Young medical school graduates struggle to pay off significant debt, both private and government, accrued during studies, insolvency may be the best option.

When you take on debt, the ideal scenario is always to pay it off in full, one way or another. Sometimes that goal becomes out of reach, which is why alternatives like bankruptcy and consumer proposals exist.

The new year has just started, and you can still regain control of your finances if you plan your income and expenses using a budget.

The MNP Consumer Debt Index for January 2023 is in… and the Index has plunged 15 points from last quarter and is now at an all-time low. The unprecedented quarterly decline underscores the anxiety Canadians feel about their debt situation amid rising interest rates, persistent inflation, and heightened affordability concerns.

Debt by itself can be a scary thing. Coupled with divorce, it can seem over whelming. Financial issues are a leading contributor to marital breakdown, and it can often be difficult to be on the same page when it comes to settling loans, credit cards and other debts that have accumulated during the marriage. Making matters worse, there are many misconceptions about who is liable for repaying the debts and who creditors can target in the event of a...

You’ve made your last payment but now what? How to establish and keep good financial habits following a Consumer Proposal.