With over 17 years of experience, I joined a national firm to ensure that I am aware of all the new developments.

I was just wondering what the cost was to the person filing bankruptcy. I have heard that you loose your gst return, your tax return. I know that you are allowed to take home a certain household amount and anything over that goes to your creditors.

And do I lose my credit cards?

As the Canadian economy continues to slump and unemployment grips thousands of households across the country, many Canadians are struggling to keep up with the costs of day-to-day living, let alone manage debt.

My question is, I have a son who is 18, he lives at home and is in his last year of high school, he has a part time job and the money that he earns doesn't contribute to our home at all, it's his spending money for clothes and his entertainment. Would I have to list this money as part of our income?

I want to know if I can keep my house, if I apply for bankruptcy I want to get out of this debt problem but I can't find a part-time job.

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.