Posts Tagged ‘debt’
April 2020 – Personal Bankruptcy & Consumer Proposal Statistics
Canada – Personal bankruptcies were down 7.9% and consumer proposal filings were up 12.7% as compared to the 12-months ended April 30, 2020.
New Brunswick – Personal bankruptcies were down 7.2% and consumer proposal filings were up 9.1% as compared to the 12-months ended April 30, 2020.
Read More9 Reasons to File a Consumer Proposal instead of Personal Bankruptcy
Filing a consumer proposal can have significant advantages compared to filing personal bankruptcy when you are feeling overwhelmed with debt.
Read MoreFinancial Deep Cleaning Series – Part 3
It is important to stay on top of your finances and keep a finger on the pulse of your household budget.
Read MoreMarch 2020 – Personal Bankruptcy & Consumer Proposal Statistics
Canada – Personal bankruptcies were down 3.0% and consumer proposal filings were up 17.5% as compared to the 12-months ended March 31, 2020.
New Brunswick – Personal bankruptcies were down 2.3% and consumer proposal filings were up 14.9% as compared to the 12-months ended March 31, 2020.
Read MoreFinancial Deep Cleaning Series – Part 2
Deep cleaning your financial rooms can save you a lot of money, significantly reduce your monthly “burn rate” and significantly reduce your stress.
Read MoreFinancial Deep Cleaning Series – Part 1
Part 1 – Get Rid of the Junk. “Individually, these small things likely don’t disrupt your day-to-day financial well-being.”
Read MoreCOVID- 19 Canadian Emergency Wage Subsidy (CEWS)
CEWS will enable employers to re-hire workers previously laid off, to help prevent further job losses, and to better position businesses to resume normal operations following the COVID-19 crisis.
Read MoreFebruary 2020 – Personal Bankruptcy & Consumer Proposal Statistics
Canada – Personal bankruptcies were down 1.7% and consumer proposal filings were up 19.0% as compared to the 12-months ended February 28, 2019.
New Brunswick – Personal bankruptcies were up 0.3% and consumer proposal filings were up 12.8% as compared to the 12-months ended February 28, 2019.
Read MoreCovid-19: How will the Canada Emergency Response Benefit affect my Bankruptcy?
Support payments received as a result of COVID-19 measures are meant to be used by individuals and their families, not their creditors.
Read More2020 Surplus Income Standards
The Government of Canada has set net monthly income thresholds for a person or family to maintain a minimal standard of living in Canada. Every dollar that a bankrupt family makes above this level is subject to a surplus income payment of 50% while a person remains bankrupt.
Read More