2025-05-26
How to exercise caution when investing in digital currencies
Lifestyle Debt
While digital currencies offer many opportunities, they also carry risks. How can you mitigate those risks before diving into the digital currency market?
Bankruptcy is not a permanent state. Most Bankruptcies last between 9 and 21 months if you’ve never been through Bankruptcy before. Ultimately, the length of your Bankruptcy will depend on your income level and whether you’ve met all the requirements of your Bankruptcy.
If you’re filing for Bankruptcy for the first time, you’ll be eligible for an automatic discharge 9 months after the date you filed. However, if your income is in excess of federal government-set standards, your Bankruptcy will be extended to 21 months and you will be required to pay a portion of your surplus income to the Licensed Insolvency Trustee for the benefit of your creditors.
After your Bankruptcy is completed and you receive a discharge, a notation will remain on your credit rating for six to seven years if filing for the first time. Once you’re discharged from Bankruptcy, you can begin working on rebuilding your credit rating. Although it takes time, there are several positive behaviours potential creditors will be looking for. Paying off ongoing debts quickly, avoiding bounced cheques, getting and using a secured credit card are all great ways to start rebuilding your credit rating.
2025-05-26
Lifestyle Debt
While digital currencies offer many opportunities, they also carry risks. How can you mitigate those risks before diving into the digital currency market?
2025-05-14
If your phone rings with relentless calls from creditors, you’re not alone — and you’re not without options. Creditor harassment can take a serious toll on your well-being, but you have rights, and there are clear steps you can take to stop the calls and regain control.
2025-05-07
Credit cards are a popular and convenient form of credit that can be a very useful tool.