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BANKRUPTCY – THE PROCESS

September 5, 2017

This blog provides you with a quick overview of the process of bankruptcy – what to expect. SEEKING HELP Only a Licensed Insolvency Trustee can file a bankruptcy – credit counsellors or debt consultants can only help you to find a trustee.  Sometimes they will charge you a fee for the referral.  You can find […]

HOW MUCH DOES IT COST TO GO BANKRUPT?

September 5, 2017

And why should I pay anyway? One of the primary considerations for people contemplating bankruptcy is cost.  If you call around it seems that trustee fees are all very similar but are they? The average cost for a (no-asset and no-surplus income) bankruptcy seems to range between $1,800 -$2,400 but that is not always the […]

Canadians struggle to live without debt

September 5, 2017

Job stability and income are both in decline but the use of debt continues to increase. A saving grace for some Canadians has been the recent surge in real estate values, but that value increase can create a deeper debt problem for many others. Moving unsecured debt from credit cards and lines of credit to […]

RSPs, Investments and Debts

September 5, 2017

Strange bedfellows on the face of it but there is a strong adverse relationship between savings and debt. For several decades Canadians had great retirement opportunities through many larger employers, mostly manufacturing and other industrial companies with union negotiated pensions. Unfortunately, during the past 2-3 decades those opportunities have been eroded at an alarming rate. […]

IMAGINE HOW SOCIETY WOULD CHANGE

September 5, 2017

If 70% of Canadian families could be supported on one income It’s not an unrealistic ideal in the early 1970s at least 70% of Canadian families were supported on a single income.  Women had been in the workforce right up until the end of the second world war then during the baby-boom years of the […]