The MNP Consumer Debt Index finds a third (32%) say they plan to spend more than normal on things such as travel, dining, and entertainment as they re-engage with the economy.

This question comes up a lot, but it’s a difficult one to answer. While everyone loves a good benchmark, there’s never a clear-cut answer for how much debt is too much for any individual.

The most common concern for debtors contemplating a Bankruptcy is what they’ll have to give up to achieve a financial fresh start.

There are numerous reasons why some people choose to take on a project themselves rather then engage another person or company. These can range from an interest in learning a new skill, to a passion for doing the work themselves, pride and shame of asking for help, or lacking the financial means to hire a professional.

I have a unique perspective on income tax debt among my peers, owing largely to my six years at the Canada Revenue Agency (CRA) prior to becoming a Licensed Insolvency Trustee (LIT). The experience has helped me understand common strategies and behaviors which tend to work against taxpayers’ long-term interests — especially in their interactions with the collections group.

There’s a persistent misconception about Bankruptcy which keeps people from taking the first step. Let’s see if we can debunk some of these here.

Four pitfalls to avoid so your summer fun doesn’t end with the chill of a large bill you can’t afford.

The Canada Student Loan Program provides an opportunity for Canadians to pursue a post-secondary education in instances where attending a college or university may otherwise be out of reach.

Consumer loans are available in many forms and for a variety of purposes such as purchasing a home, financing a vehicle, and consolidating high interest credit card balances. These financial tools range from ultra specific (e.g., mortgage) to extremely flexible in helping you purchase desired goods and services.