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What happens to debt in a divorce?

Understanding how a divorce impacts your debt is important, whether it's a mortgage, car loan, or credit card debt. That's why we created this guide—to clearly outline how individual and joint debt is handled in divorce; how to protect your finances during a divorce; and how to deal with unmanageable debt after a divorce.
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How much debt is 'normal' for your age?

Different life stages, like being a student, buying a house, or retiring, may mean taking on debt. Knowing where you stand financially can help you decide where to go next on your financial journey. See if your debt is 'normal' for your age.
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How long does bankruptcy last in Canada?

There's a lot of misconceptions around how long bankruptcy lasts in Canada. While some rumors say it can last up to seven years, that's false. In Canada, a first time bankruptcy can be completed in as little as nine months. Learn how long bankruptcies last and what it means to be discharged from bankruptcy in the below article.
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How to read your credit report 

When accessing your credit report, the structure and terminology may seem intimidating—but we’ve got you covered. We’ve pulled together a simple guide on how to make a healthy habit out of accessing and reviewing your credit report on a yearly basis.

Latest articles

Woman sits on the couch contemplating how divorcing her husband with impact her finances

What happens to debt in a divorce?

Understanding how a divorce impacts your debt is important, whether it's a mortgage, car loan, or credit card debt. That's why we created this guide—to clearly outline how individual and joint debt is handled in divorce; how to protect your finances during a divorce; and how to deal with unmanageable debt after a divorce.
Wooden house representing more Canadians homeowners facing mortgage delinquency

Six ways to make your mortgage payment more affordable

Are you worried about an upcoming mortgage renewal? You’re not alone. Interest rates in Canada are significantly higher than 2020 and expected to remain so, meaning homeowners with mortgage renewals could see their monthly payments increase by $400+. If you’re struggling to afford your mortgage payments, you should look into the following six options:
Man in a yellow shirt uses a laptop to review his budget.

Navigating the storm: How Canadians are handling rising debt

We asked Canadians how they’re managing their debt and what they’re doing to weather the affordability crisis. Here’s what they said:
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