I have another question, I owe credit cards, have a mortgage, own my car, and have rsps. Will the bank take my house if I go bankrupt?

As the price of living continues to increase across the country, along with an inflated housing market, many Canadians find themselves relying on credit to carry them through major events, expenses and sometimes even day-to-day costs. While credit can be a viable solution for handling short-term financial obligations, it can quickly become a costly expense in and of itself if you aren't keeping a keen eye on your interest rates and how much you can...

my 16 yr old daughter was left some property, if i declare personal backruptcy, can they take it awayy from her?

The Bankruptcy Assistance Program (the “BAP”) under the Bankruptcy and Insolvency Act is a very significant program for consumers.

New rules in Ontario to better protect consumers from unscrupulous debt settlement companies come into force this week, but bankruptcy trustees says those in financial trouble seeking help still need to be cautious.

Can you change the Trustee you picked to work with? What is the process?

As we begin the month of February and bills from the holiday season have arrived, it's probably difficult to make planning and budgeting for the future a priority.

In case you haven’t heard, Canadian household debt-to-income levels have reached the record levels seen in the U.S. prior to the housing collapse.

Congratulations on taking the first step towards addressing your debt head on and working towards a fresh financial start!

Several significant changes to the Act come into effect in September affecting the amount bankrupts may have to pay as surplus income and/ or the amount of time they have to remain in bankruptcy.