Trustee in bankruptcy : a depressing profession?
“It must be quite depressing to be a trustee in bankruptcy!” Such is a comment I often get when I
Tag: Debt
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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,
Bankruptcy trustees are changing
The term “bankruptcy trustee” could very well change pretty soon. The Office of the Superintendent of Bankruptcy Canada, the OSB,
How to avoid having your hydro disconnected
If you are behind on your hydro bills, you could get disconnected soon. Note: This post was updated on February
Who are Licensed Insolvency Trustees working for?
Being a Licensed Insolvency Trustee (LIT), I am sometimes confronted with this question. Sometimes, I even have to demystify the
Divorce: A Leading Cause of Bankruptcy
The divorce leads many Canadians to declare bankruptcy. This phenomenon is rather disturbing, given the fact that divorce forecasts show
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
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
Bankruptcy, Credit Cards and Fraud
Is it a good idea for someone to spend profusely in order to reach his credit card limit before filing
I have too much debt – What can I do?
The facts speak for themselves – Canadian households have been getting deeper into debt in recent years, as widely reported
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