There’s no doubt that making the decision to file for bankruptcy is a difficult one. The most common misconception is that when you file for bankruptcy, you will lose everything.

This year, you are going to make financial health a priority. You are going to gain control of your finances, dig yourself out of debt and eliminate stress from your life.

In Ontario, many people in financial trouble list 407 ETR (the world’s first all-electronic open access toll highway) among their debts when they file a bankruptcy.

A friend has sent an incorporated business books to be done but cannot pay the bookkeeper for the work she has done. My taxes are due very shortly. Can she hold my books pending payment?

A bankruptcy will eliminate most debt. However there are certain debts that survive the discharge of a bankruptcy. Here's what you need to know.

I owe my bank money for a visa account, I am behind on my payments, and they have taken my last couple of paychecks. My friend told me that if I go bankrupt, I can get this money back, is this true?

Sometimes clients express concern that they will not be able to open a bank account or conduct banking while going through the process. This is not a concern in Canada.

I live in a doublewide trailer, would I lose that if I filed for bankruptcy?

In the event of a bankruptcy, some assets are liquidated and funds are distributed amongst creditors. In Alberta, RRSPs are rarely one of these assets.

It's important to understand what to do with your credit cards when filing for bankruptcy.