Consumer Alert
Unregulated debt advisors are targeting indebted Canadians with promises of a quick fix, charging unnecessary fees for debt-relief services they are not authorized to provide.
November 14, 2023 Ottawa, Ontario
The Office of the Superintendent of Bankruptcy (OSB) and the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) want to help Canadians avoid debt-relief scams.
Debt relief scams often target indebted consumers by falsely promising insolvency options like consumer proposals and bankruptcies. Some unlicensed debt advisory firms charge hundreds or even thousands of dollars in unnecessary fees for services they are not licensed to provide and often misrepresent the services they can offer.
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Read the full article at: https://www.canada.ca/en/innovation-science-economic-development/news/2023/11/struggling-with-debt-beware-of-debt-relief-scams.html