Taking the step to officially file for bankruptcy can be intimidating, like stepping into a great unknown.

Atlantic Canadians are becoming acutely aware of how rising interest rates and inflation impact their household budgets, as both measures continue on a months-long upward trajectory.

Atlantic Canadians are becoming acutely aware of how rising interest rates and inflation impact their household budgets, as both measures continue on a months-long upward trajectory.

Atlantic Canadians are becoming acutely aware of how rising interest rates and inflation impact their household budgets, as both measures continue on a months-long upward trajectory.

Collection agencies use many tactics to enforce repayment of debt. The most common methods are phone calls and letters. However, depending on the amount owed, the situation can quickly escalate to threats of legal action — which, in turn, can result in wage garnishment and even asset repossession.

Household debt is a major challenge in Canada. The average Canadian currently owes more than $20,000 in non-mortgage debt — and a total of about $1.70 for ever one dollar they earn.

Bankruptcy, insolvency — what's the difference — and, more importantly, which one will help you get the financial fresh start you need and deserve?

Almost all Canadians face financial hurdles to some degree or another — but few financial challenges are as costly or self-perpetuating as the misuse of payday loans. Understanding their intended purpose and affiliated risks is essential.

Most people wait far too long to seek professional help with their debt. There are several common reasons for the hesitation.

Owing Canada Revenue Agency (CRA) money can be overwhelming — especially because the government has greater powers to collect outstanding debts compared to other creditors.