Intention To Make A Proposal in Ontario, this legal protection automatically stops most unsecured creditors from taking collection action against you. If […]
Canadian Businesses Introduction As a Licensed Insolvency Trustee firm serving the Greater Toronto Area for over 20 years, we’ve seen Canadian businesses go through many ups and downs. Right now, we’re facing some tough times that remind me of the beginning of the 2008-2009 financial crisis. But there’s more to the story than just bad […]
credit cards debt Understanding Credit Cards Debt It has recently been reported in the Canadian media that Canadians living in the GTA, including Vaughan, Markham, Toronto, Mississauga and York Region are now falling behind in both mortgage payments and other debt payments, including credit cards. If you’re losing sleep over credit cards debt and wondering […]
Are you struggling with debt in Toronto, Vaughan, Newmarket, Mississauga, or anywhere else in the Greater Toronto Area? Your Equifax credit score might be telling a story you didn’t expect. As a licensed insolvency trustee serving the GTA, I’ve seen how credit score surprises can impact families when they need financial help most. What is […]
protection from creditors Protection From Creditors: The Real Problem Toronto Business Owners Face I need to start by reminding you that I am a licensed insolvency trustee, not a lawyer. This Brandon’s Blog on protection from creditors is not about how to hide your assets from creditors when financial trouble looms. It is also not […]
forgiving student loans Forgiving Student Loans: Introduction To The Piekut Case Are you struggling with student loan debt in Canada? Wondering if there’s any way to get those loans forgiven through bankruptcy? You’re not alone. Many Canadians find themselves burdened by student debt long after graduation, and the path to financial freedom can seem unclear. […]
Tariff Introduction As a licensed insolvency trustee serving the Greater Toronto Area, I’ve seen firsthand how unexpected financial pressures can push individuals and businesses to the brink. One growing concern for Canadians is the impact of United States tariffs on our economy, businesses, and finances. In this Brandon’s Blog, I explore how the claims surrounding […]
mortgage delinquencies Mortgage Delinquencies Introduction Have you been keeping up with your bills lately? You might have spotted a troubling trend in financial news. More and more Ontario homeowners are trying to keep up with their mortgage payments. Last quarter alone, over 11,000 mortgage delinquencies were recorded—nearly triple what we saw back in 2022! I’ve been […]