2025-08-14
How to budget for summer vacation
Vacation costs can add up quickly without proper planning. This guide can help you budget so that you can make the most of your trip without overspending.
Can CIBC Visa Garnish My Wages?
2009-10-12
Author: Linda Paul
In BC, most creditors (including Visa) have to obtain a court judgment against you before they can garnish your wages. If they are going to apply to court for this type of judgment, they have to first serve you with notice. In Small Claims Court, this is called a "Notice of Claim." So, if Visa has your current contact information and if they haven't yet served you with a Notice of Claim, it's very unlikely that they have a judgment and it's therefore very unlikely that they could garnish your pay cheque. Unfortunately, many collectors will tell you that they are ready to garnish, even though they are not legally in a position to do so. If a collector is telling this and you haven't been served, ask them for the court number and a copy of the judgment.
Linda Paul
CIRP, LIT
Senior Vice-President
Servicing: Abbotsford, Chilliwack, Maple Ridge, Surrey, Langley
Latest Blog Posts
2025-08-05
How to budget when you’re unemployed
Bankruptcy Consumer Proposal
Losing your job can be frustrating and, even more so, managing your financial wellbeing while you’re unemployed. However, you can successfully navigate the situation with the right budgeting tips.
- First steps to take when you become unemployed
- Managing your expenses
- Seeking professional help
2025-08-04
How to Deal with Unexpected Medical Expenses
Since it’s impossible to predict or prevent most medical conditions or emergencies, the best way to handle them is by planning and preparing for them.
