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FRESH START FROM DEBT: CONSUMER PROPOSAL VS BANKRUPTCY IN CANADA
Do you feel trapped by credit card debt, collection calls, or payday loans and wonder if a legal “fresh start” is even possible in Canada? In this video, avatar Ira Smith, Licensed Insolvency Trustee, explains how a consumer proposal and a personal bankruptcy work under Canada’s Bankruptcy and Insolvency Act, so you can choose the right fresh start for your situation.
You will learn:
The warning signs your debt is no longer manageable and it is time to get professional help.
The key differences between a consumer proposal and bankruptcy, including how much debt can be erased, what happens to your house, car, and other assets, and how creditor protection works.
How a Licensed Insolvency Trustee (the only professional in Canada legally authorized to file consumer proposals and bankruptcies) guides you from your first confidential consultation to your discharge.
What a real “fresh start” looks like after filing, including how long it stays on your credit report and practical steps to rebuild your credit using tools like secured credit cards and better budgeting.
If you are in the GTA or anywhere in Ontario and overwhelmed by debt, you do not have to keep struggling alone. Your initial consultation with Ira Smith Trustee & Receiver Inc. is free, confidential, and without obligation, so you can understand all your legal options before making a decision.
📞 Call now: 905‑738‑4167
🌐 Learn more online: https://irasmithinc.com/blog/fresh-start-gta-debt-freedom/
Ira Smith Trustee & Receiver Inc.
167 Applewood Crescent #6, Concord, ON L4K 4K7
(647) 799-3312
Subscribe to our channel for more financial advice. Contact us today at Ira Smith Trustee & Receiver Inc. to start your journey toward financial freedom.
Timestamps
:
0:00 Feeling trapped by debt?
0:50 What “fresh start” really means in Canada
2:30 Signs your debt is unmanageable
4:00 Consumer proposal: benefits and drawbacks
6:30 Bankruptcy: when a full reset makes sense
9:00 Role of a Licensed Insolvency Trustee (LIT)
11:00 How long it affects your credit
13:00 Rebuilding after your fresh start
15:00 How to book your free confidential consultation
This video is for Canadians seeking trusted, government‑regulated solutions to become debt‑free through a consumer proposal or bankruptcy, not quick‑fix schemes.
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