I"m thinking of personal bankruptcy. I have a fulltime job plus I have a small incorporated business on the side that is pretty much on stand still. It is not making any money has no debt what so ever. Can I still consider a personal bankruptcy without effecting the incorporated business?

A Consumer Proposal is a formal, legally binding process which involves a reduction of unsecured debt, or an extension of time for repayment of the debt or both.

To keep yourself on track for a good financial start to 2016, try creating a detailed budget before you leave your house. Having a plan in hand will help you check things off your list – rather than adding to it!

As Canadians are struggling with a weakened economy and a consistently increasing cost of living, it's no surprise to learn that many are relying on credit and (current) low interest rates to help keep up with monthly financial obligations and expenses.

MNP LTD Trustee Judy Scott was interviewed by The Province to discuss post-holiday debt.

I would like to buy a car for $5000.00 dollars. Will it be taken from due to bankrupcy?

Buy Nothing Day: It’s been described as a movement, a means for people to reclaim control over rampant consumerism, an exercise in financial discipline, a protest.

A combination of high – albeit leveling – debt, a manageable cost of living and low savings has Albertans feeling conflicted about their finances.

Effects of the downturn are becoming clearer as it appears many Albertans relied on savings to offset reduced hours and job losses.

The Bank of Canada announced on Jan. 21 the interest rate had been cut by 0.25%. Although good news, MNP personal bankruptcy trustees caution Canadians about taking advantage of this decrease by taking on more debt.