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The Latest

Debt Happens

For whatever reason or circumstance, debt happens to many of us. Consider these articles in respect to your current and future financial plans.

Consumer Alert—Debt Help, Tips and Traps

In the fall the Office of the Superintendent of Bankruptcy and the Canadian Association of Insolvency and Restructuring Professionals teamed up to issue a Consumer Alert
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Which debts can be included in bankruptcy or consumer proposal?

From income tax to student loans to vehicle loans, people often ask which debts can be consolidated via consumer proposal or bankruptcy.
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How to access your credit report for free — and why you should

The federal government suggests getting a copy from both Equifax and TransUnion at least once a year
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Did You Know?


Many people who file for bankruptcy get to stay in their home.


In Newfoundland and Labrador, you can keep your RRSPs – even if you file for bankruptcy.


Many people who file for bankruptcy are able to keep their vehicle.


Most bankruptcies are NOT published in the newspaper.


Student loans can be included in a bankruptcy if they are more than seven (7) years old.


A consumer proposal is an alternative to bankruptcy that can only be filed with a licensed trustee in bankruptcy.


In NL, people ages 30 to 39 years old file for bankruptcy more than any other age group. [source]