As the Canadian housing market continues to rise, especially in hot spots like Vancouver and Toronto, many are struggling to keep up with the price of living.

1.if i own a home jointly,what happns if i declare bankruptcy? 2.are income tax arrears forgiven?

As the New Year settles in and thousands of households across the country shutter themselves in from another great Canadian winter, many find themselves feeling the chill of debt as credit card bills start rolling in from holiday expenditures.

It’s that time of year. The bills from the holiday season are starting to roll in and given the tough economic climate and significant job losses, many Canadians are going to find they are in debt beyond their means.

how do I file for bankruptcy? I would like all the facts about what I will encounter.

I have read on -line regarding 1st and 2nd bankruptcies....but what happens if there is a third ? Are you ever discharged from a third bankruptcy? Is a consumer proposal the better option?

The COVID-19 pandemic has shut down businesses, ravaged the global economy and caused significant job losses across the country.

Do you have student loans that were not erased by a bankruptcy or consumer proposal? Most likely, you filed before you had been out of school for seven years.

MNP released its most recent Consumer Debt Index just as the COVID-19 pandemic started gaining a foothold in Canada. The data — which Ipsos collected over the two weeks preceding the indefinite shutdown of non-essential businesses and millions of resulting job losses — revealed households were already feeling more pessimistic about their debts than at any point in the survey’s four-year history.

While the financial picture for many Quebec households looked bleak last quarter, many have stayed afloat thanks to the current raft of pandemic-related support programs.