Toronto Debt Solutions

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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DO I HAVE TO LOSE MY CAR IF I FILE FOR BANKRUPTCY IN CANADA? (THE TRUTH) DO I HAVE TO LOSE MY CAR IF I FILE FOR BANKRUPTCY IN CANADA? (THE TRUTH) Are you worried about losing your vehicle because of overwhelming debt? In this video, Brandon Smith from Ira Smith Trustee & Receiver Inc. breaks down the Canadian bankruptcy laws regarding your car, truck, or SUV. Many Canadians believe that filing for bankruptcy means losing everything, but the "Bankruptcy and Insolvency Act" and provincial laws (like the Execution Act in Ontario) are actually designed to help you keep essential assets. In this video, you will learn: ✅ The $7,117 Ontario vehicle exemption rule. ✅ What happens to financed or leased vehicles during bankruptcy. ✅ How to "buy back" equity in your car so you don't have to surrender it. ✅ Why a Consumer Proposal might be the better option for keeping high-value vehicles. At Ira Smith Trustee & Receiver Inc., we believe in "Starting O...

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