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For whatever reason or circumstance, debt happens to many of us. Consider these articles in respect to your current and future financial plans.

The Latest

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13 Dec 2018

How to access your credit report for free — and why you should

The federal government suggests getting a copy from both Equifax and TransUnion at least once a year

31 Aug 2016

The number of insolvencies in Newfoundland and Labrador continues to climb

The latest statistics from the Office of the Superintendent of Bankruptcy show a significant increase in insolvencies in Newfoundland and Labrador.

1 Jun 2016

Interview on CBC radio's On the Go

NL's insolvency statistics show a dramatic increase in Q1 of 2016. I was interviewed by CBC Radio to discuss this and possible reasons why. Is this increase the tip of the iceberg?

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]

How to access your credit report for free — and why you should

The number of insolvencies in Newfoundland and Labrador continues to climb

Interview on CBC radio's On the Go

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