If you’re like most Canadians, then you most likely have debt from multiple sources. These could be some combination of auto loans, credit cards, student debt, lines of credit, installment plans on retail purchases via “buy now pay later”, and the list goes on.

What happens after you file the paperwork and your Consumer Proposal goes into place? And, more importantly, how can this process help you go from overwhelmed by debt to mastering the art of credit management?

Albertans are becoming acutely aware of the impact interest rates and inflation have on their household budgets, as both continue on their months-long upward trajectory.

Quebecers are becoming acutely aware of how interest rates and the cost of necessities impact their household budgets, as both continue on a months-long upward trajectory.

There are approximately 1,000 LITs in Canada; all are licensed by the federal government. Whether it is a small personal bankruptcy or a large CCAA company restructuring, an LIT is involved. The educational requirements to become an LIT are rigorous. In addition to this formal training, most LITs also possess accounting or law credentials.

Ontarians are becoming acutely aware of how rising interest rates and inflation impact their household budgets, as both continue on their months-long upward trajectory.

Atlantic Canadians are becoming acutely aware of how rising interest rates and inflation impact their household budgets, as both measures continue on a months-long upward trajectory.

Atlantic Canadians are becoming acutely aware of how rising interest rates and inflation impact their household budgets, as both measures continue on a months-long upward trajectory.

Atlantic Canadians are becoming acutely aware of how rising interest rates and inflation impact their household budgets, as both measures continue on a months-long upward trajectory.

To answer your questions about the stigma of debt, and to learn about the options available to you, tune into our Stigma of Debt VLOG series below with MNP's Licensed Insolvency Trustees.