Credit Counselling

Seniors and Bankruptcy: Statistics

The most recent Statistics Canada Report covering the period 1999-2012 inclusive show that family debt increased by 4% but the seniors debt (over 55 years old) increased by 16%. People generally are taking on more debt. We now owe $1.60 for every $1.00 we make. In 2013, 69,000 people filed for bankruptcy. Seniors currently make […]

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Bankruptcy and Debt Exclusion

Bankruptcy and Debt Exclusion What is debt exclusion from bankruptcy? A bankruptcy or proposal will get rid of most of your debts, but not necessary all of them. This is because certain debts are secured to your assets. The most common being a mortgage on your home or a loan on your car. If you […]

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You Need a Good Credit Score

Why do you need a good credit score? You have decided to buy a house (mortgage), buy a car (car loan) or go into business (operating line of credit to finance inventory, accounts receivable, etc.). You go to your bank and they look at your credit score. The credit score is a number (from 300 […]

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Bankruptcy and God

God put us on the earth for a limited amount of time. Why then does he make us sleep for about 8 hours each day? We could be producing something of value for 24 hours each day. The answer of the sages is profound. We have all heard the phrase “I am having a bad […]

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