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.
2009-11-30
Many lenders are comfortable with an individual keeping their financed or leased vehicle after declaring bankruptcy, as long as the lease or loan payments are kept up-to-date and all other terms of the financing agreement are honoured. You mentioned that you just signed the financing papers. We have had instances where the individual has obtained the vehicle financing just prior to filing bankruptcy and the lenders have allowed them to continue on with the financing arrangement - i.e., keep the vehicle and continue with the monthly payments. Different lenders have different policies, and their willingness to continue with the arrangement depends, in part, on your history with them and other factors. So, although no trustee can guarantee that you'll be able to keep the vehicle, lenders are often receptive to this. Judy Scott Meyers Norris Penny Limited Port Moody, Burnaby 604-949-2113 [email protected]
2025-10-13
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.
2025-10-06
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
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.