Given the growing concerns around Canada’s consumer debt crisis, it’s only natural to paint it in broad strokes as universally bad. However, that’s not always the case.

The Bankruptcy Assistance Program (the “BAP”) under the Bankruptcy and Insolvency Act is a very significant program for consumers.

With COVID-19 impacting finances at all levels, much of the conversation over the past year and a half has surrounded increased spending (or decreased revenue) among governments, businesses, and individuals — and the debt each has taken on to make up the difference.

New rules in Ontario to better protect consumers from unscrupulous debt settlement companies come into force this week, but bankruptcy trustees says those in financial trouble seeking help still need to be cautious.

If you’re like most people, you (at least try to) go to the doctor every year for your annual physical. Why? Because a clean bill of health buys you peace of mind — and the earlier you can catch potential problems like high blood pressure or a problematic mole, the easier these are to correct.

As we begin the month of February and bills from the holiday season have arrived, it's probably difficult to make planning and budgeting for the future a priority.

What do Walt Disney, Elton John, and Larry King have in common? After filing Bankruptcy, these and countless other respected cultural icons all went on to achieve fortune, fame, and overwhelming success.

Congratulations on taking the first step towards addressing your debt head on and working towards a fresh financial start!

Many Canadians may find themselves overburdened with debt due to various factors beyond their control.

In today's economic climate, with employment on shaky ground and an ever-increasing cost-of-living, many households have turned to credit in times of need to get them through financial binds.