2025-10-13
Managing debt through divorce: What to consider
Debt Solutions Lifestyle Debt
When relationships end, shared debt can become a lasting burden. Here’s what to know about your responsibilities, risks, and financial options.
50000 In Debt Whats My Best Option
2010-12-12
Your best option depends on what your income is and what you own. If, based on your income and assets, you can pay the debt over time, but not the associated interest, a good credit counselling program might be the answer for you - lower payments, lower interest. If you know that you can't pay the full amount of the debt (even if there was no interest on it), a Consumer Proposal can reduce your total debt to a percentage of what it is right now (and it also eliminates the interest). If that would still be too much for you to manage, then a bankruptcy may be the right way for you to get out from under the debt. Any of these options will give you a clean slate - if you want to discuss things in more detail, feel free to give me a call. Judy Scott Trustee - Meyers Norris Penny Limited Port Moody - Burnaby - Maple Ridge BC 604-949-2113 [email protected]
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2025-10-06
Ontarians face ‘heat or eat’ decisions as financial strain deepens
MNP Consumer Debt Index
Ontarians’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.
2025-10-06
Report: Saskatchewan and Manitoba residents’ financial cushion shrinks as more edge closer to insolvency
MNP Consumer Debt Index
The financial vulnerability of Saskatchewan and Manitoba residents is intensifying as their financial cushions shrink and more households edge closer to insolvency.
