MNP’s Vicky Samuels recently spoke with Discover Airdrie about the increase in bankruptcies throughout Alberta as household incomes continue to waiver across the board.

I have a small RRSP, will I lose that in bankruptcy?

ARE PERSONEL AND CORPORATION BANKRUPTCIES DIFFERENT?

With over 17 years of experience, I joined a national firm to ensure that I am aware of all the new developments.

Consumer loans are available in many forms and for a variety of purposes such as purchasing a home, financing a vehicle, and consolidating high interest credit card balances. These financial tools range from ultra specific (e.g., mortgage) to extremely flexible in helping you purchase desired goods and services.

Today , many Canadian businesses have to work twice as hard to keep up with a competitive landscape in a weakened economy. If you really want to stay ahead of the curve and leave the doors open for as much opportunity as possible, it's crucial to be fully informed of your credit score and what you can do to further improve it.

As the Canadian economy continues to slump and unemployment grips thousands of households across the country, many Canadians are struggling to keep up with the costs of day-to-day living, let alone manage debt.

My question is, I have a son who is 18, he lives at home and is in his last year of high school, he has a part time job and the money that he earns doesn't contribute to our home at all, it's his spending money for clothes and his entertainment. Would I have to list this money as part of our income?

Like all professions, there are several questions Licensed Insolvency Trustees hear quite regularly. By far the most common is “What is the typical cause of Bankruptcy or insolvency?”

I was just a few years out of high school and still lived at home with my parents when I started working as an accounting and finance student at one of the ‘Big Four’ accounting firms.