You’ve been planning your wedding down to the last small detail including the big question – how are we going to pay for this? Should you take out a wedding loan or use your credit card to cover some of the costs of your wedding or honeymoon? Let’s consider the concept of good debt and bad […]
Does a couple's debt affect their relationship? Or does a couple's relationship affect their debt? Are finances and relationships just another variation of the classic 'what came first: the chicken or the egg' debate? Regardless of which comes first, debt impacts relationships just as much as a couple's spending habits. As the infographic below illustrates, debt can […]
What are the reasons people get into too much debt? It's not always just runaway spending. Sometimes it's not your fault. We look at 5 common situations that lead to debt problems with input from Kelley Keehn and Robert Brown.
Family law and bankruptcy law frequently overlap and the effect can be quite complicated. Our bankruptcy fact sheet on divorce and bankruptcy will answer some key questions you may have however it is always important that you talk to your bankruptcy trustee about your specific situation. Click on the image below for a printable PDF […]
Joint debts are one of the hardest concepts to understand. Things can get even more complicated if one spouse declares bankruptcy or files a proposal or during divorce. Our quick info guide helps clear up some of the confusion.
Our episode "How To Prepare Financially For Maternity Leave" with Christi Posner, a Credit Counsellor for The Credit Counselling Society was one of our most downloaded podcasts. Listen to the show.
Listen to the podcast - Joint Debt and Co-Signing. Am I Responsible For My Spouse's Debt? Doug H: Welcome to Debt Free in 30 where every week we take 30 minutes and talk to industry experts about debt, money and personal finance. I'm Doug Hoyes. It's the end of the month so that means it's time […]
Download London Divorce - Joint Debt Case Study PDF Maternity leaves and job layoffs led to debt. Debt led to marital stress and ultimately, for Patty and Al, separation. While they were managing to maintain an amicable divorce, they needed to deal with their joint debts. Dividing the few assets they had between them was the easy […]
A consumer proposal in Canada as a negotiated debt settlement arrangement made between a debtor and his creditors through a licensed Consumer Proposal Administrator under the Bankruptcy and Insolvency Act. So what happens when two people are liable to repay the same debt? It is possible for two people to file a joint consumer proposal […]
It’s one thing to suffer the indignities of old age; it’s another to have to do so inside the cloud of a late-in-life return to being single. So-called “grey divorce” is a somewhat unflattering term that refers to the demographic trend of an increasing divorce rate for older couples whose marriages have spanned a significant […]