Your rights around inheriting debt in Canada can vary depending on several factors, including provincial laws, the nature of the debt, and your relationship with the deceased individual. Here are some general rights you may have: Limited Liability: In most…
In the realm of debt relief, the journey often begins with enthusiasm and determination. Clients are fueled by excitement, anxiety, and motivation to finally embark on the process of debt repayment. The initial stages are marked by a barrage of…
Interestingly, a recent survey (http://www.huffingtonpost.ca/2015/03/02/credit-card-debt-denial-canada_n_6784570.html) suggests that nearly one quarter of Canadians underestimate how their debt stacks up against the national average (hint: they owe more than the national average). On the other hand, the number of Canadians with no…
By Margaret H. Johnson
The old joke about the sure things in life used to refer to death and taxes. I think we need to add consumer debt to this list. Certainly if one considers the irrefutable fact that Canadians …
What if someone dies, can they leave their debts to you? The short answer is no.
Debts do not transfer by virtue of marriage or death – not without your signature.…
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