You’re at a dealership shopping for a used car. You’d hoped to pay cash, however nothing in your price range suits your needs.

If I declare a personal bankruptcy, can I remain as a director or a shareholder of a corporation before being discharged?

Have you ever wondered who can help if you find yourself overwhelmed with debt? There are many organizations who offer services such as debt consolidation, debt settlement plans, interest reduction and debt forgiveness. There are also other methods of getting a debt problem firmly under control.

LETHBRIDGE - While many Canadians may be tempted to borrow more after the Bank of Canada’s recent cut to interest rates, local Personal Bankruptcy Trustees are strongly advising people not to.

Everyone has financial dreams. Whether it’s getting out of debt, building a nest egg for retirement, purchasing a home or going on vacation – visualizing any number of desired results comes naturally.

An exempt asset is defined under the laws of each province. Exempt assets are retained by the owner in the event of a bankruptcy and not accessible by that individual’s creditors.

I and my wife has much loan in the bank and on credit card. It seems we cannot afford to pay the loan at this time. We are thinking to do bankcruptcy so we can stop and pay. Please response and thank you for your info.

Planning for the holiday season should start as early as possible so you can avoid unplanned spending and the unwanted stress that comes with post-holiday debt.

According to a recent Ipsos poll conducted by MNP LTD., Atlantic Canadians are increasingly worried about their ability to repay their debts.

I received a bankruptcy package in respect to someone who owes me money. The bankrupt did not list all of his assets. What do I do about this?