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Uncertain times

Service NL minister says retiree pension plans a ‘complicated issue’
There 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.

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There 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.

What it does mean is more uncertainty in Lab West, a region that needs some good economic news.

FOR MORE DETAILS CLICK HERE FOR THE ARTICLE FROM THE AURORA

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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]