2025-10-01
Debt consolidation vs. consolidating credit: What’s the difference?
Lifestyle Debt
Financial jargon can be murky at the best of times. Downright frustrating when you’re sinking in the depths of unmanageable debt.
2009-11-30
Many lenders are comfortable with an individual keeping their financed or leased vehicle after declaring bankruptcy, as long as the lease or loan payments are kept up-to-date and all other terms of the financing agreement are honoured. You mentioned that you just signed the financing papers. We have had instances where the individual has obtained the vehicle financing just prior to filing bankruptcy and the lenders have allowed them to continue on with the financing arrangement - i.e., keep the vehicle and continue with the monthly payments. Different lenders have different policies, and their willingness to continue with the arrangement depends, in part, on your history with them and other factors. So, although no trustee can guarantee that you'll be able to keep the vehicle, lenders are often receptive to this. Judy Scott Meyers Norris Penny Limited Port Moody, Burnaby 604-949-2113 [email protected]
2025-10-01
Lifestyle Debt
Financial jargon can be murky at the best of times. Downright frustrating when you’re sinking in the depths of unmanageable debt.
2025-09-30
In times of economic uncertainty, finding joy in the simple, budget-friendly experiences is more important than ever.
2025-09-29
Lifestyle Debt
A clear, realistic budget can help you reach your goals faster. Learn five practical steps to take control of your finances and spend with confidence.