What is surplus income and how does it impact your Bankruptcy filing?

Higher interest rates, instability globally and uncertainty in the new year economically… many households look to 2023 as a year of struggling to make it from one financial obligation to the next. This is especially true for single income families. If you are one of thousands of families performing the financial balancing act of trying to get by on a single income, it can be difficult to make financial goals beyond your next payment. The good...

A Licensed Insolvency Trustee (LIT) is an insolvency professional who has been licensed by the Superintendent of Bankruptcy in Canada to help individuals and businesses who are having difficulty paying their debt, administer Consumer Proposals and Bankruptcies and manage assets held in trust.

Inflation is the measure of the rising price of certain goods and services. Statistics Canada measures it from month to month, based on a basket of goods that represents what a typical consumer would normally purchase.

Household overspending is one of the most common causes of financial insolvency. It’s also one of the easiest to overlook. Overspending tends to creep up slowly and camouflage itself as a different kind of financial challenge. But once you know the symptoms, they’re almost impossible to ignore. You can eliminate overspending almost entirely by introducing just three straightforward techniques.

The holiday season is a time to make memories with your loved ones, but your finances may limit you from going all out. Here are ideas for enjoying the season on a tight budget.

Paying off your credit card debt can be very challenging but possible if you know the right steps to take.

A 2004 media report famously declared the third Monday in January is the most depressing day of the year: The technicolour sheen of the holiday season has worn off.