Not sure how to deal with collections?
Here's where to start.
Not in Ontario, Alberta, BC, Nunavut or the NWT? Find a trustee in your province
Need unbiased advice on your debt situation?
One-on-one consultation with a former collection lawyer
- 30+ years in debt collection law
- Impartial, practical advice
- Confidential one-on-one sessions
Need unbiased advice on your debt situation?
One-on-one consultation with a former collection lawyer
- 30+ years in debt collection law
- Impartial, practical advice
- Confidential one-on-one sessions
with Mark Silverthorn, L.L.B.
Frequently Asked Questions
A Licensed Insolvency Trustee is federally regulated and is the only professional in Canada who can file a consumer proposal or bankruptcy. Once a proposal or bankruptcy is filed, every creditor is legally required to stop collection action, including lawsuits and wage garnishment.
A credit counsellor is provincially regulated and can't file legal proceedings. They set up a debt management plan, a voluntary agreement with your creditors. Creditors who agree to the plan stop collection action. It only binds the ones who sign on, and collections resume if you stop paying.
Source: Office of the Superintendent of Bankruptcy – Compare debt solutions
No. Checking your own credit score is a soft inquiry and has no impact on your score.
Yes. A Licensed Insolvency Trustee is the only professional who can do this. Once you file a consumer proposal or bankruptcy, a legal stay of proceedings takes effect. Collection agencies must stop contacting you and wage garnishments stop immediately.