Category Archives: Debt Help Stories

You’ve probably seen the ads: “0% interest for the first 12 months!” for a new credit card. Sounds too good to be true, right? These are ads for balance transfer credit cards, and it’s true, they do offer 0% interest for a promotional period (usually between six and 12 months)…. Read more

As recently as ten years ago, this issue seldom came up.  Now, we meet with people every week that need to understand what they can do to deal with their parent’s debt.  In most cases, the adult children that come in to see us have no idea how much their parents… Read more

2 jobs, 2 kids, 2 cars, RRSPs, RESPs, a house and a dog.  The Millers (not their real name) sound like the average Canadian family.  It sounds like they should have a pretty good life.  The problem is their debt.  They have a lot of it and it is not… Read more

In her recent post about finding ways to save money, financial literacy guru Gail Vaz-Oxlade talked about eating out less. Learning to cook doesn’t have to be a major undertaking. There are many tasty recipes that you can try that are simple to prepare, based on low cost, easy to… Read more

Once upon the time we Canadians were good savers. Yah, I know, it was about 30 years ago, but, gosh, why the free-fall into no-savings territory? Hey, maybe because… You’ve been spending more money than you make. Stop.  Carrying consumer debt means mortgaging your future income. Figure out a budget… Read more

The temptation to overspend during the holidays comes in many shapes and sizes. From lack of planning, to guilt and stress, to plain old Joie de vivre. Unfortunately reality sets in come the New Year. That’s why as bankruptcy trustees we get busy usually beginning around mid-January and running through… Read more

This is the story of Sam and Sally (not their real names).  Sally owned a house before she met Sam and they got married.  They lived relatively simply lives, but there were a few hiccups along the way.  Sally injured her knee at work and was off work for two… Read more

Sometimes it takes just one event to trigger a phone call to a debt professional. This was the case for Bruce (not his real name). He originally called a trustee in bankruptcy because he owed Canada Revenue Agency $25,000 and they had told him they planned to garnishee his wages…. Read more

Daniel had a good job, working at the same company for almost 20 years.  He was doing well until five years ago when both of his elderly parents got sick and he had to take a leave of absence from work to take care of them.  He was eligible for… Read more

Three years ago Greg sent an email to one of our advisors desperately looking for help to deal with his debt. He was single, in his mid-50’s, with no dependents and had a decent job but he owed his unsecured creditors $75,000. He also owned a small house with a… Read more