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Perhaps the biggest deterrent people feel when contemplating bankruptcy is the adverse effect it has on their credit score. It is true that bankruptcy affects one’s credit score, but to what degree? Just how much does bankruptcy really affect one’s credit score?  Read More

One of the biggest deterrents people consider when considering bankruptcy is the adverse effect it has on their credit score, which in turn has a negative effect on their ability to rent an apartment. Many people often think of a nightmare scenario in which bankruptcy leads directly to homelessness, but this is simply untrue.  Read More

Becoming a parent is often the most wonderful and magical time of person’s life, but it can be difficult to enjoy the miracle of creating life when you are burdened by financial debt. Raising a child is not cheap, and all the prospective bills can seem catastrophic for a couple in debt. However, there are ways to manage it.  Read More

Education can be expensive. By the time your children are adults, education is likely the largest expenditure you will have incurred in raising them.  Read More

In some cases, bankruptcy may be the only option in order to regain financial stability again. While bankruptcy can be a stressful event on its own, children can certainly compact this stress as parents will undoubtedly be concerned as to how bankruptcy may affect their well-being.  Read More

North America is in the midst of a student debt crisis. The exorbitantly high cost of post secondary education and a job market where repayment often takes years to complete means that student loans tend to follow people around for a depressingly long time.  Read More

It is a fact of life for most people in the 21st century: at some point or another, you are going to need to borrow money in order to continue living your life. Whether it be for a house, to grow your business, for higher education to make yourself a more marketable/valuable employee, eventually we all need to take out loans.  Read More

It can be a challenge to live on a budget when you have a large family, but it can be done. All it takes is careful planning and being aware of where your money goes.  Read More

The time that you spend as a student can be fun and exciting, but if you have borrowed a lot of money to get through school, the time comes when you must repay those loans. It is important to pay these off as fast as you can so they are not looming over your head and collecting interest for years into the future.  Read More

If you are married and need to claim bankruptcy, you may be concerned as to how your assignment into bankruptcy will affect your spouse. If your spouse is joint on a co-signed debt, then a creditor can legally pursue your spouse for repayment of that debt even if you file for bankruptcy.  Read More