Canadians’ debt ratio
Household debt includes both consumer debt and housing loans. In this article, we’ll focus on the debt ratio of Canadians in 2023. How has it evolved? What are the consequences? An increase in the first half of 2023 In Canada, debt trends were marked by an...
Student loans, debt and bankruptcy: when is this category of debt dischargeable?
Student loan bankruptcy in Canada is complex. This type of debt is subject to specific rules. The Bankruptcy and Insolvency Act contains special provisions on this subject. Here are some important things to know if you or your loved ones are facing this situation....
Why a law that forgives?
Le Canada et les États-Unis ont un point commun. In both these countries, household spending is the main driver of the economy, accounting for over 60%. The Bankruptcy and Insolvency Act seems to be based on this observation. This offers a route to “economic...