Everyone has financial dreams. Whether it’s getting out of debt, building a nest egg for retirement, purchasing a home or going on vacation – visualizing any number of desired results comes naturally.

An exempt asset is defined under the laws of each province. Exempt assets are retained by the owner in the event of a bankruptcy and not accessible by that individual’s creditors.

LETHBRIDGE - While many Canadians may be tempted to borrow more after the Bank of Canada’s recent cut to interest rates, local Personal Bankruptcy Trustees are strongly advising people not to.

I and my wife has much loan in the bank and on credit card. It seems we cannot afford to pay the loan at this time. We are thinking to do bankcruptcy so we can stop and pay. Please response and thank you for your info.

Planning for the holiday season should start as early as possible so you can avoid unplanned spending and the unwanted stress that comes with post-holiday debt.

Fortunately, there are some simple steps that British Columbians can take to be more financially prepared for a shift in our economy.

I received a bankruptcy package in respect to someone who owes me money. The bankrupt did not list all of his assets. What do I do about this?

Many Canadians contribute to registered retirement savings plans (RRSPs) to fund their retirement.

Many people are under the impression if they pay their bills on time they must have good credit.

When you are unable to meet your debts under the original terms you agreed to or even if you can repay your debts but not under the terms you originally agreed to, a Consumer Proposal may be a viable option.