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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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Articles posted in 2015. Clear Filter

Articles posted in September. Clear Filter

22 Sep 2015

This pair bounced back after bankruptcy – can they afford a condo?

This couple, profiled in The Globe and Mail, filed for bankruptcy and has been able to rebuild and recover. Read on to see how they are doing and what advice they are given going forward.

15 Sep 2015

Sean Stack interviewed on NTV by Heather Gillis

NTV News interview where Sean Stack discusses a number of recent reports that indicate a slowing economy in Newfoundland and Labrador and that households in NL are starting to feel the effects.

3 Sep 2015

Bankruptcy in NL Increases 18%

VOCM article after I was chatting with Pete on VOCM Backtalk.

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]

This pair bounced back after bankruptcy – can they afford a condo?

Sean Stack interviewed on NTV by Heather Gillis

Bankruptcy in NL Increases 18%

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