With a weakened economy, a struggling loonie and in some provinces, many facing the reality of under or unemployment, many Canadians are so financially stretched they aren’t sure how they will keep up with the day-to-day cost-of-living, let alone their debt repayments.

Are your debt problems heating up? Perhaps it’s time to cool off with some debt relief

There’s no denying it, many Canadians are currently experiencing financial distress. According to Statistics Canada, the household debt in Canada is at the highest level even when measured as a portion of disposable income in 2015’s second quarter.

MNP LTD Trustee Doug Stuive was interviewed by Bankruptcy Canda Inc. , to discuss debt, bankruptcy and consumer proposals.

The origins of the fear factor

Losing a loved one can be one of the most emotional time and stressful experience. Trying to come to terms and navigate through financial concerns can be overwhelming.

I haven’t filed for bankruptcy, and my creditors are harassing me. What can I do?

It is said that the only an egg is better when it is broken. When a material financial crisis results in a company being broken, its ongoing viability needs to be immediately assessed to determine if the business is insolvent.

As the cost of living and tuition continues to increase year after year, thousands of Canadian students find themselves taking on significant debt loads to cover the cost of post-secondary studies.

Our parent’s generation might seem disconnected from modern times, but when it comes to budgeting – Dad often knows best!