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Category: Insolvency News

The reason for getting out of debt

September 5, 2017

It may seem obvious why people want to get out of debt, but the reason is may not be what you expect. Yes, people are stressed, frustrated, wasting money on trying to maintain impossible minimum monthly payments, moving debt from one form of credit to another, they need relief, they want to break free from […]

CANADIANS IN RECESSION

September 5, 2017

We seem to go in an out of recessions… It is not unusual to read about fears of recession or depression in the media – but at what point does a recession become a depression?  One might suppose that depends on who you and what is happening in your life. According to economists the definition […]

IMAGINE WINNING MILLIONS OF DOLLARS – WHAT WOULD YOU DO?

September 5, 2017

Like most people, I have often dreamed of what it would be like to have a lot of money, to become suddenly rich either by developing that great new widget or winning the lottery.   And I, probably like you, have sometimes wondered how much would be enough. Throughout my life I have encountered, in various […]

GETTING CREDIT AFTER BANKRUPTCY

September 5, 2017

Re-establishing credit after a bankruptcy is usually a lot easier than expected. Interestingly enough, one of the first questions that people ask after they have just filed for bankruptcy is “how long does it take to get my credit back?”  The question is not an easy one to answer since there are many factors that […]

WHO HAS THE HIGHEST DEBT TO INCOME RATIO?

September 5, 2017

Your knee jerk reaction to that question may be way off the mark. Many people still seem to stigmatize the less advantaged.  When talking about debt problems the people who are in denial are the ones who are in fact most vulnerable to excessive debt. The common notion is that poor, less educated people or […]

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