Christmas is upon us. It is time to plan for gifts, family gatherings and travel. Just like Santa Claus and his Elves, planning is a must and a credit card can be an important part of your tool box.

Given today's struggling economy, the fact that many households are grappling with the harsh realities of unemployment due to a stagnant energy sector and numerous other factors, an increase in interest rates, could push more than 30 per cent of respondents to the survey towards financial ruin.

While credit can be helpful in a pinch, credit reliance can quickly become a dangerous cycle that's difficult to get out of when there's no longer a steady income coming into the household.

While consumer insolvency rates continue to increase in many provinces, consumer insolvencies (bankruptcies and Consumer Proposals) filed in B.C. were down almost 7% from 2015. That’s a good thing isn’t it?

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?

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

How long will bankruptcy last?

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.