PERSONAL DEBT RELIEF

PRACTICAL STRATEGIES FOR CANADIANS LOOKING TO REDUCE DEBT AND REGAIN PERSONAL FINANCES. DISCOVER YOUR OPTIONS AND TAKE CONFIDENT STEPS TOWARD A BRIGHTER, DEBT-FREE FUTURE. WRITTEN BY A LICENSED INSOLVENCY TRUSTEE, MEMBER OF THE LAW SOCIETY OF ONTARIO, FORMER PRACTISING LITIGATION LAWYER, AND NEW YORK CITY FINANCE VETERAN.

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This page is for employees and households. If you are salaried or paid by the hour, retired or on a fixed income, running a family on one income where there used to be two, or carrying credit cards, a line of credit, a car loan or a tax bill after a job loss, a separation, an illness or a business that closed, it was written for you. You do not need to have decided anything to read it.

This is where the debt help on this site starts. It is a starting point rather than a sales page. What is gathered here is meant to let you see your own position clearly, in your own numbers, before you decide anything at all.

Use it in whatever order suits you. If you want to know what a first meeting is actually like before you book one, read the article on meeting a Licensed Insolvency Trustee, the professional licensed to file a consumer proposal. If your question is whether a proposal would lower what you pay each month, read the article beside it, then put your own figures through the Consumer Proposal Calculator. If you would rather understand the process itself first, start at the Consumer Proposal Resource Centre. A consumer proposal is a legal process under the Bankruptcy and Insolvency Act, not a programme you sign up for.

Reading costs nothing here. In my practice the first conversation is free and carries no obligation.

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WHAT REALLY HAPPENS WHEN YOU MEET A LICENSED INSOLVENCY TRUSTEE (LIT) IN CANADA

Take control of your debt—see how a Licensed Insolvency Trustee can put a stop to constant phone calls and demanding emails from creditors.

READ ARTICLE

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WHETHER A CONSUMER PROPOSAL CAN ACTUALLY LOWER PAYMENTS

Canadian debt relief isn’t one-size-fits-all. See how a Consumer Proposal can make payments affordable, protect assets, and give Canadians a clear path forward.

TRY THE CONSUMER PROPOSAL CALCULATOR

Paul Franchi is a Licensed Insolvency Trustee across the province of Ontario, based in Toronto and the GTA, and a former practising lawyer who is a current member of the Ontario Law Society. With 15 years of experience in the Wall Street financial sector, he combines expertise in insolvency, law, and finance to provide a unique perspective on insolvency in Canada. Paul is the author and editor of The Insolvency Report.

PAUL J. FRANCHI, J.D., MBA, CIRP, LIT

Paul Franchi is a Licensed Insolvency Trustee across the province of Ontario, based in Toronto and the GTA, and a current member of the Law Society of Ontario, former practising litigation lawyer. With 15 years of experience in New York City’s finance sector, he combines expertise in insolvency, law, and finance to provide a unique perspective on insolvency in Canada. Paul is the Publisher and Editor-in-Chief of The Insolvency Report.

In-depth analysis of complex debt situations, provided by a Licensed Insolvency Trustee, a current member of the Ontario Law Society and former practising lawyer, and a Wall Street finance veteran. This newsletter offers a unique perspective on Canadian insolvency.

SEE WHAT A CONSUMER PROPOSAL WOULD COST YOU & HOW MANY YEARS IT WOULD TAKE TO PAY OFF YOUR DEBT

Explore these two free consumer proposal tools. The Consumer Proposal Resource Centre explains how a proposal works, what happens to your home and your car, and how it shows on your credit report. The Consumer Proposal Calculator estimates what your monthly payment would be in a couple of minutes, and it shows the same math a trustee uses to get there. Nothing you type into it is saved or sent.

CONSUMER PROPOSAL RESOURCE CENTRE

TRY THE CONSUMER PROPOSAL CALCULATOR

North America’s first fully interactive Consumer Proposal Calculator.

INSOLVENCY INSIGHTS FOR ALL

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I. INSOLVENCY FOR PROFESSIONALS

Expert analysis on professional collaboration for lawyers, accountants, mortgage brokers, realtors, and other professionals serving heavily indebted clients.

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II. BUSINESS DEBT SOLUTIONS

A roadmap for Canadian business owners facing financial challenges and identifying opportunities to rebuild or transition with confidence.

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III. PERSONAL DEBT RELIEF

Practical strategies for individuals and families in Canada looking to regain control of their finances and take confident steps toward a brighter, debt-free future.

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GET A FREE CONFIDENTIAL CONSULTATION

YOUR FRESH FINANCIAL START BEGINS WITH ONE CONVERSATION

When you’re ready to see your debt options clearly, the light is on.