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Consumer proposal and bankruptcy laws both deal with the same thing: a person's unsecured debts. These can be anything from lines of credit, credit cards, debts on income taxes, and personal loans.  Read More

Are you worried about your credit card debt? Credit card debt is something millions of Canadians are struggling with. For example, in America, the public owes over one trillion dollars in debt. In Canada, the numbers are equally discouraging.  Read More

Being deep in debt is stressful. Debt can make it impossible to have financial freedom and can grow worse if you don’t take action to get a handle on it. People can also need bankruptcy protection because they think have left the issues to long to have many other options.  Read More

It is tax season in Ontario and the dealing with unexpected Income Tax debt can be overwhelming. Here are 5 things every person should know about Income Tax and Income Tax debt: Not filing your taxes on time will only make matters worse.  Read More

Money is a major cause of why couples fight, so most partners may prefer to ignore the topic altogether until it’s really necessary. Couples tend to follow the financial habits they learned from their parents or role models, which makes it sort of an emotional subject to discuss.  Read More

Moving abroad to escape your credit card debt might sound like a good idea, considering there are different systems and regulations in each country when it comes to assessing a person’s credit. Especially since it’s unlikely that a foreign lender would ask for a copy of a Canadian-based credit report.  Read More

If your business or personal finances are in serious trouble, filing for bankruptcy can give you the relief you need and a clean slate to start over. However, many are concerned that bankruptcy will ruin their credit. Generally, anyone who’s considering bankruptcy already has bad credit due to delayed payments or their debt to income ratio.  Read More

Most Canadians overdo it when it comes to holiday spending. While there’s nothing wrong with having fun and indulging over the holidays, you don’t want to spend the next year paying for it. Paying off your holiday debt in the new year is possible.  Read More

Retirement is supposed to be a joyous time when we can relax and enjoy the life we’ve built for ourselves, our children and grandchildren. Unfortunately, many of us will find that impossible, since we will be saddled with debt.  Read More

If you find yourself in a financial nightmare where you cannot get out from under a mountain of debt because of your student loans, you may be wondering if bankruptcy is the right option for you. There are rules for declaring bankruptcy when you have student loans.  Read More