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...

Property for Sale – 22 King Street Saint John NB

INVITATION FOR OFFERS HERITAGE OFFICE BUILDING 22 KING STREET, SAINT JOHN, NEW BRUNSWICK Offers must be submitted no later than 1:00 pm, September 13, 2017. [caption id="attachment_6177" align="alignnone" width="405"] 22 KING STREET, SAINT JOHN, NEW BRUNSWICK[/caption] For the detailed terms & conditions of sale, contact 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...

The New Debtor Prison

The New Debtor Prison Even though Debtor Prison was abolished in Canada in the mid 1800’s, some consumers still fear they will be sent to jail if they can’t pay their debts. However we have found that a new form of debtor prison exists and 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...

October 2016 Bankruptcy & Consumer Proposal Statistics

October 2016 Bankruptcy & Consumer Proposal Statistics On December 31, 2016, the Office of the Superintendent of Bankruptcy released its most current statistics on bankruptcy and consumer proposal filings for Canadian debtors. Canada - there were 63,620 personal bankruptcies and 62,092 consumer proposals filed in 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...

September 2016 Bankruptcy & Consumer Proposal Statistics

September 2016 Bankruptcy & Consumer Proposal Statistics On November 30, 2016, the Office of the Superintendent of Bankruptcy released its most current statistics on bankruptcy and consumer proposal filings for Canadian debtors. Canada - there were 63,782 personal bankruptcies and 62,125 consumer proposals filed in Read More...