​Of course, this is a trick question… Everyone needs an emergency fund.

In today’s ever changing market, the possibility of job loss for many individuals is a fact of life. It’s important to plan for unfortunate events and to know how to handle it if it does happen.

How often do creditors accept a debt settlement? How much do you have to pay to settle your debt?

I cannot pay off the minimum monthly debts payment by current incoming, how to claim personal bankruptcy, and how much it will charge me if I file bankruptcy?

What do I put in a letter for a formal proposal to creditors?

I am wondering if a life insurance policy would have to be collapsed and that money used to help pay creditors - it is worth about 10,000, the person still pays a monthly installment for it, and it is the only asset she has. Thank you,

In early 2015 the Ontario Government announced dramatic changes to the law in Ontario regulating the debt settlement industry, effective July 1, 2015.

What do I do if I filed for bankruptcy and failed to complete my obligations 6 years ago? do I have to file another bankruptcy or can I continue with the first?

Are you finding it hard to stay financially afloat? Do you feel overwhelmed or like you are drowning in debt? High interest rates, expensive housing costs, unexpected expenses and the increasing price of day-to-day items can easily contribute to putting you in a position where you can no longer make ends meet.

November is Financial Literacy Month in Canada; the time for Canadians to enhance their financial know-how. The Lethbridge Herald talked to MNP Ltd. Personal Bankruptcy Trustee, Randy Kobbert, about what people can do to sharpen their money and debt management skills.