Canada’s recently released unemployment numbers show that the jobless rate jumped from 7.8 per cent in March to 13 per cent in April – nearly matching the highest ever recorded data dating back to the mid-1970s. Yet despite this, the number of Canadians filing for insolvency has decreased significantly. First-quarter numbers released by the Office […]
Non-Profit Credit-Counselling Agency vs. Bankruptcy Trustee – What’s the Difference?
Two of the possible places you may end up to try and solve your credit issues are a non-profit credit counselling agency or in a bankruptcy trustee’s office. Both of these options have their share of similarities, but they also have quite a few differences. The one you choose will depend on several different factors, […]
Filing for Bankruptcy: Know Your Alternatives
Filing for bankruptcy is often a last resort for those trying to take control of their finances. Depending on your financial situation, filing for bankruptcy may or may not help you. For instance, bankruptcy excludes secured debts like vehicles and mortgages. It also excludes student loans that are less than seven years old and any […]
Did You Know? Consumer Proposals
Did you know? A consumer proposal can last up to 60 months and take an additional 3 years to purge from your credit report.
