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Whether you built up debt on your credit cards holiday shopping or have carried debt for a while, getting out of debt is the perfect resolution for 2019. According to a recent CIBC report close to half of Canadians feel they are not taking the proper steps to manage their finances in the approaching year.  Read More

A bankruptcy (BK) or consumer proposal (CP) agreement could impact a borrower’s ability to rent or own a home. However, often these options are helping people clean up overwhelming debt which would also provide barriers to credit and rental options.  Read More

A debt consolidation loan is a loan can be used to pay off all other outstanding debts. Often a bank, credit union or finance company will combine the amounts owed to your various creditors into one comprehensive loan that you pay down altogether rather than separately.  Read More

When one is forced to contemplate filing for bankruptcy, it’s an important process that is not entered into lightly. Contrary to popular belief, not everything you own is seized when you file for bankruptcy. Not only is there a long list of assets that are exempt from seizure, but there is also a hierarchy among your creditors as well.  Read More

Most, if not all of us aspire to be the kinds of people that pay their bills on time and have no significant money issues. Unfortunately, sometimes financial pressures, bad decisions, and just plain bad luck can bring things to the point where bankruptcy is the best – even only – solution.  Read More

There are numerous reasons a consumer ends up in bankruptcy. Despite this, the results remain the same for everyone that files. Once the requirements for the process have been completed successfully, any unsecured debts are eliminated and the individual is assured a clean financial future.  Read More

No one aims to become bankrupt, but 125,878 Canadians filed for personal bankruptcy in 2016. It’s projected that one in six Canadians will become bankrupt at some point in their lives. When you’re at the point of considering bankruptcy, it’s helpful to know you’re not alone. In fact, you’re in good company.  Read More

Being in debt is an unpleasant experience for anyone. When your debt exceeds your ability to pay it off, it is certainly something to be concerned about. People are forever looking for easy ways to tackle such problems. Most people keep wondering about what solution is right for them and what isn’t.  Read More

There is no denying that we often get lured into getting credit cards even if our common sense warns us against it. After all, they are accepted everywhere, do not require us to carry cash most of the time and help in getting loans sanctioned easily.  Read More

An equity receivership, or equitable receivership, is a form of receivership which is neither a plain care-taking pending foreclosure nor an action initiated by the government.  Read More