June 2017 Bankruptcy & Consumer Proposal Statistics

On August 31, 2017, the Office of the Superintendent of Bankruptcy released its most current statistics on personal bankruptcy and consumer proposal filings for Canadian debtors.  This article focuses on statistics for Personal Bankruptcy and Consumer Proposal filings in New Brunswick, Nova Scotia, and Prince Edward Island. Canada There were 60,459 Read More...

Are you Interest(ed)?

Are you Interest(ed)? [caption id="attachment_6193" align="alignleft" width="149"] Interest Rate Increase[/caption] I’m 53. My wife and I bought our first house in 1988. The interest rate on the first mortgage was 8% and we had a second mortgage at 12%. I do chuckle at current interest rates Read More...

The Up-Sell

This is my rant on up-selling. It seems out of control. Almost every time I buy something, the cashier, order taker or customer service rep is trying to sell me something that I don’t need and didn’t ask for.  I appreciate good customer service but Read More...

Statute Barred Debts

  [caption id="attachment_6166" align="alignleft" width="184"] "If your debts are old, you don’t have to pay them; they just go away.” Is this truth or another urban legend?[/caption] Following up on last month’s article “Don’t Stick Your Head in The Sand!”, we quite often hear “If Read More...

Don’t stick your head in the sand!

[caption id="attachment_6161" align="alignleft" width="600"] Don't Stick Your Head in the Sand[/caption]   Hiding from the reality of your financial situation will do nothing to improve it. People have a pre-disposition to hide from the truth, particularly when the truth is ugly. We see this everyday, Read More...

May 2017 Bankruptcy & Consumer Proposal Statistics

[caption id="attachment_5661" align="alignleft" width="322"] Bankruptcy and Consumer Proposal Statistics[/caption] On July 31, 2017, the Office of the Superintendent of Bankruptcy released its most current statistics on personal bankruptcy and consumer proposal filings for Canadian debtors. Canada There were 61,016 personal bankruptcies and 62,873 consumer proposals Read More...

March 2017 Bankruptcy & Consumer Proposal Statistics

March 2017 Bankruptcy & Consumer Proposal Statistics On May 31, 2017, the Office of the Superintendent of Bankruptcy released its most current statistics on personal bankruptcy and consumer proposal filings for Canadian debtors. Canada - there were 62,333 personal bankruptcies and 63,153 consumer proposals filed Read More...

February 2017 Bankruptcy & Consumer Proposal Statistics

February 2017 Bankruptcy & Consumer Proposal Statistics On April 30, 2017, the Office of the Superintendent of Bankruptcy released its most current statistics on personal bankruptcy and consumer proposal filings for Canadian debtors. Canada - there were 62,502 personal bankruptcies and 62,829 consumer proposals filed Read More...

Income Tax Deadlines

Income Tax Deadlines For Canadians, April 30 is the official deadline to file your personal income tax return with the Canada Revenue Agency.   Where April 30 falls on a Sunday, your return will be considered filed on time if it is received or postmarked on Read More...

2017 Surplus Income Standards

2017 Surplus Income Standards On February 22, 2017 the Superintendent of Bankruptcy recently released the following new standards for the calculation of surplus income for bankrupt individuals via Directive No.11R2-2017. When an individual files for personal bankruptcy the trustee will calculate whether or not he Read More...