Most people wait far too long to seek professional help with their debt. There are several common reasons for the hesitation.

Household debt is a major challenge in Canada. The average Canadian currently owes more than $20,000 in non-mortgage debt — and a total of about $1.70 for ever one dollar they earn.

Bankruptcy, insolvency — what's the difference — and, more importantly, which one will help you get the financial fresh start you need and deserve?

Almost all Canadians face financial hurdles to some degree or another — but few financial challenges are as costly or self-perpetuating as the misuse of payday loans. Understanding their intended purpose and affiliated risks is essential.

Nobody enjoys being late on bill payments. But unfortunately, it's not always possible to make ends meet. Anyone who has ever been in a position where they're forced to choose between basic necessities and keeping up with their debts understands just how stressful this is. And it only gets worse when creditors begin calling and sending past due notices.

Let’s say you’re part of a family where both you and your spouse are employed in well paid, professional jobs. Net annual household income is approximately $120,000 or approximately $10,000 per month. The family — you, your spouse, and your 2 children — live well but seem to be just scraping by.

Does debt expire in Canada? Is the a statute on limitations?

Where can I check or find a list of businesses operating in Alberta that might be bankrupt and therefore I would not want to do business with them? John

In honour of Halloween this week, MNP Ltd. presents the following somewhat scary facts about Canadian debt.

Warning signs you may be headed toward financial hardship