Generally when you file for bankruptcy or make a proposal to your creditors, unsecured debts will be released. Section 178 of the Bankruptcy Act lists the only debts that survive a bankruptcy or Consumer Proposal.

It’s a deceptively murky question without a straightforward answer.

While it can be tempting to solve a short-term cash problem with long-term savings, cashing in your RRSPs to pay down debt should be a last resort.

how much do you calculate in the budget after bankruptcy for housing costs for a family of 5. thanks ron

A recent poll conducted by Ipsos on behalf of MNP LTD reveals 45% of Canadians say their financial situation is the worst around the holidays.

please can you tell me during bankruptcy do we need to start paying our school debts if we are still in school or we are taking courses in parttime during bankruptcy.

I understand that my student loans cannot be discharged in bankruptcy or a proposal. What happens to my student loans during the process?

The following changes are now in force as of July 7, 2008.

I owe more to credit card companies than I make from my small pension. I can managed ,but one of my credit card,which I owe 6,000.00 will not listen to my multitude of offers attempts .They are in the driver seat and they act like it.

With the school year just starting up and thousands of Canadian students beginning a new semester of post-secondary studies, all of those hard-earned dollars from summer gigs are now being applied to tuition, books, transportation, housing and supplies.