With the New Year fast approaching, it’s a great time to reflect upon your progress in 2022 and set goals for 2023. Our team has been working hard all year to provide our audience with tips to help you achieve your financial goals.

The terminology surrounding debt problems and solutions can be confusing. How much debt is “overwhelming” debt? What does it mean to be insolvent — does it simply mean owing too much money to too many credit accounts? And what is the correct, “official” term for the professional who administers bankruptcies and consumer proposals?

Until March 2020, there was no such thing as a virtual insolvency proceeding, unless you lived in a remote area. If you wanted to file a Bankruptcy or Consumer Proposal, you had to meet with a Licensed Insolvency Trustee in person.

Knowing your credit profile before you meet with your financial provider can do a lot to help you address any risks or gaps you may want to attend to, and increase your chances of success in the application process.

Half of Albertans have difficulties trusting companies that assist with managing debt or are embarrassed to seek financial advice.

Half of Manitoba and Saskatchewan residents have difficulties trusting companies that assist with managing debt or are embarrassed to seek financial advice.

Half of Canadians have difficulties trusting companies that assist with managing debt or are embarrassed to seek financial advice.

More than half of Atlantic Canadians have difficulties trusting companies that assist with managing debt or are embarrassed to seek financial advice.

More than half of Atlantic Canadians have difficulties trusting companies that assist with managing debt or are embarrassed to seek financial advice.

More than half of Atlantic Canadians have difficulties trusting companies that assist with managing debt or are embarrassed to seek financial advice.