Are you thinking of applying for your first credit card? Or perhaps, you now have your first credit card. Here is what you need to know about your first credit card.

If you’re overburdened by debt, Bankruptcy can be a practical and cost-effective solution to achieve a financial fresh start. But it will not always free you from repaying a portion of your outstanding debts.

For eliminating debt all-together, two widely used options for Canadian households are Bankruptcy and Consumer Proposals. Although both filings are legislated under the Bankruptcy and Insolvency Act, also known as the BIA, and must be filed by a Licensed Insolvency Trustee, these are two separate processes.

When a debt is statute-barred, it cannot be brought to court and legally enforced because too much time has passed.

Congratulations! Now that your Bankruptcy or Consumer Proposal is completed, you are in the next phase of taking control of your finances. Without debt, you now have the freedom and opportunity to make financial decisions based solely on your goals — not your obligations to creditors. Your money is completely in your control and so are the choices when it comes to your finances. How do you handle this fresh financial start and avoid falling...

You have probably heard, more than once by now, that not all debt is created equal. Some types of debt can actually be beneficial, where others can put your personal and family well-being at risk.

The average person spends most of their life chasing financial stability. We may not feel like we’re getting ahead, but for many of us that’s ok; as long as we’re not falling behind. What does it mean to be financially healthy, and how can you measure your own financial health?

National Consumer Insolvency firm expanding to provided increased service in Northern Ontario