Mount Pearl
Struggling with credit card debt can feel like an endless cycle, but the good news is there are proven strategies that can help you break free. Two popular methods for tackling debt are the Debt Snowball and Debt Avalanche approaches. Both strategies focus on paying off more than the minimum required, but the order in … Read more
Are you feeling trapped by any debt collection agency? Well, you are not alone. Numerous Canadians find themselves in this tough spot and often wonder how to deal with it. Should you pay the agency immediately to resolve the issue? The thing is, acting impulsively might not work in your favour. Hence, it is important … Read more
Understanding the Statute of Limitations on Debt in Ontario When grappling with mounting debt, comprehending the intricate legal framework surrounding debt collection can be a daunting endeavor. In Ontario, the Statute of Limitations plays a pivotal role in determining the timeframe within which creditors and debt collectors can pursue legal action against debtors. This comprehensive … Read more
Understanding the Statute of Limitations on Debt in Alberta, AB Every jurisdiction has regulations that define the time frame within which legal proceedings must be initiated for various civil matters. In Alberta, the Limitations Act governs these time constraints, widely referred to as the statute of limitations. This comprehensive guide delves into the intricacies of … Read more
Household Finances in Crisis: The Alarming Rise of Canadians Living Paycheque-to-Paycheque The cost-of-living crisis has taken a severe toll on the financial well-being of millions of Canadians, with a growing number struggling to make ends meet and living paycheque-to-paycheque. As inflation soars and the price of essential goods and services skyrockets, Canadians are finding it … Read more
Preparing for Unexpected Expenses With Money Management & Budgeting Unplanned expenditures can catch us off guard, leading to financial distress. This article provides a step-by-step guide on how to prepare for unexpected expenses, ensuring your financial stability isn’t compromised. Identifying Your Unexpected Expenses Unexpected expenses can arise from multiple sources. Seasonal costs, emergency home repairs, … Read more
The Impact of Rising Interest Rates on the Financial Health of Canadians The financial security of many Canadians is increasingly being threatened by rising interest rates. According to a recent survey conducted by Ipsos, almost 60% of Canadians are worried about the effects of increasing rates on their personal finances. This represents the highest level … Read more
In the ever-changing economic environment, ensuring protection of your assets against creditors becomes a pressing concern. Creditors often face challenges in reclaiming their owed amounts from debtors and resort to legal actions like wage garnishments, bank account freezes, and placing a lien on your home. Hence, it becomes crucial to guard your assets strategically against … Read more
As we age and our income becomes more static, financial management becomes even more critical. For seniors, budgeting is a crucial skill that can help maintain a comfortable lifestyle without the worry of financial stress. This article provides comprehensive information on Budgeting for Seniors, offering strategies and tips to help seniors maintain financial independence and … Read more
Creating a Fail-Proof Budget Step by Step: The Ultimate Guide Are you tired of feeling like your money is slipping through your fingers? Do you want to take control of your finances and start making smarter decisions with your hard-earned cash? Look no further! In this comprehensive guide, we will walk you through the process … Read more
What to Do If You’ve Made a Financial Mistake Navigating the world of finance can sometimes feel like walking through a maze. It’s intricate, filled with twists and turns, and it’s not uncommon to take a wrong step. But stumbling doesn’t mean falling. When we realize that a financial decision wasn’t ideal, it’s not the … Read more
Money and mental health; two integral aspects of life that often seem to conflict with each other. The strain of financial stress can exacerbate mental health issues, while poor mental health can lead to financial struggles. It’s a balancing act that requires a mindful approach. In this article, we will provide ten practical tips for … Read more
Navigating the complex world of debt management and credit repair can be daunting. As such, it’s crucial to have a clear understanding of some key points when seeking assistance in these areas. Debt Management Company Guarantees It is important to approach any guarantees made by debt management companies with caution. These entities often promise swift … Read more
Navigating the world after becoming debt-free can be a confusing journey. In this article, we provide comprehensive suggestions on how to wisely manage your newfound financial freedom and avoid falling back into the debt trap. Spoil Yourself with a Major Purchase Congratulations on becoming debt-free! This achievement deserves a reward. After all, it required years … Read more
Understanding Wage Garnishment in Ontario and Ways to Halt It Facing challenges in maintaining your household’s financial equilibrium due to wage garnishment in Ontario? Are the constant deductions from your hard-earned salary causing distress? This article will guide you through understanding wage garnishment and how to put an end to it. A Glimpse at Wage … Read more
My Employer Declared Bankruptcy: A Comprehensive Guide to Safeguarding Your Pay Cheque In an economy that can sometimes be unpredictable, it is not uncommon for businesses to face financial difficulties. In some instances, these difficulties lead to bankruptcy. Employees are often left in a state of uncertainty, wondering, “My employer declared bankruptcy. What about my … Read more
Times of turmoil, such as strikes, can put a strain on your financial situation. However, with proper planning and budgeting, you can navigate through these difficult times successfully. This guide will provide you with actionable strategies on how to manage your money during a strike. Understanding the Financial Impact of a Strike Strikes can result … Read more
Mastering the Art of Budgeting in the Face of Inflation Inflation, an economic consequence experienced universally, has an undeniable impact on our day-to-day expenses. As the cost of basic commodities continues to rise, it’s crucial to understand how to budget for inflation. This article will guide you through managing your finances effectively amidst inflation, ensuring … Read more
The Impact of Fraud on Financial Stability: A Comprehensive Guide In today’s digital age, the risk of financial fraud is more prevalent than ever before. Deceptive tactics can lead to grave monetary losses, pushing individuals into a debt spiral. This article aims to shed light on how Fraud Can Cause Debt Problems and provides strategies … Read more
The Purpose and Significance of Financial Goals Financial goals are the backbone of financial health and stability. They provide a roadmap to achieving financial success and fortifying your financial future. In this article, we will explore the importance of setting financial goals, the difference between needs and wants, and strategies to achieve and maintain financial … Read more
Bankruptcy Canada is proud to provide Canadians living with debt a fresh financial start. We are Licensed Insolvency Trustees (commonly called a bankruptcy trustee) who are the only debt relief professionals licensed by the Canadian government to provide bankruptcy and consumer proposal services. We offer free initial consultations to explore all of your debt relief options such as credit counselling, debt consolidation, or debt settlement services, in addition to consumer proposals and personal bankruptcies.
