Remember Simon and Molly? Last month they completed their first bankruptcy counselling session.

When an individual or couple files a consumer proposal or an assignment in bankruptcy, the Bankruptcy and Insolvency Act requires the completion of two financial counselling sessions with a Registered Insolvency Counsellor.

A Consumer Proposal is a formal, legally binding process which involves a reduction of unsecured debt, or an extension of time for repayment of the debt or both.

Bankruptcy isn’t free, but it may be the life changing debt solution you’re looking for.

​​​It's a piece of wisdom as old as time – money and relationships rarely mix.

A recent study by Ipsos on behalf of MNP LTD underscores the anxiety British Columbians are feeling about the strain higher rates will place on their finances.

Hi I really need to know how much income will they allow me to keep to live on if I go bankrupt. I bring home $2300 and child support payments total $1150. I have two boys 14 and 16 and me.

The festive holiday season has now passed – a time typically marked by overindulgence in many areas, including spending. Now that it’s over, does it mean time to get back to regular spending habits? Or does it incite panic, knowing that your credit card bills will soon be coming?

IF I owe a friend or family member can I pay him/her back with any available funds before I file for bankruptcy.

If a creditor disputes a second personal bankruptcy and the case is still in the courts, how long does the court have to make a decisson on the fraudulant charge.