Helpful tips for reviewing your personal budget | S.R. Stack Ltd. | Bankruptcy Trustee St. John's, Newfoundland

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It is never a bad time to review your finances, this article from the Financial Post provides some helpful tips to get you started.

The Latest You spring-clean your house — why not your finances? Here’s how to buff up your budget

It is never a bad time to review your finances, this article from the Financial Post provides some helpful tips to get you started.

The Financial Post

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Did You Know?

In 2017 there were 125,807 insolvencies in Canada. source
In 2017 there were 1,390 bankruptcies and 1,125 proposals in Newfoundland and Labrador. source
Many people who file for bankruptcy get to stay in their home.
In Newfoundland and Labrador, you can keep your RRSPs – even if you file for bankruptcy.

Many people who file for bankruptcy are able to keep their vehicle.
In NL in 2017 there was 36 business insolvencies and 2,479 consumer insolvencies. source
Most bankruptcies are NOT published in the newspaper.
Student loans can be included in a bankruptcy if they are more than seven (7) years old.

A consumer proposal is an alternative to bankruptcy that can only be filed with a licensed trustee in bankruptcy.
In NL, people ages 30 to 39 years old file for bankruptcy more than any other age group. [source]