2025-10-30
Debt traps and financial nightmares
Lifestyle Debt
Many Canadians are stuck in payday loan cycles. Learn how debt traps form, why they’re harmful, and what you can do to escape and regain control.
Student Loans And RRSP Changes Now In Force
2008-07-08
The following changes are now in force as of July 7, 2008: Student loans will now be forgiven in a bankruptcy or proposal if the individual ended their studies more than 7 years before the date of bankruptcy. This is a reduction from the previous 10 year rule. RRSPs, with some restrictions, will be protected from creditors in a bankruptcy or proposal. The restrictions are that, in some provinces, contributions made in the previous 12 months will not be protected. Stay tuned - further details will be provided as more information becomes available.
Latest Blog Posts
2025-10-21
How we helped a client decide between a consumer proposal and bankruptcy
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
2025-10-20
Seniors and Debt
Alternatives to Bankruptcy Bankruptcy Consumer Proposal Lifestyle Debt MNP Consumer Debt Index
Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.
