I'm often asked about surplus income and how it's calculated. We'll review surplus income and voluntary payments in a bankruptcy.

My friend used a "bankruptcy advocate" to help her file for bankruptcy. What is it and do I need one?

That is a question that we get a lot as Trustees. Every situation is different but generally speaking, the answer is a three-step process.

Debt becoming unmanageable and you’re looking for a way to avoid bankruptcy? Let’s discuss the pros of a Consumer Proposal.

Recent headlines indicate that more and more senior citizens are heading into retirement while still in debt. According to credit reporting agency reports, the average debt for consumers aged 65 and older has seen the largest year-over-year increase for any age group.

If you're like most Canadians today, you might find you're struggling to keep up with the day-to-day cost of living. With a weakened economy and unemployment on the rise, many people across the country have found themselves relying on debt to make it from one financial obligation to the next. While credit can be a helpful resource in a pinch, credit reliance can happen quickly, putting you in a cycle of debt repayments that can seem impossible to...

A bankruptcy will have only a small impact on other family members, but it's important to know what that looks like.

January 18, 2016, CANADA – The third Monday in January has been dubbed Blue Monday; what can be for some the most depressing day of the year as the holiday bills arrive around this time.

As we await the Bank of Canada’s next announcement on interest rates, Canadians’ appetite for cheap credit is being highlighted by our latest survey.

As the nation awaits the Bank of Canada’s next announcement on interest rates, Albertans’ appetite for cheap credit is being highlighted by a new Ipsos survey conducted on behalf of MNP Debt.