A consolidation of debt is essentially a restructuring of a person’s existing outstanding debt by obtaining a loan from a financial institution or bank and paying off the existing debt and therefore creating for oneself a single payment with most likely a lower rate of interest.

Nowadays, most Canadians carry some form of consumer debt. Credit, when used wisely, can be a good thing. But many Canadians are over-extended, financially stressed and struggling to perform a delicate fiscal balancing act. If you are concerned about debt and are beginning to wonder how much debt is too much, here are a few questions to ponder.

On January 10, 2012, the FCAC issued a consumer alert warning of the pitfalls in dealing with debt reduction companies. Among the things to watch out for are misleading information about getting protection from creditors and protecting your credit rating, claims about having governmental involvement or approval and other false statements.

Can I claim bankruptcy on my spouse's credit cards

When it comes to post-secondary studies, one of the most valuable lessons you can learn is how to create a comprehensive budget that keeps your debt to a minimum.

MNP LTD Trustee Randy Kobbert was interviewed by The Lethbridge Herald to discuss that Lethbridge isn’t feeling significant impacts from continuing low prices for Alberta crude.

I had claimed bankruptcy years ago and was dischaged in October 2004. I just rescently heard that the length of time for bankruptcy to stay on your credit report has been recently reduced from seven years down to six. Is this true? Thanks, Steve.

My husband and I are looking at probably having to file a joint bankruptcy. We take home $7004 and I am wondering what surplus income we would have to pay.

We currently are 1/3 owners of a private corporation We have a shareholder loan to the company. If the company declares bankruptcy, will creditors get paid before we get our loan back? In what order to people get paid?

A bankruptcy will eliminate most debt. However there are certain debts that survive the discharge of a bankruptcy. Here's what you need to know.