Each day, financial pressures mount and household budgets are squeezed. The costs of mortgages, rent, consumer debt, car payments, and paying taxes have increased much faster over the last few years. Pay raises and income increases have not kept up. As a result, many people are experiencing increased stress because of financial strain. For many, […]
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Managing Debt as a Couple: Communication and Compromise
Money can be challenging for couples, especially when one partner is a spender and the other a saver. Differences in spending and saving habits can create conflict, especially if financial goals aren’t transparent, budgets aren’t in place, or debts go unpaid. Without open communication, these issues can escalate, potentially leading to debt consolidation, consumer proposals, […]
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Why Am I Bad With Money? Understanding the Link Between Money Mindset and Debt
If you’ve ever felt ashamed or frustrated about your finances, you’re not alone. Many people struggle with money not because they’re careless, but because of deep-rooted beliefs. This is what we call a “money mindset.” Your mindset shapes how you earn, spend, save, and respond to debt. If you were taught to fear money or […]
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2025 Surplus Income Limits in Canada: What They Mean for Bankruptcy and Debt Relief
If you feel overwhelmed by debt, there is an important update for 2025. The Office of the Superintendent of Bankruptcy (OSB) has released new surplus income limits. These limits will affect how much you need to pay if you file for bankruptcy. Each year, these limits are adjusted to reflect changes in the cost of […]
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Understanding Bankruptcy Exemptions
Protecting Your Assets During Bankruptcy Bankruptcy can feel overwhelming, especially when it comes to concerns about losing assets. However, bankruptcy exemptions exist to protect essential belongings and ensure you maintain a reasonable standard of living. Developing an asset protection plan is critical for safeguarding essential belongings during financial hardships. In this guide, we’ll explore bankruptcy […]
Read MoreDebt and Mental Health: Understanding the Connection
How to Break the Cycle and Reclaim Financial Peace Debt can feel overwhelming not just financially, but emotionally and physically. If you’re struggling with debt you may also be experiencing financial anxiety, depression, and difficulty managing day-to-day responsibilities. For some, the stress of money problems makes it even harder to get help. We understand how […]
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How Does a Second Bankruptcy Work in Canada?
Filing for a second bankruptcy in Canada is allowed under the Bankruptcy and Insolvency Act, but the rules and timelines are different than the first time. If you’ve already gone through the bankruptcy process and are struggling with debt again, it’s important to understand how a second filing works, what it means for your financial […]
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Credit Card Types Explained: What Each Card Means for Your Credit
Have you ever wondered which credit card to use when buying something big? Maybe you’re shopping for a new computer, going out to eat with friends, or your family needs a new car. With so many credit cards out there, it can feel confusing to pick the right one! Think of credit cards like different […]
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What Happens After a Debt Consultation?
You’ve had your first debt consultation, and now you’re left wondering what’s next? That meeting may have felt like a whirlwind of information, but this is where the real clarity begins. In this article, we’ll walk through exactly what happens after your consultation, so you can feel confident about the steps ahead. From stopping creditor […]
Read MoreQualifying for a Consumer Proposal
Article Summary Understanding Consumer Proposals Who Can File a Consumer Proposal? Eligibility Criteria for Filing a Consumer Proposal Considerations for Acceptance Steps to File a Consumer Proposal Real-World Case Studies for a Consumer Proposal Get Debt-Free with Campbell Saunders In today’s economic landscape, many Canadians find themselves grappling with financial challenges. For individuals seeking […]
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