Interest Rate & Insolvency Interview with CBC | S.R. Stack Skip to content

Sean’s interview with Carolyn Stokes on CBC’s Here and Now

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Carolyn Stokes of CBC's Here and Now interviewed me yesterday and we discussed how interest rates have been affecting people as well as how many insolvencies (bankruptcies and consumer proposals) we've been seeing in Newfoundland and Labrador since Covid as compared to before covid. We also touched on budgeting, to see the full interview follow the link below:

 

https://www.cbc.ca/player/play/2261498435509

 

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Did You Know?

1

Many people who file for bankruptcy get to stay in their home.

2

In Newfoundland and Labrador, you can keep your RRSPs – even if you file for bankruptcy.

3

Many people who file for bankruptcy are able to keep their vehicle.

4

Most bankruptcies are NOT published in the newspaper.

5

Student loans can be included in a bankruptcy if they are more than seven (7) years old.

6

A consumer proposal is an alternative to bankruptcy that can only be filed with a licensed trustee in bankruptcy.

7

In NL, people ages 30 to 39 years old file for bankruptcy more than any other age group. [source]