Debt Settlement vs. Consumer Proposal: What’s the Difference? First, a debt settlement company often, does not make regularly scheduled payments on your behalf to creditors.  Why not?  Because in a typical debt settlement plan you are required to accumulate a lump sum of money, which is...

Following are some of the latest statistics on insolvencies in Canada. OVERALL VOLUME OF INSOLVENCIES REMAINS STEADY A total of 122,959 new insolvencies were filed in 2013, an increase of just 0.2 percent (208 files) over 2012. During the economic recession and its immediate aftermath,...