What are my rights with regards to collectors? I have heard that there are some regulations regarding what collectors can and can't do and I'm wondering where I would find out about that?

What exactly are your duties during a bankruptcy and what happens if you can’t keep up with them? Both very good questions!

The insolvency statistics for March have just been released and they are consistent with the trends for the previous few months. Generally filings are flat across the country except for those provinces affected by the decline in oil prices. Total filings in Canada for the 12 months ended March 31, 2016, were up only 2.8% and were basically flat in Ontario, Quebec and British Columbia.

As Halloween approaches and the kids are back in school, parents can now refocus on the bills that were put off during the hectic days of summer such as vacations, back to school supplies and fall clothing.

Trying to manage debt can be a highly stressful matter for anyone to handle, especially during the holiday season.

Is there any limit on where a person can file bankruptcy in Canada?

You will be considered free or discharged from your debts once you have completed the entire process.

It can be extremely daunting and frustrating when you are trying to pay down debt. Especially as you watch your balance decrease when a payment is made, only to see it go up again with interest charges, service fees, loan insurance premiums or even as you withdraw money to cover what seems to be an ever increasing cost of living.

Frustrated and overwhelmed with debt? Given today’s difficult economic climate, you’re not alone. The good news is, bankruptcy is not your only option.

As unemployment continues to grip many Canadians largely due to struggling crude oil prices, it probably doesn’t come as a surprise to learn many have found themselves relying on credit to make it from one financial obligation to next.