I am over 50,000.00 in credit card debt. Would I be better off to claim bankruptcy than to try to bring down my interest rates?

The Bank of Canada announced on Jan. 21 the interest rate had been cut by 0.25%. Although good news, MNP personal bankruptcy trustees caution Canadians about taking advantage of this decrease by taking on more debt.

5 helpful tips for managing your holiday spending

As 2018 draws near, now is a fantastic time to reflect on the year passed and the goals you would like to accomplish for the year to come.

Aside from getting in shape, finally getting on top of debt is among the top New Year's resolutions made every year.

Is there an alternative to bankruptcy? My income is 945 per month at present-my husband is temporarily out of work(construction) and I am unable to repay a large credit card (lent to my son) .Can a credit card company send your debt to a collection agency?

Many people experience the frustration that comes with trying to pay down – or ideally, off – their credit card bills each month. It can be difficult to see the majority of your monthly payment going towards high interest charges.

Before going through a bankruptcy, one of the questions I’m often asked is: “What happens afterward?” Most people are wondering how their credit will be impacted and what they can do to help improve their rating again...

This statement bothers me every time I hear it! To say that a Trustee works for one party suggests that he or she works against someone else.

This statement bothers me every time I hear it! To say that a Licensed Insolvency Trustee (LIT) works for one party suggests that he or she works against someone else.