2025-10-01
Debt consolidation vs. consolidating credit: What’s the difference?
Lifestyle Debt
Financial jargon can be murky at the best of times. Downright frustrating when you’re sinking in the depths of unmanageable debt.
2008-03-18
Everyone in Alberta is allowed up to $5,000 of equity in their vehicle (i.e. the car value less secured debt on the car) If your car is free and clear, you will be given the opportunity to keep the car and contribute the excess of the value over $5,000 into the bankruptcy estate. This excess can be paid monthly over the course of your bankruptcy. If the car is secured to a lender, we will take a look at the total debt due on the vehicle as compared to the value of the vehicle. In most cases, the secured debt is more than the value of the car. If so, there is no excess equity and you will have the option of keeping the vehicle and continuing with the monthly payments. If the value of the car exceeds the secured debt, you still get the $5.000 exemption.
2025-10-01
Lifestyle Debt
Financial jargon can be murky at the best of times. Downright frustrating when you’re sinking in the depths of unmanageable debt.
2025-09-30
In times of economic uncertainty, finding joy in the simple, budget-friendly experiences is more important than ever.
2025-09-29
Lifestyle Debt
A clear, realistic budget can help you reach your goals faster. Learn five practical steps to take control of your finances and spend with confidence.