Toronto Debt Solutions

7 Mistakes You’re Making with Estate Administration Ontario (and How to Fix Them) 7 Mistakes You’re Making with Estate Administration Ontario (and How to Fix Them) Are you an Estate Trustee in Ontario feeling overwhelmed? Being an executor is more than just reading a Will—it’s a fiduciary role that carries significant personal liability. In this video, Brandon Smith from Smith Estate Trustee Ontario breaks down the 7 most common (and costly) mistakes people make during the Ontario probate process. From missing the 180-day Estate Information Return deadline to the "Clearance Certificate" trap, we cover the legal and financial pitfalls you need to avoid to stay out of court and keep the CRA happy. What you’ll learn in this video: ✅ Why distributing assets too early can cost you personally. ✅ The difference between a regular estate and an Insolvent Estate. ✅ How the Bankruptcy and Insolvency Act (BIA) protects Ontario executors. ✅ Why you MUST have a dedicated Estate Ban...

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GAMBLING SITES RUINED YOUR FINANCES? HOW TO WIPE THE DEBT IN CANADA THIS BRANDON’S BLOG GOES LIVE ON MONDAY, JULY 13, 2026 AT 12:00 NOON GAMBLING SITES RUINED YOUR FINANCES? HOW TO WIPE THE DEBT IN CANADA Online gambling sites and sports betting apps are designed to win—which means you are designed to lose. If you’ve found yourself buried under credit card debt or payday loans because of online gambling, you need to know that there is a legal way out specifically for Canadians. In this video, Brandon Smith from Ira Smith Trustee & Receiver Inc. breaks down how the Bankruptcy and Insolvency Act (BIA) treats gambling debt and how you can use a Consumer Proposal to hit the "reset button" on your life. What you will learn: ✅ Why gambling debt is considered "unsecured debt" in Canada. ✅ How a Licensed Insolvency Trustee (LIT) protects you from creditors. ✅ The difference between a Consumer Proposal and Bankruptcy for gambling-related insolvency. ✅ How to sto...

THE RISE OF CREDITOR-LAUNCHED CCAA PROCEEDINGS: HOW LENDERS ARE TAKING CONTROL IN 2026 THE RISE OF CREDITOR-LAUNCHED CCAA PROCEEDINGS: HOW LENDERS ARE TAKING CONTROL IN 2026 The landscape of Canadian business restructuring is shifting. Traditionally, the Companies' Creditors Arrangement Act (CCAA) was a tool used by companies to protect themselves from creditors. But in 2026, we are seeing the rise of the "Creditor-Launched CCAA." In this video, Brandon Smith from Ira Smith Trustee & Receiver Inc. breaks down why sophisticated lenders are no longer waiting for a company to file for protection. Instead, they are taking the initiative to launch CCAA proceedings themselves to control the restructuring, the sale process, and the future of the business. If your company has over $5 million in debt, understanding this trend is critical to your survival. What you will learn: ✅ What a Creditor-Launched CCAA proceeding actually looks like. ✅ Why the $5 million debt thres...

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Define Conditional Discharge: Why Your Canadian Bankruptcy Isn't Over Yet! THIS BRANDON’S BLOG GOES LIVE ON MONDAY, JUNE 29, 2026 AT 12:00 NOON Define Conditional Discharge: Why Your Canadian Bankruptcy Isn't Over Yet! Think filing for bankruptcy in Canada automatically wipes the slate clean? Think again. In this video, Brandon Smith from Ira Smith Trustee & Receiver Inc. breaks down the "Conditional Discharge"—a critical stage in the Canadian bankruptcy process that many people don't see coming. If the Court issues a conditional discharge, you are NOT yet released from your debts. We’ll cover: ✅ What is a conditional discharge under the Bankruptcy and Insolvency Act (BIA)? ✅ The difference between an Absolute, Conditional, and Suspended discharge. ✅ Why a Licensed Insolvency Trustee (LIT) or a creditor might object to your "fresh start." ✅ Real-world examples of conditions (Surplus income, failure to perform duties, or "Ms. Li" st...