2025-11-20
Understanding what debt collectors can and cannot do
Debt Solutions
Understanding your rights as a consumer can help protect you when dealing with creditors and debt collection agencies.
Am I Responsible For My Common Law Spouses Debts?
2013-03-19
Under the new Family Law Act of BC, I’m now considered a common-law spouse. Am I responsible for my common-law spouse’s debts?
Luckily, becoming a common-law spouse in BC does not mean you are now responsible for your common-law spouse’s debts. As before, the debts you sign for are your debts and your responsibility, and the debts your common-law spouse signs for are his or her responsibility. If you both sign for the same debt, then you are both responsible for the debt. If one of you fails to pay, the lender may come after the other. Beware supplemental or spousal credit cards, as it will depend on the wording of the cardholder agreement as to whether the supplemental cardholder is responsible for the debt.
For more information on debt in BC, please contact an MNP office in your area.
Latest Blog Posts
2025-11-13
Stigma of Debt: Your Questions Answered
Debt Solutions
Many may feel ashamed, embarrassed and completely overwhelmed about their debt. People experiencing debt-related stress often suffer from many associated health issues, such as sleepless nights, headaches, tension and more. And feeling out of control when it comes to managing their debt payments often prevents people from taking control of their financial situation. Not all debt results from overspending, living beyond one’s means, frivolous behavior or money mismanagement. To answer your questions about the stigma of debt, and to learn about the options available to you, tune into our Stigma of Debt VLOG series below with MNP's Licensed Insolvency Trustees.
2025-11-05
What should you do when the Canada Revenue Agency calls?
Debt Solutions
Unexpected tax debt can be a daunting prospect. How can you confirm the CRA is really calling you — and pay back what you owe?
