The association between insolvency and distrust may exist, but in reality, it’s often far from the case. In truth, financial distress hits people from all walks of life.

Consumers can get the “blues” quickly when bills arrive in mail. With varying payments, due dates and interest rates, keeping track of it all can get very overwhelming. A budget or financial diet can help improve your financial health.

More often than not, when people find themselves in financial trouble they’re usually not sure what options are available to help them get back on track. Well-meaning friends and family may suggest a bankruptcy as a quick and easy solution. Even some insolvency firms who present themselves as having your best interests in mind, will say it only takes half an hour to come up with a plan to solve your debt problems.

A lot of people believe that personal income tax debt will never go away – that if you’re unable to pay, the debt will haunt you to the end of your days. After all, the government always gets paid right?

According to Statistics Canada, the annual inflation rate in Canada jumped 1.6% in December. Much of this increase can be attributed to the rising costs of groceries.

Many consumers wonder what creditors look at when determining whether or not to grant a loan. Of course, it is relatively common knowledge they look at our credit score to help make a decision, but the question that remains is, what other factors impact that score?

Given the current economic downturn in Alberta, it's not surprising to learn that insolvencies are at a significant upturn in the province. MNP's Donna Carson was on hand to speak with the Globe and Mail about the financial distress many in the province are facing.

Upon filing for bankruptcy, there are a number of duties that you must complete which include paying fees, participation in two debt counseling sessions and submission of monthly income and expense statements.

Considering bankruptcy as a debt solution but wondering what happens to your property across the border? Let’s explore.

Managing finances in a romantic partnership can be confusing when partners have different credit ratings.