In 2018, Tesla was showing warning signs of a possible bankruptcy. Doug Hoyes uses his excerpt skills to analyze Tesla’s financial problems, and how your personal finances can benefit from this knowledge.
Are you having some sort of a moral dilemma because you want to file for insolvency to create a fresh financial start for yourself? Find out 5 reasons why bankruptcy is not morally wrong.
Canadians are filing insolvency with less unsecured debts than ever before. But why? Doug Hoyes explains how high debt servicing costs and other factors that are driving this trend.
Based on the financial landscape in Canada in 2017, our experts predicted 3 types of bankruptcies that would most likely occur in 2018. This blog explores different types of bankruptcy situations.
Did you know that almost half of the insolvencies filed in Ontario involve payday loans? Our experts explore the statistics on how these predatory loans create more debt and why legislation won't help.
Learn more about trends of payday loan use with regards to Ontario debtors. In this blog post we provide actual data based on the insolvencies we have filed over the last year for our clients.
Every year we explore the top 10 Canadian economic factors that affect consumer debt and insolvency filings in Canada. Doug Hoyes explains what's behind the trend in debt levels, affordability and more.
Are credit and debt interchangeable? Find out why banks and credit card companies choose to use the phrase credit card, credit rating and credit score, despite credit really just meaning debt.
Many people think financial literacy is about learning terms, doing lot's of math like making a budget. Doug Hoyes explains why critical thinking is a more important skill to managing your money.
Even big companies can have buyers remorse. Doug Hoyes looks at how big companies make spending decisions based on wants and desires and what you can learn for your own finances.
Did you know that the average individuals that files for insolvency has an income problem, not a debt problem? We explore the comparison between minimum wage and living wage, and offer a solution.
Overleveraging your home equity can lead to insolvency. Doug Hoyes talks about how to cope with debt when faced with the high cost of home ownership.
What can a debt consultant really do for you? The Office of the Superintendent of Bankruptcy released a report that delves into the unnecessary and harmful role debt consultants play in debt management.
An alarming trend we have noticed recently is the amount of debt seniors are accruing from payday loans. Ted Michalos explores why we have observed these changes and how we can break the cycle.
Payday loan use is on an alarming upward trend, and resulting in significant debt problems for millennials. Find out more about our current debtor statistics and how payday loans contribute to these issues.
Debt Relief Experts
