Both individuals and corporations can make use of the Bankruptcy and Insolvency Act. A consumer bankruptcy is simply a bankruptcy filing by an individual in Canada.

A debt consolidation loan is a single loan – generally obtained from a financial institution such as a chartered bank or credit union – that allows you to repay debts to multiple (and ideally all) creditors at once.

More than anywhere, Atlantic Canadians are increasingly reliant on debt and struggling to pay off their outstanding balances.

From Joy B.: How long does my bankruptcy stay on my credit report?

In January of this year, the Financial Consumer Agency of Canada, a Government of Canada agency, issued a consumer alert entitled Debt Reduction Companies: Beware of “Too Good to Be True” Offers.

Budgeting and saving money are no longer necessary steps for making a big purchase.

Albertans are increasingly reliant on debt, struggling to pay off their outstanding balances and apparently in the worst position of any province currently.

Manitoba residents are increasingly reliant on debt and struggling to pay off their outstanding balances.

How do I find out if someone who owes me money has filed bankruptcy?

The holiday season is meant to be a time to enjoy being with your family and friends. For those with debt stress, it may be difficult to enjoy the holidays when you are experiencing financial difficulties.