Toronto Debt Solutions

CONSUMER PROPOSAL VS BANKRUPTCY: WHICH ONE WINS IN 2026? (THE REAL DIFFERENCE) THIS BRANDON’S BLOG DROPS ON MAY 11, 2026, AT 12:00 NOON CONSUMER PROPOSAL VS BANKRUPTCY: WHICH ONE WINS IN 2026? (THE REAL DIFFERENCE) Are you feeling overwhelmed by debt and unsure which path to take? You aren't alone. With Canadian insolvencies at a 15-year high, choosing the right solution is the difference between losing your assets and a total financial fresh start. In this video, Brandon Smith, Licensed Insolvency Trustee at Ira Smith Trustee & Receiver Inc., breaks down the critical differences between a Consumer Proposal and Bankruptcy under the Canadian Bankruptcy and Insolvency Act (BIA). We’re stripping away the jargon to give you the "honest but unfortunate" truth about: ✅ Which option lets you KEEP your house and RRSPs. ✅ Why a Consumer Proposal payment stays fixed (even if you get a raise!). ✅ The real impact on your credit score (R7 vs R9). ✅ How to stop col...

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IS A HUSBAND RESPONSIBLE FOR HIS WIFE’S CREDIT CARD DEBT IN ONTARIO? (THE TRUTH!) IS A HUSBAND RESPONSIBLE FOR HIS WIFE’S CREDIT CARD DEBT IN ONTARIO? (THE TRUTH!) Are you worried that your wife's credit card debt will ruin your credit score or take your house? In Ontario, the rules of spousal debt are often misunderstood. In this video, Brandon Smith from Ira Smith Trustee & Receiver Inc. breaks down the legal realities of debt and marriage under the Bankruptcy and Insolvency Act (BIA) and Ontario law. What you’ll learn: ✅ The difference between Individual and Joint Debt in Ontario. ✅ Why a "Supplementary Card" might not mean what you think it does. ✅ How a spouse’s debt impacts "Net Family Property" and Equalization. ✅ How a Consumer Proposal can protect one spouse while settling the other's debt. ✅ Why you are NOT automatically liable for your spouse’s debt just because you’re married. If you are a husband in Ontario feeling the pressure of ...

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WILL MY EMPLOYER FIND OUT IF I FILE FOR A CONSUMER PROPOSAL? (THE TRUTH) WILL MY EMPLOYER FIND OUT IF I FILE FOR A CONSUMER PROPOSAL? (THE TRUTH) Are you holding back on debt relief because you’re terrified your boss will find out? You aren’t alone. For many Canadians, the fear of professional stigma or losing their job is the #1 reason they stay trapped in debt. In this video, Brandon Smith from Ira Smith Trustee & Receiver Inc. breaks down the legal reality of consumer proposals and employment in Canada. We cover: ✅ Does the Licensed Insolvency Trustee (LIT) notify your employer? ✅ Section 66.36 of the Bankruptcy and Insolvency Act: Your legal protection against being fired. ✅ The 3 specific reasons an employer might find out (and why one of them is actually GOOD news). ✅ Professional Designations: What CPAs, Lawyers, and HR professionals need to know about self-reporting. ✅ Security Clearances: How insolvency affects Level II and Level III clearances. Stop letting debt ...

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