I have approximately 4 small debts, with credit card companies and a $7,500 unsecured loan in Manitoba, would it be advisable to file for bankruptcy before these creditors file for garnishment?

The numbers are in and they’re telling a story that feels a little too close to home for Canadians. Given today’s struggling economy and unemployment hitting tens of thousands of households across the country, many consumers have found themselves relying on credit to help them from one financial obligation to the next.

How much does it cost to meet with a Trustee to discuss my financial troubles?

How long will bankruptcy last?

Continuing with part 2 of our 5-part series on Bankruptcy 101, we now explore the process of filing for bankruptcy.

Many people in financial difficulty don’t realize that there are options other than bankruptcy. A trustee has a responsibility to go through all of these options with you. This 5-part series is meant to provide a general overview of bankruptcy.

As the Canadian economy continues to slump and unemployment grips thousands of households across the country, it's no surprise to learn that many are struggling to keep up with the costs of day-to-day living, let alone manage debt.

If an individual has assets in more than one province, how do you determine which assets they get to keep?

With a weakened loonie and job losses on the rise, many are struggling to keep up with monthly expenses. In fact, according to a poll conducted with MNP, nearly 50% of Canadians are within just $200 of not being able to meet their financial obligations.

Given today’s weakened economy, an ever increasing cost of living and a struggling Canadian dollar, it’s no surprise to learn that many Canadians have come to depend on credit to get them through financially tough times.