Special Topics

Budgeting, Debt, and Bankruptcy
August 02, 2011





CBC News reported that “the household debt of Canadians has hit an all-time record of 1.5 trillion” dollars. With Canada’s personal debt on the rise, it is important to keep ourselves informed and educated on how to budget, creditors and debt collectors, as well as bankruptcy.  

Creating a Budget

Use this Interactive Budget Worksheet, compliments of Gail Vaz-Oxlade, to create your own personal budget. Read the guide to building a budget to learn how to use the interactive budget worksheet above.

More Advice from Gail Vaz-Oxlade:

Other Helpful Articles and Links:

Creditors and Debt Collectors

What Creditors Can Do if You Don’t Pay (Alberta): This tip-sheet is from the Government of Alberta and describes the legal action a creditor may take if you do not pay your debts. (PDF - 8 pages)

Credit and You: What You Need to Know About Your Credit (Alberta): This online resource is from the Student Legal Services of Edmonton. Topics include: Credit and Personal Reporting; Dealing with Bill Collecting Agencies; What can happen if you do not pay your debts; and How can Student Legal Services help with debt issues?. This resource is also available to download as a PDF.

Tips for Dealing with a Debt Collector: What is a debt collector? Who will contact you? What should you do when a debt collector calls you? If you feel an error has been made? Do you have rights when dealing with a debt collector? Who regulates debt collection?

Debt Control in General: Canadian Legal FAQs answers your questions on collection agencies, bankruptcy, and more. 


Bankruptcy Canada: This site provides easy to understand facts and information about bankruptcy and its alternatives. Contributors are trustees from regional and national firms in Canada.

FAQs on Bankruptcy: This is a series of frequently asked questions about debt control and what is involved in declaring (or not declaring) bankruptcy. This link will take you to our Canadian Legal FAQs website.

Being a Guarantor

Being a Guarantor: This is a question and answer booklet that provides information on being a Guarantor of another person’s loan and will help you understand everything that is involved in this role.

Consumer Fraud 

Consumer Fraud and Scams: This downloadable booklet outlines consumer frauds and scams that could affect you. If you have already been impacted by one of these schemes or think you might have been, contact information for agencies that can help you has also been included.

Are you Renting in Alberta?

Renting 101 is a guide for students and new renters in Alberta. It explains about the laws that apply to renters and what rules the landlord and the tenant must follow.


Renting a Place to Live is a section of Canadian Legal FAQs that provides answers to some of the most commonly asked questions about renting in Alberta.

For specially selected resources from Alberta on Money, Debt and Fraud, visit LawCentral Alberta.

For resources from across the country, see these search results from these keywords on LawCentral Canada: