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Keyword: Bankruptcy

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Life saver falling on blue churning water

The agency has proposed deferring payments for financially troubled households

pencil erasing credit card debt

Scotiabank reports that the insolvency trend “remains on an overall declining trajectory” since the global financial crisis

pencil erasing credit card debt

Year-over-year insolvency activity rises

Young business woman suffering stress working at office computer

More women are filing for insolvency — but with less debt than men

Concept of crisis with unstable statistic bars

Signs of financial distress persist

  • By: Staff
  • October 4, 2019 October 4, 2019
  • 16:00
stack of documents or files, overload of paperwork on black background

For consumer insolvencies, the trend is driven by proposals, not bankruptcies

  • By: Staff
  • August 15, 2019 August 15, 2019
  • 13:21
Emotional Stress, Bankruptcy, Finance

Bankruptcies increased by 2% and proposals rose by 4.5%

  • By: Staff
  • April 3, 2019 April 3, 2019
  • 11:32
pencil erasing credit card debt

Consumer insolvencies rose more than 5% year over year in November

If your client is a student, struggles with cash flow might be expected, but some students experience greater financial challenges. That’s because student debt is often cited in insolvency. In fact, almost one in seven insolvencies involve student debt, says a report by Hoyes, Michalos and Associates Inc., which is based on a seven-year review […]

  • By: Staff
  • September 5, 2018 September 5, 2018
  • 16:43

It’s no secret Canadians are cash-strapped, with previous research suggesting many aren’t contributing enough to RRSPs and TFSAs. But, for those who face the extreme of insolvency, daily expenses can be insurmountable, let alone contributing to savings plans. The average insolvent Ontarian uses most of his income to pay for necessities such as housing and […]

  • By: Staff
  • March 27, 2017 August 21, 2018
  • 14:04