I've been trying to pay off my debts for a long time and don't seem to be getting anywhere. How do you know when/if you should file for bankruptcy? Do you have to be unemployed?

Bankruptcy is a process that releases you from most, if not all of your debt. In other words, bankruptcy lets you erase your debts and put an end to your indebtedness within a few months.

As the price of oil continues to affect households throughout Alberta and Saskatchewan, many are falling behind and finding themselves unable to keep up with the day-to-day cost of living, let alone staying on top of their debt obligations.

As always, every situation is different and whether or not you are carrying too much debt depends on a number of variables in your individual circumstance. What may be too much of a financial burden for you, may be completely manageable for someone else.

Trying to maneuver through unmanageable debt can be exhausting and overwhelming. Even more so if you are trying to navigate your finances from a secondary location.

My boyfriend and I are from B.C. We have moved to Alberta a year ago. We have debts we cannot pay. Bank loan and credit cards. The Bank loan wants to sue my boyfriend. We are commonlaw.We have no idea what to do or how to go about it. Can you help me

How can I get out of debt? Pls any advice would be appreciated.

As the national economy continues to waiver and unemployment grips several provinces, the realities of mounting debt are all too real for thousands of Canadian households.

With the Bank of Canada holding interest rates steady at 0.5 per cent, Canadians are on a credit spending binge despite a continued slump in the national economy.

Every business is going to face challenging times, it is an unfortunate fact of life. The following discussion provides a general overview of issues to consider and list of options which may be available to you if you are trying to navigate through corporate recovery.