Have you ever wondered who can help if you find yourself overwhelmed with debt? There are many organizations who offer services such as debt consolidation, debt settlement plans, interest reduction and debt forgiveness. There are also other methods of getting a debt problem firmly under control.

The Bank of Canada raised its key interest rate, the overnight rate, by a quarter percentage point to 1.25 percent on January 17, 2018, the highest it has been since 2009.

The causes of excessive debt in Canada vary widely, with many factors coming into play.

Bankruptcy is a process that releases you from most of your indebtedness by handing over some of your property. In other words, bankruptcy lets you erase your debts and put an end to your indebtedness within a few months.

When Canadians find themselves in financial trouble, they may wonder about their options and who might be able to help.

With debt-to-disposable-income ratios higher than ever and non-mortgage consumer debt consistently above $20,000, it’s long been suspected Canadian consumer debt was unsustainable.

Is it possible to submit a consumer proposal if I've never missed a payment, but will soon have too? I have $46000 in debt and $3050/mo income.

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.

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.