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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.

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Articles posted in November. Clear Filter

3 Nov 2015

November is Financial Literacy Month

November is Financial Literacy Month which means there is going to be a lot of information available. I will share some great resources that I find here in this space so that you can have it all in one place.

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]

November is Financial Literacy Month

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