With Valentine’s Day approaching I thought it was a good opportunity to write about financial problems and how they affect relationships. Marriage might start out as cinnamon hearts and expressive hard candies but, when faced with pressures of every day life, will it survive or will it fail? Usually when we meet with individuals who […]
As you enter your 30’s and 40’s, your likely entering a period of many milestones: marriage, family, a new home, perhaps a career change. If you had good financial habits during your 20’s you will have paid down most of your student debt, avoided high credit card balances, built a small emergency fund and set […]
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.
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 […]