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The Latest

Debt Happens

For whatever reason or circumstance, debt happens to many of us. Consider these articles in respect to your current and future financial plans.

Which Debts Can Be Included in a Consumer Proposal?

For expert guidance on consumer proposals in St. John's and across Newfoundland and Labrador, contact S.R. Stack, a Licensed Insolvency Trustee, to explore your options today.
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Managing Holiday Spending

If holiday spending is starting to feel overwhelming, remember that you don’t have to navigate financial stress alone. We’re here to offer compassionate, professional advice tailored to your situation.
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What is a Licensed Insolvency Trustee?

A LIT is the only professional who can provide services like consumer proposals and bankruptcies, which may be the best solution for people who are struggling with severe financial difficulty.
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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]