If you're like most Canadians today, you might find you're struggling to keep up with the day-to-day cost of living. With a weakened economy and unemployment on the rise, many people across the country have found themselves relying on debt to make it from one financial obligation to the next. While credit can be a helpful resource in a pinch, credit reliance can happen quickly, putting you in a cycle of debt repayments that can seem impossible to...

Is there any limit on where a person can file bankruptcy in Canada?

You will be considered free or discharged from your debts once you have completed the entire process.

Frustrated and overwhelmed with debt? Given today’s difficult economic climate, you’re not alone. The good news is, bankruptcy is not your only option.

Feel like you’re stuck in a cycle of debt and can’t get out? If you’ve had enough of juggling with your debt payments, a debt consolidation loan can help to eliminate the uncertainty of being able to pay your bills on time, while establishing a manageable repayment budget. Debt consolidation means combining your debts into a single, overall loan from your bank or financial institution.

It can be extremely daunting and frustrating when you are trying to pay down debt. Especially as you watch your balance decrease when a payment is made, only to see it go up again with interest charges, service fees, loan insurance premiums or even as you withdraw money to cover what seems to be an ever increasing cost of living.

Deciding who to contact for help with your debt problems should be based on your desired personal experience when working with a debt advisor.

I have a vehicle that is behind in payments and is my only means of getting to and from work. It is valued now at 7900. will i have to give it back to the bank? I owe close to 19000 on it

How do I figure out what, if any, amount of "Surplus Income" I have to pay in a bankruptcy?

As unemployment continues to grip many Canadians largely due to struggling crude oil prices, it probably doesn’t come as a surprise to learn many have found themselves relying on credit to make it from one financial obligation to next.