If I file for bankrtupcy, can I keep some of my credit cards?

Whatever your reasons, if you're looking to take your career in a new direction - the most important thing you can establish for yourself and your loved ones, is a strong financial plan.

You know the phrase 'things just aren't the way they used to be'? That's never been more true than today. Just a few decades ago, having a good education, settling into a fruitful career, buying a house, raising a family and looking forward to an enjoyable, relaxing retirement were all completely realistic dreams and expectations. Today? Well, today's a little different.

Continuing with part 3 of our 5-part series on Bankruptcy 101, we now explore the duties and obligations of the individual in bankruptcy

Continuing with part 4 of our 5-part series on Bankruptcy 101, we now explore the transition of being discharged from bankruptcy.

Continuing with part 5 of our 5-part series on Bankruptcy 101, we now explore life after bankruptcy.

Will I lose my family allowance in bankruptcy?

With the Canadian economy verging on financial crisis, it's no surprise to learn thousands of Canadian households are struggling to keep up with the cost of living, on top of trying to stretch income from one debt payment to the next. In efforts of holding onto a few extra dollars, many Canadians are only paying the minimum required amount on the debt payments they are managing.

As the oil and gas industry continues to drag, thousands of Albertans are struggling through a period of significantly high unemployment. The province’s recession is not showing any signs of letting up as it leads thousands of consumers into financial instability and in many cases, insurmountable debt.

As the price of crude oil continues to depress, unemployment rates and overall financial security has followed suit throughout the prairies.