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...

Budgeting 101 – Part 5 of 5

The following article by Robert W. Powell, CPA CA CIRP LIT, was published in the March 2017 issue of the District News. In Part 4 of the series, I talked about dealing with lumpy expenses.  In the 5th and final part of this series I will be discussing Catastrophic Read More...

December 2016 Bankruptcy & Consumer Proposal Statistics

On February 28, 2017 the Office of the Superintendent of Bankruptcy released its most current statistics on bankruptcy and consumer proposal filings for Canadian debtors. Canada – there were 63,372 personal bankruptcies and 62,506 consumer proposals filed in the 12-months ended December 31, 2016 for Read More...

Why People Delay Getting Help With Their Debt

More often than not people go to see a Licensed Insolvency Trustee only as a last resort.   The longer an individual waits to get help with their finances, the harder it is to help as the number of options is greatly reduced.  By the time most Read More...

Budgeting 101 – Part 4 of 5

The following article by Robert W. Powell, CPA CA CIRP LIT, was published in the February 2017 issue of the District News. In Part 3 of this series, I discussed annual expenses.  In this Part 4, I am going to deal with lumpy expenses. Lumpy expenses, as I call Read More...

Budgeting 101 – Part 3 of 5

The following article by Robert W. Powell, CPA CA CIRP LIT, was published in the January 2007 issue of the District News. Budgeting 101 – Part 3 of 5 In Part 1 of this series, I broke life’s expenses down into Monthly, Annual, Lumpy and Catastrophic Read More...

Bankruptcy: My Name is Still On My Ex-Spouse’s Home

Bankruptcy:  My Name is Still On My Ex-Spouse’s Home If you file for bankruptcy your ex-spouse may be affected if you have a joint mortgage.  Your bankruptcy will remove you from your responsibility to pay that debt, however, it does not:  a) require your mortgage lender to take your Read More...

Budgeting 101 – Part 2 of 5

Budgeting 101 – Part 2 of 5 The following article by Robert W. Powell, CPA CA CIRP LIT, was published in a November issue of the District News. In Part 1 of this series, I broke life’s expenses down into Monthly, Annual, Lumpy and Catastrophic Read More...

The Cost of Keeping Up With the Jones

The Cost of Keeping Up With the Jones November was Financial Literacy month here in Canada.  While this is a good way to focus attention on personal finances, successful money management is a full-time, year-round job. There is an old country music song by Waylon Read More...