There are plenty of false notions surrounding bankruptcy in Canada. We've identified the five most common myths and dispelled them in this video. 1. Family and friends will know that I have gone bankrupt If you have filed for bankruptcy in Winnipeg, or anywhere else in Manitoba or Northwestern Ontario, this may be your first concern. You don’t want people to know that you’ve filed
If you are a hard working debtor struggling to make ends meet every month as your debt only grows, you’re not alone. Last year, over 125,000 Canadians filed for insolvency. But before you make the decision to file for personal bankruptcy, you’re probably wondering what effect it will have on your financial future. Bankruptcy will adversely affect your credit score. When you want to apply
By Jillian Taylor-Mancusi Thanksgiving is a time when most of us reflect on everything we have to be thankful for. When you’re deep in debt or experiencing financial problems, however, it can be difficult to find reasons or ways to be thankful. In honor of Thanksgiving, here are five things you can do to readjust your attitude and take control of your debt: Be grateful
With a new school season right around the corner, millions of Canadians are gearing up for back to school shopping. For some households, this can add up to a pretty hefty bill. One recent survey from Visa reported that the average Canadian household with school-aged children will spend over $400 on back to school shopping. Many of these expenses will be charged to credit cards.
Have you recently gone through a divorce or separation and are experiencing financial difficulties? If so, take some solace in knowing that many people - not just yourself - become overwhelmed with managing debt after a divorce. In fact, almost one in five insolvencies (which include bankruptcies or consumer proposals) in Canada involve someone who has had a marital or relationship break up. And it’s
“I was sitting on the bus today, on my way home from work, and saw an ad that said ‘My Debt Rescue’. Moments later, we drove past a billboard and saw the same words. If that isn’t a sign, I don’t know what is. I quickly jotted down your company name. I need my own debt rescue!” Almost Given Up “I have had debt for