Category: Insolvency News
Banks are Failing, again!
Bank profits are based on creative accounting – there is far less money (real currency) in circulation than banks have been able to lend. But now, by eliminating money and using a digital currency, they will be saved.
The Debt Pool
Welcome to the Debt Pool – welcome to Canada. Canadian banks have their “newcomer programmes” where they provide free banking and $5,000 credit cards, without credit checks or income verification to new imigrants. Once they have you trapped in the debt pool they expect you to tread water for ever.
Debt Management Programme or Consumer Proposal
Get to know the differences between a Debt Management Programme and Consumer Proposal and which is best for you and your family.
Debt Roulette at El Casino del Banco – the house always wins:
Debt Roulette – that’s basically what you are playing when you head into the Casino del Banco, debt is often a gamble. Consumers are usually unaware of what they are getting themselves into, and like going to the casino, it may seem like fun at first but after the party is over that you notice the hangover effects.
Bankruptcy is Great!
Bankruptcy is great for providing protection from actions by creditors, eliminating debt and creating a fresh start.