The Six Signs of Impulsive Buying

Written by Pascal Gagnon on . Posted in Advice, Understand

Everyone makes impulsive purchases from time to time. Far from being essential to daily life, some purchases are made for what we call emotional reasons, such as celebrating a promotion, rewarding ourselves, relieving stress, or spending to make up for something missing in one’s life. However, if not controlled, this kind of impulsive buying can lead to debt and chip away at your financial health.

Licensed Insolvency Trustee

Written by Chantal Gingras on . Posted in Advice

Are you familiar with the term “Licensed Insolvency Trustee” (LIT)? This new name designates what used to be called a “Trustee in Bankruptcy” or, in French “Syndic de faillite.” The Office of the Superintendent of Bankruptcy Canada (OSB) decided to apply this change, beginning on April 1, 2016. We believe the new designation more accurately reflects the role of LITs following the evolution of the industry. Here are some reasons for this change regarding insolvency.

Debt Overload: How Much Debt is Too Much Debt

Written by Pascal Gagnon on . Posted in Understand

Good financial health can be difficult to obtain. Easy access to credit, unforeseeable events, and a lifestyle that is incompatible with your budget can create debt. If your debt is too large, it can become problematic and lead to debt overload. To avoid this scenario and financial troubles, use these methods to check whether you have too much debt.

7 types of debt excluded from bankruptcy and consumer proposal

Written by Stephan V. Moyneur on . Posted in Understand

Bankruptcy and consumer proposals release you from multiple financial constraints. These solutions exist to allow you to catch your breath and start again on the right foot. However, you should know that certain debts cannot be settled by filing for bankruptcy or submitting a consumer proposal. These are called non-dischargeable debts. If you want to get out of debt, here’s what you need to know about non-dischargeable debts

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