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Planning for Post Secondary (3 Minute Debt Break)

Post-secondary education costs money. Depending on the program, sometimes a lot of it. But there are steps every student can take to prepare for these costs and minimize the future financial impacts of pursuing a higher education.

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Impacts of rising interest rates on unsecured debt and financial health

The Bank of Canada (BoC) increased its policy interest rate by a full percentage point on July 13, 2022. It was the fourth increase to the overnight rate this year and the largest since 1998.

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Tips for handling inflation to keep a balanced budget

Inflation is the measure of the rising price of certain goods and services. Statistics Canada measures it from month to month, based on a basket of goods that represents what a typical consumer would normally purchase.

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The Role of a Licensed Insolvency Trustee

A Licensed Insolvency Trustee (LIT) is an insolvency professional who has been licensed by the Superintendent of Bankruptcy in Canada to help individuals and businesses who are having difficulty paying their debt, administer Consumer Proposals and Bankruptcies and manage assets held in trust.

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Insolvency Rates In Alberta Climb As The Economic Downturn Wears On

With a continual downturn in the price of oil, a barrage of layoffs and a weakened Canadian dollar, making it from one debt payment to the next has become a significant challenge.

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Insolvency Rate Linked To Plunging Oil Prices

As unemployment continues to increase across the prairies due to a sharp decline in the price of oil, many have found themselves relying on credit to pay for day-to-day expenses as severance pay begins to dwindle and unemployment insurance runs its course. While credit can be a viable solution for handling short-term financial obligations, it can quickly become a costly expense. If you are unable to pay off your credit from one month to the next,...

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Insolvency On The Rise

With thousands of Albertans laid off due to the downturn in the oil and gas industry, it’s no surprise to learn that Alberta is experiencing an all-time high in delinquent loans.

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How To Survive The Holiday Season Without Breaking The Bank

With the holidays around the corner, financially strapped Canadian families are wondering how to make it through without breaking the bank.

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Increased Interest Rates Could Spell Disaster For Canadians In Debt

With banks offering consumers a record amount of credit in recent years, Canadian households will face tough times ahead if they aren’t able to reduce their debt loads.

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Joint Bankruptcy For Separating Spouses

My husband and I are seperating. We are still under the same roof at this time but will be going our own ways. If we file together and he does not fulfill the requirements for discharge do we both lose discharge. Would it be better to file on our own, just trying to have only one fee.

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