Canadian consumer debt is at an all time high, with more than half of our assets' tied up in real estate.

As the Canadian housing market continues to rise, especially in hot spots like Vancouver and Toronto, many are struggling to keep up with the price of living.

1.if i own a home jointly,what happns if i declare bankruptcy? 2.are income tax arrears forgiven?

As the New Year settles in and thousands of households across the country shutter themselves in from another great Canadian winter, many find themselves feeling the chill of debt as credit card bills start rolling in from holiday expenditures.

It’s that time of year. The bills from the holiday season are starting to roll in and given the tough economic climate and significant job losses, many Canadians are going to find they are in debt beyond their means.

how do I file for bankruptcy? I would like all the facts about what I will encounter.

I have read on -line regarding 1st and 2nd bankruptcies....but what happens if there is a third ? Are you ever discharged from a third bankruptcy? Is a consumer proposal the better option?

Does debt expire in Canada? Is the a statute on limitations?

Where can I check or find a list of businesses operating in Alberta that might be bankrupt and therefore I would not want to do business with them? John

In honour of Halloween this week, MNP Ltd. presents the following somewhat scary facts about Canadian debt.