
If you're falling behind with making your debt payments, know that you are not alone. Many Ontarians feel the stress of financial instability these days.

If you’re like thousands of Canadians across the country, you may be feeling the financial crunch of your debt load. Many of us now face the harsh reality that our consumer debt levels are unmanageable.

Preparing a solid financial plan for life after school can have a significant impact on the financial stability of your future. With student loans now taking an average of 10 years to repay after graduating, consider the following things as you plan your return to school.

It is important to understand and plan for the possibility of surplus income payments in bankruptcy. Before filing for bankruptcy, ask your Licensed Insolvency trustee to estimate your surplus income payments.

When your debt mounts to the point that you are no longer able to pay your bills, you may choose to file a consumer proposal rather than filing for bankruptcy.