If you are struggling to make your minimum monthly debt payments or if you are concerned that the minimum payments are not effective in reducing your total debts, a personal loan may be an effective way to consolidate your debts and reduce your total debt load over a set period of time.

Generally when you file for bankruptcy or make a proposal to your creditors, unsecured debts will be released. Section 178 of the Bankruptcy Act lists the only debts that survive a bankruptcy or Consumer Proposal.

It’s a deceptively murky question without a straightforward answer.

A recent poll conducted by Ipsos on behalf of MNP LTD reveals 45% of Canadians say their financial situation is the worst around the holidays.

While it can be tempting to solve a short-term cash problem with long-term savings, cashing in your RRSPs to pay down debt should be a last resort.

please can you tell me during bankruptcy do we need to start paying our school debts if we are still in school or we are taking courses in parttime during bankruptcy.

how much do you calculate in the budget after bankruptcy for housing costs for a family of 5. thanks ron

The following changes are now in force as of July 7, 2008.

I understand that my student loans cannot be discharged in bankruptcy or a proposal. What happens to my student loans during the process?

I owe more to credit card companies than I make from my small pension. I can managed ,but one of my credit card,which I owe 6,000.00 will not listen to my multitude of offers attempts .They are in the driver seat and they act like it.