Tara Silliker CIRP, LIT, CPA, CA

Senior Vice President, Consumer Insolvency

Servicing:



Recent Blogs

 

 

Does this sound all too familiar? You started out with the usual plan for most Canadians — get a job, buy a home and save for retirement. As retirement approached, you expected your mortgage would be paid off and you would have a pension or nest egg.

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Underscoring financial vulnerabilities in New Brunswick when it comes to consumer debt, the latest official figures from the Office of the Superintendent of Bankruptcy (OSB) continue to reinforce the mounting strain on many households in the province. The number of New Brunswick residents who filed for insolvency in the second quarter of 2019 was up 11.7 per cent compared to the same quarter of last year and up 20.4 per cent compared to the first quarter of this year.

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Debt is stressful at the best of times. But when it reaches a point where you can no longer pay your bills, it can be downright overwhelming.

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