As Canadians we live in one of the top 20 wealthiest countries of the world. So why is it that over 63,000 Canadians claimed bankruptcy in 2015? Let’s take a look at some of the possible reasons why so many people in Canada have to give up and claim bankruptcy. Spending more than you earn...Continue reading

So, you’ve got some debts, and your attempts to solve the problems on your own haven’t worked out.  You’re either a renter, or the house you own doesn’t have enough equity in it to refinance and come up with enough money to pay the debt off.  Any assets you could sell wouldn’t put much of...Continue reading

The Top Ten Questions about Consumer Proposals Searching for answers when you’re having financial difficulties is a grim task. You’ll hear scary words like “bankruptcy,” “unsecured debts,” and “asset liquidation”. Thankfully there are a lot of options available for those that find themselves mired uncomfortably in debt. A consumer proposal is an alternative to bankruptcy,...Continue reading

How will a Bankruptcy or a Consumer Proposal affect your credit rating? If you are searching for answers to your debt problems, you may have come across or looked into bankruptcy or a consumer proposal. You might know a little about what each of those options can do for you, but how do they impact...Continue reading

Top Ten Questions about Consumer Proposals Searching for answers when you’re having financial difficulties is a grim task. You’ll hear scary words like “bankruptcy,” “unsecured debts,” and “asset liquidation”. Thankfully there are a lot of options available for those that find themselves mired uncomfortably in debt. A consumer proposal is an alternative to bankruptcy, and...Continue reading

How Consumer Proposals and Bankruptcies Settle Debt When you find yourself in serious debt trouble you need to understand your options to deal with the debt and how the processes work.  If you debt is over $10,000 often you can find yourself in a situation where you need to consider a consumer proposal or bankruptcy. ...Continue reading

For those with debt, the only question that matters  .  .  . So, you’ve got some debt, and it feels like a mountain to you.  You feel constantly weighed down by the burden of knowing that no matter what you do, the debt just doesn’t ever seem to go away.   You look on-line, and you...Continue reading

Debt Jokes: When Punchlines Hurt There’s truth in humor, that’s what makes it relatable. The more tragic the truth the darker the humor. Sometimes there’s a little too much truth in humor and what is making the world around you laugh out loud, leaves you numb. Jokes on you When you’re living with debt it...Continue reading

Walking Away from Debt The Journey of a thousand miles begins with one step. – Lao Tzu Lace up your shoes. You’ve been side stepping your debt for years. And where has it gotten you? Have you been moving forward or running in place? In some cases your debt has been walking all over you,...Continue reading

Things You Probably Don’t Know about Bankruptcy in B.C. Part 1 Laws and procedures revolving around bankruptcy are generally the same everywhere in Canada, but some details change depending on where you live and your individual circumstances. This is why everyone considering bankruptcy always must consult a professional financial advisor before proceeding. Some details about...Continue reading