I am wondering if a life insurance policy would have to be collapsed and that money used to help pay creditors - it is worth about 10,000, the person still pays a monthly installment for it, and it is the only asset she has. Thank you,

What do I do if I filed for bankruptcy and failed to complete my obligations 6 years ago? do I have to file another bankruptcy or can I continue with the first?

Are you finding it hard to stay financially afloat? Do you feel overwhelmed or like you are drowning in debt? High interest rates, expensive housing costs, unexpected expenses and the increasing price of day-to-day items can easily contribute to putting you in a position where you can no longer make ends meet.

November is Financial Literacy Month in Canada; the time for Canadians to enhance their financial know-how. The Lethbridge Herald talked to MNP Ltd. Personal Bankruptcy Trustee, Randy Kobbert, about what people can do to sharpen their money and debt management skills.

Canadians underestimate debt-to-income balance. February 23, 2015, Calgary, AB — Almost of fifth of Ontario residents owe more than they own or earn, making them technically insolvent and at risk of bankruptcy, according to a new survey by Ipsos Reid.

Today the Ontario government announced plans to impose regulations on debt settlement companies who advertise the ability to reduce the debts of consumers by up to 70% of more.

Debt settlement companies have been growing quickly in Canada. They advertise credit counselling, debt settlement, debt relief, debt consolidation and debt management.

One of the most heartbreaking aspects of debt we see is the breakup of family relationships when a guarantor is called upon to pay a family debt. T

Creating a detailed budget is the first step to getting your finances in order. But don’t’ forget these 10 overlooked expenses.

This is the second entry in a two-part blog series on family debt categories. Part 1 discussed becoming a loan guarantor in general, as well as becoming a guarantor for a spouse’s business loans. Here are three other primary categories of family debt