As Canadians we live in one of the top 20 wealthiest countries of the world. So why is it that over 63,000 Canadians claimed bankruptcy in 2015? Let’s take a look at some of the possible reasons why so many people in Canada have to give up and claim bankruptcy. Spending more than you earn … Continue reading Why do Canadians go Bankrupt?
I recently heard one particular Bankruptcy Trustee, now known as Licensed Insolvency Trustee(LIT), advertise free financial advice. What does that mean? Does it mean a free one hour consultation? Or could it be they will file a consumer proposal or a bankruptcy for you and you don’t pay them any fees? Whatever it means, nothing … Continue reading There Is No Free Financial Advice
So, you’ve got some debts, and your attempts to solve the problems on your own haven’t worked out. You’re either a renter, or the house you own doesn’t have enough equity in it to refinance and come up with enough money to pay the debt off. Any assets you could sell wouldn’t put much of … Continue reading 9 Reasons a Consumer Proposal is Almost Always a Better Idea Than a Bankruptcy
A Matter of Life and Debt When sorting through your finances, figuring out what you have and what you owe, it really is a matter of life and debt. Often the debt column leaches into life column in ways you never expected. In fact, if you added a third column, a quality of life column, … Continue reading A Matter of Life and Debt
Summer Blockbusters: Explosions and Debt When you were a kid there was nothing quite like spending a hot summer day sitting in an air conditioned theatre escaping into the adventure playing out on the big screen. Just you, a tub of popcorn, a drink that was almost as big as you, and some candy just … Continue reading Summer Blockbusters: Explosions and Debt
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