Overcoming Debt in Winnipeg Dealing with debt can feel like an insurmountable challenge, especially when you consider the startling statistics recently highlighted by Joel Schlesinger in the Winnipeg Free Press. As of the end of 2023, Canadians were burdened with an astonishing $2.4 trillion in debt, with TransUnion’s final data for the year showing that 31.5 million Canadians
Budgeting Back in the Spotlight: LOUD Budgeting I’ve helped hundreds of people manage their bankruptcy Winnipeg situation, and one thing that I always come back to is the importance of budgeting. The latest trend is LOUD budgeting. What does that mean? What is loud budgeting? The easiest way to explain it, I believe, is to
We are pleased to have introduced our Consumer Proposal Calculator. This is an important tool for a variety of reasons – not the least of which is that it gives you an accurate estimate of your debt relief options. For many regular Canadians – 75% of them, in fact – consumer proposals offer the best
Canadians owe over $2.3 trillion. That amounts to $1.85 of debt for every $1 of disposable income. Faced with such debt, Canadians are seeking out solutions (and a consumer proposal Winnipeg can help – but we’ll talk about that later). The State of Canada’s Finances A recent report by TransUnion credit reporting bureau found that
DEBT! In May of this year, the United States of America was at risk of defaulting on their debt. The U.S. debt is over $32 trillion (that’s right trillion with a T). President Biden said “it would be catastrophic for the American economy and the American people if we did not pay our bills.”
What Do Bankruptcy in Winnipeg, Consumer Proposals, Debt Consolidation, and Spring Cleaning All Have in Common? It’s that time of year: the roads are a mess, they’re full of sand, salt and other debris. Spring is around the corner. The street cleaners are out in force clearing the sidewalks and roads. The rain is
Preparing for Summer with Debt Consolidation Winnipeg Help from a Licensed Insolvency Trustee Summer is just around the corner and you may be thinking about summer vacations, summer dining and summer entertainment. It’s been a long winter and everyone would love to get out and do something fun. The problem is that these activities can
The average cost of post-secondary education in Canada is enormous – over $80,000 when all is said and done. Student debt can be overwhelming. That leads many to ask about a consumer proposal and student debt. That’s why, as the founder of a leading Winnipeg debt help firm, I want to answer some questions about
What Do New Year’s Resolutions and Consumer Proposals in Manitoba Have to Do with Each Other? The best time to take control of your finances and financial future is now. If your New Year’s resolution is to regain your financial freedom, then consumer proposals in Manitoba make a lot of sense. If it takes a
Explained: What Happens When You File a Consumer Proposal? So, what happens when you file a consumer proposal? There are a number of things that happen when you file a consumer proposal – but the first thing that should happen is you should feel a sense of relief! Your unsecured creditors can no longer pursue
What Are the Consumer Proposal Pros and Cons and Should I File One The consumer proposal pros and cons are rather simple to enumerate; but whether you personally should file one very much depends. What does it depend on? Your personal debt situation and how you wish to approach it. If you’re ready to be
What Does It Cost to File a Consumer Proposal – and How Can It Help You Manage Your Debt What does it cost to file a consumer proposal? That is a question that I am frequently asked. There are really two different ways to answer that question. The short answer is that it will cost
Consumer Proposal for the Holidays – the Best Gift to Relieve Your Debt Pressures Asking for a consumer proposal on the holidays may sound like a strange request. It’s almost like asking to go to the doctor. But when you really think about it, what happens after you go to the doctor? You get better!
The Importance of Financial Literacy and Consumer Proposals November is financial literacy month in Canada – but what does it mean to be financially literate? To me, financial literacy means that you have a degree of comfort and familiarity with financial concepts such as budgeting, interest charges, retirement savings, daily savings, debt and such other
I am admittedly technologically challenged. If I have any computer or phone problems I don’t even attempt to fix them myself, I just call my IT provider. They have a support line that is open 24/7. This evening I had an issue with the outlook program on my phone not updating and all my messages were
I recently read an article in the newspaper (yes print newspaper) about a woman who was overweight, had just seen her doctor and received a diagnosis of type II diabetes. In response to that news, she changed her diet, undertook an exercise regime, lost 40 pounds and her diabetes went into remission. That sounds like
This month’s blog is based on the sitcom Mork & Mindy, which was one of the spin-offs from Happy Days. The show stars Robin Williams as Mork, an alien from the planet Ork, where just about everything – including opening a bank account and seeking debt help – is done very differently than here on
For this month’s debt relief blog, we turn to another popular TV show from the past, the sitcom Happy Days! This episode is entitled ‘The Fonz Gets a New Motorcycle.’ Fonzie – Ehhhh, Mr. C. I just bought a new bike! Mr. Cunningham (C) – That’s very exciting Fonzie, but didn’t you tell me that
This blog is entitled ‘Get Smart’ for two reasons: first, it is a continuation of our series of television show-based blogs; second, it’s about getting debt help and ‘getting smart’ with your money! This blog, unlike our Friends-based post, might resonate better with baby boomers than a younger crowd. For those born after 1965, Get
The New Year is off to a fascinating start. We’re into February 2022, and it seems that there’s no end in sight to the strange and unprecedent events taking place in Canada and around the world, from protests in Ottawa, to tensions in Europe, to the need for debt help at home. In times of
For some people, January is the month for New Year’s resolutions. Personally, I don’t believe resolutions should have a set start-date; if I’m going to make a resolution, I want it to be effective immediately. It shouldn’t take until January 1 to start doing something you want to do, whether that’s getting healthier or finding
The holiday season is supposed to be a happy and exciting time for children and adults alike. Families gather and presents are exchanged. Unfortunately, we at Caplan Debt Solutions take calls every year from people struggling with holiday debt. With that in mind, there is a question that we think must be asked: ‘How much
At Caplan Debt Solutions, we offer a variety of services to help you get out of debt trouble and get your financial life back on track, including bankruptcy, consumer proposal, and debt consolidation services. However, we believe that these services should only be exercised as a last resort – they’re intended for clients with serious
Most people don’t like the word ‘bankruptcy’ because they don’t like the idea of going bankrupt. In many cases, that is quite understandable. If you incurred debt, you are responsible for paying for it. If you can’t pay for all of it, you should at least pay part of it. The problem is: life happens.