The latest MNP Consumer Debt Sentiment Survey shows that a lack of financial literacy skills may be intensifying Atlantic Canadians’ consumer debt binge.

If you have one credit card with no balance will it be shut down too?

We have a large debt and are running out of options. If we declare bankrupty, will we lose our mortgage. If we do a proposal ourselves is it binding

While Black Friday and Cyber Monday used to be predominantly American shopping events, Canadian consumers and retailers have gotten right on board in recent years.

There is no doubt about it. The drop in oil prices has affected nearly everyone in Alberta. Central Alberta especially, is experiencing a significant hike in the amount of people seeking to restructure their debt or attain manageable debt relief solutions.

Are you wondering who to turn to when you need help with debt in Canada and your credit rating is too low to consolidate your debts?

The term “Blue Monday” was coined by psychologist Cliff Arnall when he calculated the third Monday in January as the most depressing day of the year.

All bankruptcies in Canada are administered through federal legislation called the Bankruptcy & Insolvency Act. If you file for bankruptcy in Manitoba, you do not have to file again in another province if you move. The bankrupcy is recognized across all provinces.

Even with their debt concerns growing, Canadians appear to be reluctant to get help. A survey from MNP Debt revealed that only 14 per cent of Canadians who admit to being unable to pay their bills have sought professional help to deal with their debt.

If you are struggling with rising debt, you may be looking for support or assistance to get your financial situation back on track. Bankruptcy is not the only solution for dealing with your outstanding debts.