For most homeowners, their house, condo or apartment holds a special place in their heart that goes far beyond warmth, shelter and security.

On occasion people with debt problems may indicate that they are contemplating filing Chapter 7. Chapter 7 refers to a section of the United States Code that provides for the liquidation of an individual’s non-exempt property and the distribution of the proceeds amongst his or her creditors.

I purchased furniture on my credit card. If I go bankrupt, can my creditor repossess my furniture?

Is there any limit on where a person can file bankruptcy in Canada?

Can a bankrupt obtain credit while in bankruptcy? What types of credit are available?

In BC, most creditors (including Visa) have to obtain a court judgment against you before they can garnish your wages.

I am a second time bankrupt. Can CRA keep undischarged for longer than 12 months?

When dealing with debt, there are both formal and informal options. Formal options are undertaken via the Bankruptcy and Insolvency Act (BIA).

I completed a consumer proposal in March 2010. I took it out in March of 2008. No problems - it really helped me out. Just wanted to know when it will be removed from my credit file.

Personal income tax debt is a huge problem for both salaried and self-employed Canadians. The question is: why?