Caplan Debt Solutions

Canadian Debts

Does a Consumer Proposal Affect Your Credit Report?

A consumer proposal is a powerful debt relief option for Canadians struggling with overwhelming financial obligations. While it can provide much-needed relief, many wonder how it impacts their credit report and financial recovery. In this blog, we’ll take a closer look at what a consumer proposal means for your credit score and how you can […]

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Explore the rise in consumer insolvency filings in Canada, why seeking a Licensed Insolvency Trustee matters, and how Caplan Debt Solutions can help. Learn more today!

Understanding the Rise in Consumer Insolvency in Canada: What You Need to Know

The Alarming Growth of Insolvency Filings Canada is experiencing a significant rise in consumer insolvency filings, underscoring the financial challenges many Canadians are facing. According to the Office of the Superintendent of Bankruptcy (OSB), the third quarter of 2024 saw 34,588 consumer insolvency filings, averaging 376 filings daily. This marks a 13.5% year-over-year increase, although

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Managing Holiday Debt

Managing Holiday Debt: Strategies for a Joyful and Financially Healthy Season

Image Source: Shutterstock The holiday season is a time of joy, celebration, and, unfortunately, financial strain for many. With the allure of festive decorations, gifts, and gatherings, it’s easy to overspend and accumulate debt. However, with mindful planning and conscious spending, you can enjoy a fulfilling holiday season without compromising your financial well-being. Understanding the

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Carrying a Lot of Debt

Carrying a Lot of Debt? It’s Lowering Your Happiness

Are you feeling the weight of mounting debt? You’re not alone. 48% of Canadians are grappling with excessive debt (non-mortgage). The impact is not just on the wallet—it’s directly impacting happiness and well-being.  Study Finds Higher Debts Increase Unhappiness and Suicide Risk Research published in the American Journal of Epidemiology reveals that individuals facing significant

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Are You Responsible for Your Spouse’s Debt in Canada?

Finding out that your spouse has significant debt can be a daunting realization. You might be thinking, “am I responsible for my spouse’s debt in Canada?” Our professionals in Winnipeg for bankruptcy and consumer proposals provide a simple answer. Understanding the nuances of debt responsibility is crucial for both your financial and emotional well-being. Whether

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Are There Free Canadian Government Grants to Pay Off Debt?

The financial burden of debt is a reality for many Canadians. With the cost of living rising and interest rates climbing, it’s no surprise that more people are searching for ways to alleviate their debt. Find out from a qualified professional in Winnipeg on bankruptcy and consumer proposals if such grants even exist. A common

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Bankruptcy Winnipeg Solution

Budgeting Back in the Spotlight | Bankruptcy Winnipeg Solution

Budgeting Back in the Spotlight: LOUD Budgeting I’ve helped hundreds of people manage their bankruptcy Winnipeg situation, and one thing that I always come back to is the importance of budgeting.  The latest trend is LOUD budgeting.  What does that mean?  What is loud budgeting?  The easiest way to explain it, I believe, is to

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Consumer proposal calculator

Consumer Proposal Calculator: How a Consumer Proposal Payment Calculator Works

We are pleased to have introduced our Consumer Proposal Calculator. This is an important tool for a variety of reasons – not the least of which is that it gives you an accurate estimate of your debt relief options.  For many regular Canadians – 75% of them, in fact – consumer proposals offer the best

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