If you’re dealing with CRA debt, you’re likely wondering whether it can be included in a formal solution like a Consumer Proposal or Bankruptcy. The short answer is yes, in many cases it can. What surprises people is that CRA debt is not treated as some completely separate category that must always be paid in […]
Can CRA Debt be Claimed in a Consumer Proposal or Bankruptcy? Read More »
If you have filed a consumer proposal or bankruptcy, it makes sense to wonder whether a new vehicle is still within reach. In Manitoba, many people need a reliable car for work, childcare, and daily life. The question is not only “Can I get approved?” but also “Will this set me back?” The short answer
Can I Buy a New Vehicle After Filing a Consumer Proposal or Bankruptcy? Read More »
Debt does not have to be dramatic to be heavy. For many people, it is the quiet pressure in the background. The balance that will not drop. The minimum payments that keep you stuck. The messages you avoid because you already know what they say. And when the pressure lasts long enough, it rarely stays
Does Having Too Much Debt Affect Your Mental Health? Read More »
When you’re trying to rebuild your credit, it can feel like the system is stacked against you. You may be turned down for traditional credit cards, charged high interest on loans, or told to “just wait” for your score to recover. A secured credit card can cut through some of that frustration and give you
Secured Credit Cards: Key Advantages for Rebuilding Your Credit Read More »
A Roadmap to Financial Well-Being by Managing Credit Card Debt Wisely and Seeking Professional Assistance When Needed Credit card debt is a growing concern for many Canadians, especially as the cost of living continues to rise. According to a report by Equifax Canada, the average credit card balance per consumer has reached an all-time high,
Credit Card Debt Warning Signs: When to Seek Professional Help Read More »
Many Canadians are optimistic about recent announcements from the Bank of Canada regarding interest rate cuts, hoping for relief from their financial burdens. However, it’s crucial to understand that these cuts may not directly translate into lower borrowing costs for consumers. While the central bank’s rates influence certain financial products, credit card interest rates and
Don’t Be Fooled by the Falling Bank of Canada Rate Read More »
As global trade tensions rise, Canadian consumers and businesses are bracing for the potential impact of U.S. tariffs. These tariffs could lead to higher prices on imported goods, disrupt supply chains, and put added pressure on household budgets. Preparing your finances ahead of time is critical to navigating this uncertainty and ensuring you’re ready for
The Rising Cost of Housing in Canada: Managing Expenses and Debt Read More »
The Alarming Growth of Insolvency Filings Canada is experiencing a significant rise in consumer insolvency filings, underscoring the financial challenges many Canadians are facing. According to the Office of the Superintendent of Bankruptcy (OSB), the third quarter of 2024 saw 34,588 consumer insolvency filings, averaging 376 filings daily. This marks a 13.5% year-over-year increase, although
Understanding the Rise in Consumer Insolvency in Canada: What You Need to Know Read More »
Image Source: Shutterstock The holiday season is a time of joy, celebration, and, unfortunately, financial strain for many. With the allure of festive decorations, gifts, and gatherings, it’s easy to overspend and accumulate debt. However, with mindful planning and conscious spending, you can enjoy a fulfilling holiday season without compromising your financial well-being. Understanding the
Managing Holiday Debt: Strategies for a Joyful and Financially Healthy Season Read More »
Image Source: Unsplash The average Canadian household currently carries around $72,950 in debt, not including their mortgage. The high cost of living over the last couple of years and the rising interest rates have meant nearly 3 in 4 Canadians lives in debt. So the Bank of Canada’s announcement lowering interest rates to 4.5% can
Are you feeling the weight of mounting debt? You’re not alone. 48% of Canadians are grappling with excessive debt (non-mortgage). The impact is not just on the wallet—it’s directly impacting happiness and well-being. Study Finds Higher Debts Increase Unhappiness and Suicide Risk Research published in the American Journal of Epidemiology reveals that individuals facing significant
Carrying a Lot of Debt? It’s Lowering Your Happiness Read More »
Finding out that your spouse has significant debt can be a daunting realization. You might be thinking, “am I responsible for my spouse’s debt in Canada?” Our professionals in Winnipeg for bankruptcy and consumer proposals provide a simple answer. Understanding the nuances of debt responsibility is crucial for both your financial and emotional well-being. Whether
Are You Responsible for Your Spouse’s Debt in Canada? Read More »
The financial burden of debt is a reality for many Canadians. With the cost of living rising and interest rates climbing, it’s no surprise that more people are searching for a way out. One common question we hear is, “Are there free Canadian government grants to pay off debt?” While this idea is appealing, the
Are There Free Canadian Government Grants to Pay Off Debt? Read More »
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
Preparing for Summer with Debt Consolidation Winnipeg Help Read More »
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
Winnipeg Debt Help: Consumer Proposal and Student Loans – Everything You Need Read More »
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
End Your Debt in 2023 – Consumer Debt Proposal Manitoba Read More »
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
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