Most of us don’t really know what happens to your debt when you die. Are there debts that are forgiven? Are you responsible for your spouse’s debt after they die? Find out how debt works after death in Canada and what you can do to protect your loved ones.
What happens when you have declared Bankruptcy in Canada and then receive an inheritance or an unexpected windfall? What is surplus income and when do you have to pay it? Find out how Bankruptcy works in Canada and if Bankruptcy can take an inheritance.
What happens when you declare Bankruptcy in Canada? Filing for Bankruptcy in BC is governed by the Bankruptcy and Insolvency Act and is administered by a Licensed Insolvency Trustee. Find out how Bankruptcy works and what other debt relief options are available to you.
Do you have an adequate retirement plan? Will you be able to retire debt free? With the retirement age in Canada set at 65 but looking like a dream, most Canadians need to revisit their retirement savings plan. Find out what you can do now to enhance your retirement plan.
Household debt in Canada is on the rise. With soaring interest rates mortgage debt is becoming harder to pay off. But not all debt needs to be avoided. FInd out the difference between good debt vs bad debt and how you can make borrowing work for you.
Why is supporting local businesses important? Every dollar you spend locally is circulated in the community 3 or 4 times. When you support local businesses, everyone wins. Find out how you can find a balance between shopping locally and buying through e-commerce.
The Canada Revenue Agency has the power to freeze your bank account or garnish your wages without giving notice. Other creditors must go to court to get a wage garnishment order or to have a bank account frozen but the CRA does not. Find out how to avoid these collection practices.
Why is financial literacy important? When you are financially literate you have the foundation of a relationship with money that will help you manage your personal finances. Find out how to increase your knowledge with the best financial literacy books, and more.
A Consumer Proposal is based on your financial circumstances at the time of filing. But what happens if your circumstances change or you simply change your mind? Can you cancel or withdraw? Matthew Fader, a Licensed Insolvency Trustee at Allan Marshall & Associates discusses why a Consumer Proposal is a good alternative to Bankruptcy.
How much do you need to retire? And what happens if you don’t have enough money saved? How much longer will you have to keep working before you can retire? Licensed Insolvency Trustee, Matthew Fader talks about what Canadians are doing to prepare and how you can budget for your retirement.
