I have been carrying credit card debt for some time now. For the most part, I make the minimum payments on time every month and pay more if I can afford to. The problem is that interest eats up most … Continue Reading
In past columns, we’ve discussed several cases where consumer proposals are a practical way to offer a fair settlement to creditors. If you are a business owner, you may be wondering what will happen to your business if you decide … Continue Reading
The 2016 Summer Olympics just ended. The overwhelming theme heard during Olympic athlete interviews s is that they could not have reached this level of competition without the support of family, friends and world class coaching. The support is even … Continue Reading
Yes. A Licensed Insolvency Trustees (“LIT”) is the only professional in Canada that is able to help someone who needs to file a bankruptcy. What many do not know is that LITs provide many other services for people and businesses … Continue Reading
Everyone needs a car. That’s what the car manufacturers and dealers would like us to believe. Truth is, there are more people getting along just fine without one. However, many rely on their own vehicle to get to work, run … Continue Reading
D
ebt reduction: a recent survey conducted by a major Canadian bank found that to be the #1 priority for the vast majority of individuals. We often read reports in newspapers, magazines and online that the average Canadian is carrying … Continue Reading
“Empty Pockets” (CC BY 2.0) by danielmoyle
You are not alone. Canadian seniors are currently the fastest growing segment of individuals filing formal proposals and bankruptcies in Canada. The “golden years” are supposed to be about spending more … Continue Reading
There are few things that cannot be purchased with credit. Whether it’s your morning coffee, a new pair of jeans, a night out with friends or a vacation, cash or a deb
it card is no longer required to fund … Continue Reading
Buyer Beware. That advice has existed since the Middle Ages, a time when snake oil salesmen would travel from village to village with their carts, selling the virtues of the “miracle cure for numerous ailments, from scurvy to blindness”. The … Continue Reading
As
far as economic news goes, many will agree that it’s a good thing that the number of personal bankruptcies in Canada has declined more than 19% since 2011. The Office of the Superintendent of Bankruptcy, the arm of … Continue Reading
