In Canada, 41% of all marriages end in divorce before they reach their 30th anniversary. It is certainly an emotionally draining and devastating experience. However, few people realize that it can also wreak havoc on your financial stability. As a result, several divorcees find themselves in unmanageable debt. Let’s take a look at the landscape of marriage, divorce, and debt in Canada.
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What Can You Do?
If you are currently experiencing financial difficulty due to a divorce, you may want to consider insolvency. An insolvency proceeding like bankruptcy or a consumer proposal can give you the fresh start you need. Contact us for a free consultation with one of our experienced Licensed Insolvency Trustees.