Debt help and debt relief options in Canada

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 Paul Franchi, a Licensed Insolvency Trustee whose background combines law, investment management, product development and finance.

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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.

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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, Licensed Insolvency Trustee

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

Paul Franchi is a Licensed Insolvency Trustee with Bromwich+Smith (BSI), serving individuals and businesses across Canada. A former practising lawyer, he brings seventeen years of Wall Street experience in investment management, product development and finance to his insolvency work. He is the publisher and editor-in-chief of The Insolvency Report.

Analysis of Canadian debt and insolvency from Paul Franchi, a Licensed Insolvency Trustee with a background in law, investment management, product development and finance.

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.