Author - Stephan V. Moyneur

November 2017

October 2016

Financial Literacy Month

Financial literacy: Best practices with credit

Did you know that November is Financial Literacy Month? Since 2011, by means of this initiative, organizations and companies are encouraged  to mobilize to educate consumers and help them make responsible financial decisions. This year’s theme is “Take charge of your finances: It pays to know!” Note: this post has been updated on November 7, 2017. If you want to learn more about Financial Literacy Month and the appropriate use of credit, this article is for you. You’ll learn how good credit practices can help you better manage your debt. The importance of Financial Literacy Month (FLM) Financial Literacy Month is important. Its goal is to reinforce the financial health of Canadians. This November, various tools and information will be provided each week. [...]

May 2016


Seven Debts Excluded from Bankruptcy and Consumer Proposals

When you are overwhelmed by financial problems, bankruptcy and consumer proposals can help you stabilize your financial situation. Bankruptcy and consumer proposals are effective solutions, but remember that some debts cannot be erased with these proceedings. Here is what you should know about the seven debts that cannot be discharged by bankruptcy or consumer proposal. (more…)

February 2016

six step solution to be debt free

One Six-Step Solution To Be Debt-Free

Although still relatively unknown, consumer proposals are a solution that I often recommend to people battling debt problems. Once I explain the advantages and the steps involved, many are relieved to know that there is an effective alternative to bankruptcy. (more…)

October 2015

will more bars file for bankruptcy

Will We See More Bars And Resto Bars File For Bankruptcy In 2016?

As of February 1st 2016, bars and resto bars will be required to generate bills for each transaction by using a sales recording module (SRM). Started on September 2nd 2015, the implementation of SRMs will continue until January 31st 2016. (more…)

March 2015

can credit counsellors be trusted

Can Credit Counsellors Be Trusted?

Financial restructuring and insolvency is a fast growing sector. There are credit counsellors, budget counsellors, financial coaches, debt settlement agencies, etc. But, let’s be careful. All these people do not offer the same solutions or the same advantages! So, when facing debt problems, to whom can one really turn to in order to make it through? (more…)

December 2014

why Jack Johnson and other athletes file for bankruptcy

Why do Jack Johnson and other athletes file for bankruptcy?

Jack Johnson, a professional hockey player who earned nearly US $20M in his career, just filed for bankruptcy. Johnson’s situation is rather specific, but he is not the first professional athlete to be in the red, and he certainly is not going to be the last either. (more…)

November 2014

the impacts of la courte échelle and jacob bankruptcies

The Impacts of La courte échelle and Jacob’s Bankruptcies

This time, it is official! La courte échelle and Boutique Jacob Inc. are bankrupt. These two flagships of the Québec economy are permanently closing their doors, a fact that will have impacts on many individuals. (more…)

July 2014

job losses and over-indebtedness

Job losses and over-indebtedness

A job loss is a direct over-indebtedness factor. On the one hand, when someone loses his job, he has less money at his disposal to pay off his debts. On the other hand, he must rely even more on credit to compensate his salary loss. Once started, such a cycle becomes rather difficult to slow down. (more…)

more boomers and elders forced to file for bankruptcy

During retirement, more boomers and elders are forced to file for bankruptcy

No one wants to be forced to file for bankruptcy. Especially if one is at the dawn of retirement, or already retired. However, statistics from the Office of the Superintendent of Bankruptcy Canada demonstrate clearly a sharp increase of the bankruptcies amongst these populations. (more…)