With a more than 15% increase in NL of people filing bankruptcies and proposals to creditors, and more than 26% increase on the Avalon Peninsula, it is clear that more and more Newfoundlanders and Labradorians are finding themselves in financial difficulty.
Continue readingThere are more questions than answers at this point as pensioners in Wabush try to determine what the future holds as Cliffs Natural Resources’ restructures under creditor protection.
Continue readingThe Yahoo Finance article below does a great job of pointing out some biggest budget busters that we think we can’t live without but that were not part of every day life even a generation ago.
Continue readingCBC article addressing the increasing rates of bankruptcy among seniors in Canada highlights the importance of trying to avoid carrying debts into your retirement years.
Continue readingCarol Wabush Co-op closing, more layoffs in Lab West as a result. Co-op Group initiates proceedings under the Companies’ Creditors Arrangement Act (CCAA) with KPMG appointed as Monitor.
Continue readingArticle from The Huffington Post comparing consumer proposals and bankruptcies.
Continue readingStressed by debt? You may not realize it but it is probably affecting your health.
Continue readingBeing house-poor is more common than many people realize but “nobody talks about it”. Kudos to Louise and John for speaking to the CBC about their situation.
Continue readingIn case you’re wondering just how much $1.8 trillion in household debt really is…this article points out that spending $1-million every day, it would take you 2,740 years to spend $1-trillion.
Continue readingDid you know that payday loans charge interest rates in the hundreds of percent? Preet Banerjee does a great job, in this Globe and Mail piece, explaining how borrowing a few hundred dollars for a couple of weeks is deceivingly expensive.
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