If you are considering filing for bankruptcy as a way to help manage or reduce your debt load, you need to know that declaring bankruptcy is nothing to be ashamed of.
If you carry around a credit card or two, like most Canadians, it’s not necessarily a problem. Credit cards offer convenience and flexibility, and used correctly, can help you build a good credit rating as well.
With the deadline to conribute to RRSPs looming (it's on March 1, 2018), it's a good opportunity to talk about how bankruptcy affects your RRSPs. Here's some good new: RRSPs are exempt assets!