09/10/2026
Some good news from the regulator this week, and it matters if you are carrying debt.
The Office of the Superintendent of Bankruptcy published its annual report. Since late 2023, roughly 60 percent fewer people are arriving at a trustee having taken advice from a debt advisor first, and almost 50 percent fewer paid a fee for that advice.
Here is why that is worth knowing. For years, companies advertised debt help, charged people hundreds or sometimes thousands of dollars, and then walked them over to a Licensed Insolvency Trustee. That introduction is free. It always was.
So if anyone asks you for a fee before you have even spoken to a trustee, you do not need them.
Call us directly. The first conversation costs nothing.
1-800-268-8093
harrispartners.ca