Bankruptcies and consumer proposals in Canada are debt restructuring options available under the Bankruptcy & Insolvency Act. Increasingly today consumers are choosing to file a consumer proposal and avoid declaring bankruptcy. In order to help consumers more easily recognize and identify individuals licensed to provide debt restructuring services (both bankruptcies and consumer proposals) under the […]
If you're like most Canadians, you dream of a long and enjoyable retirement. Is it possible to retire early and achieve that by the age of 48? While it is an anomaly, my guest today did just that.
Unlike RRSPs, there is no provision in the Bankruptcy and Insolvency Act to specifically deal with funds in a Registered Disability Savings Plan (RDSP) in the event the beneficiary files for bankruptcy. This matter was dealt with in a recent BC Supreme Court ruling that held funds in a RDSP can not be seized by […]
As an observer from Canada, I'm interested in how Donald Trump used various tricks to convince Americans to vote for him. These are the same tricks that advertisers use to get us to buy their products, invest in their business and sign up for that store credit card.
"Debt consolidation" is often a phrase that people associate and confuse with "debt relief". The belief is that if you consolidate your debt, you’ll be better off. But is that true? There are pros and cons to the different forms of debt consolidation. Whether or not it's right for you depends on your situation. Consolidating […]
We escape the winter, they explore new places, and we support each other's economy. We also partake in cross-border shopping, which racks up our U.S. debt.
Most people know that to qualify for a loan they need a good credit history and reasonable ‘credit score’. They also know that their credit score is something provided by the major credit bureaus. In Canada that means TransUnion and Equifax. What most people may not know is that those scores have become big business, and in […]
Every January should be a time to consider where you are financially and where you want your financial future to go. We should always be challenging ourselves to become more financially responsible. Yes it is like the New Year’s resolution, but the results can affect you the rest of your life. Let’s set you up […]
This past year had a lot of economic changing affecting how we live and spend. The key takeaway is that more and more Canadians are under financial pressure - especially those already carrying debt.
Listen in on this week's podcast as we discuss links between the depression era and a classic song that captures the emotions that run through families struggling with debt.
What's the correlation between women and insolvency? A study found that women are less knowledgeable than men about financial products. High-risk categories of women struggle to not only become, but to maintain a moderate level of financial preparedness.