Monthly Archives: October 2012

Bankruptcy Canada Statistics Released – Consumers Still Struggling

31 Oct 2012

Bankruptcy and Consumer Proposals Canada Aug 2012

In some good news, the number of consumer insolvencies showed an overall decline in Canada for August 2012. The Office of the Superintendent of Bankruptcy Canada reported consumer insolvencies (bankruptcy and consumer proposals) for the 12-month period ending August 2012 were 5.1% lower when compared with the same period the…

When are Student Loans Discharged in a Bankruptcy in Canada?

22 Oct 2012

Question: I went bankrupt in 2009 and listed my student loan as a debt. I got the loans back in 1998. Are my student loans eliminated in a bankruptcy? or am I still liable? Please help as I am trying to rebuild my credit. Thanks J Answer: A student loan…

Will Higher Interest Rates Drive You Into Bankruptcy?

16 Oct 2012

The Bank of Canada, and in particular governor Mark Carney, have left little doubt about their intentions to use interest rates, if need be, to control what appears to be out of control debt borrowing by Canadians. The central bank has commented on the rising level of consumer debt for…

Bankruptcy Canada Statistics Released – Consumers Still Struggling

When are Student Loans Discharged in a Bankruptcy in Canada?

Will Higher Interest Rates Drive You Into Bankruptcy?

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