When eliminating debt, a Consumer Proposal just one of the options outside of bankruptcy. So how do the others stack up?

Budgeting and saving money are no longer necessary steps for making a big purchase.

Albertans are increasingly reliant on debt, struggling to pay off their outstanding balances and apparently in the worst position of any province currently.

In January of this year, the Financial Consumer Agency of Canada, a Government of Canada agency, issued a consumer alert entitled Debt Reduction Companies: Beware of “Too Good to Be True” Offers.

How do I find out if someone who owes me money has filed bankruptcy?

According to a recent Ipsos poll conducted by MNP LTD., the increased cost of borrowing due to rising interest rates is causing many Atlantic Canadians to re-evaluate their relationship with debt.

Manitoba residents are increasingly reliant on debt and struggling to pay off their outstanding balances.

The holiday season is meant to be a time to enjoy being with your family and friends. For those with debt stress, it may be difficult to enjoy the holidays when you are experiencing financial difficulties.

I will owe the government about $150000 and have about 150000 in equity in my condo. I will not be able to make the payments to the government for taxes. Is my scenario a case for bankruptcy or does one have to sell the home?

When you file for bankruptcy, it is helpful to first understand what the potential related costs of the process are and how they are determined.