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bankruptcy Canada

Co-signers beware

by Moneyproblems TipsThu Aug 04, 2011 bankruptcy Canada

Today’s tip: only co-sign for someone if you are absolutely positive that they will be able to repay the loan in full, on time.  If they don’t make the payments, you are liable for the entire unpaid amount owing on the debt.
If it’s a small loan, or if you have lots of money, that may [...]

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Prepare for Good Times and Bad

by Moneyproblems TipsThu Feb 04, 2010 Uncategorized

Today’s Tip Courtesy of Ted Michalos, bankruptcy trustee
The bankruptcy rate in Canada has increased for the last two years, and it appears that 2010 will be the third year in a row of high bankruptcy rates. While we all hope the economy will improve, now is the time to prepare for either good times or [...]

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Bankruptcy Rate in Canada Up: Prepare Yourself

by Douglas HoyesFri Nov 20, 2009 Budgeting

The federal government announced today that the personal bankruptcy rate in Canada increased by 47% in September as compared to September last year.  That is a massive increase in the bankruptcy rate. More information is available about the massive increase in the personal bankruptcy rate in Canada.
Today’s tip: be prepared.
Most people who declare personal bankruptcy [...]

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