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If you have mounting debts which you are unable to pay, your creditors could use a collection agency to chase you for payment. These collection agencies could threaten you with court action, or threaten to seize your assets.  Read More

If your financial situation is so dire that you are considering seeing a lawyer about your debt problems, you should first make a thorough assessment of your finances. You may be able to solve your financial problem yourself, but if not you need to know where to go for help.  Read More

In Canada, consumer proposals or personal bankruptcies must be administered by a licensed bankruptcy trustee. Bankruptcy trustees are not lawyers. Bankruptcy lawyers do not—unlike in the US—administer bankruptcies. If you decide to declare bankruptcy, a bankruptcy trustee must file the paperwork for you.  Read More

Under Canadian law, you have the right to open a bank account regardless of a lack of a job, a lack of money to put into the account right away, or past bankruptcy.  Read More

Even if your financial situation is so overwhelming that you are filing for personal bankruptcy, you will not have to give up all your possessions. Bankruptcies are not intended to be punitive, but are instead the fairest way for the honest debtor deal with their debt and move forward.  Read More

The law protects the rights of every party in bankruptcy: the creditors, the trustee, and the debtor. As a debtor, the law protects you from undue stress caused by collection agencies which harass debtors. If you are being illegally harassed by a collection agency, you can make an official complaint.  Read More

Canadian bankruptcy rates have been abnormally high since the 2008 financial meltdown. Record consumer debt and a tight job market have made it easier than ever to get into debt. When you have reached the point that payments are only chipping away at accrued interest and you owe more than you could ever make, it may be time to call it quits.  Read More

Saving money doesn’t have to be a chore or require cutting back on life’s simple pleasures. Try using these 10 simple tips to take greater control over your finances, and keep more of your money in your pocket, instead of somebody else’s.  Read More

Not all debts are erased by bankruptcy. It’s important that you know which of your debts are covered by Canada’s bankruptcy law if you are considering filing for personal bankruptcy, to ascertain if bankruptcy is the best option to solve your current financial situation. Bankruptcy law is extremely complex.  Read More

If you owe money to the Canada Revenue Agency (CRA), you must take steps to avoid late payments. Any late payments owed to the CRA are subject to interest and penalties. Payment must be made by May 1, 2015 for the 2014 tax year. Additionally, any incorrect (falsified) tax returns will be penalized.  Read More