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Although it’s not common, one of the things that can cause people to file bankruptcy or a consumer proposal is if they’ve been the victim of credit card fraud.  Here are some things you can do to protect yourself. One of the most common ways that people fall victim to credit card fraud is simply […]

Effect of consumer proposals on families
Effect of consumer proposals on families

Families, like individuals and couples, have a wide range of expenses that draw on their financial resources. But for families with children, expenses are often larger and more varied than anticipated. Kids Can Be Expensive! Children are the proverbial “wild cards” when it comes to family spending. Parents are motivated to provide well for their […]

Tax debt - options
Tax debt - options

For individuals carrying substantial consumer debt, income tax season can be a blessing or a nightmare. Of course, it all depends on whether you are expecting a refund or a bill. I am self employed, and I experienced financial distress in 2009 and eventually filed a Consumer Proposal. Looking back, there were warning signs that […]

Looking up debt help
Looking up debt help

Andy and Cynthia are a smart young couple, but they’ve gotten into trouble with consumer credit. Like most people, they certainly didn’t see money troubles around the corner when they started their small business. They were filled with optimism! And, things went well for a couple of years. Sales were actually better than they had […]

Bankruptcy and Proposal - An Easy Way Out?
Bankruptcy and Proposal - An Easy Way Out?

Are you reading this article because you’re seeking a solution to your financial difficulties? Gathering information on Bankruptcy or Consumer Proposal? Then you already know something that few people without financial problems realize – these solutions are not “the easy way out”. It’s not that Bankruptcy and Consumer Proposal are terribly difficult (in fact, most […]

Basic Income - Pilot Program in Ontario
Basic Income - Pilot Program in Ontario

Earlier this month the Ontario Liberal government headed by Kathleen Wynne announced plans to pilot a Basic Income program, as part of its 2016 Budget. The Federal Liberal government is also expressing interest in investigating Basic Income for all Canadians. Basic Income is not a new idea, and there are several forms. In some schemes, […]

  • Posted in Topics, Wendy's Column
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Insolvency Statistics Canada 2016-2015
Insolvency Statistics Canada 2016-2015

Statistics Canada keeps close tabs on the economic status of Canadian consumers, and publishes its findings yearly. Similarly, the Office of the Superintendent of Bankruptcy Canada (OSB) records statistics specifically on insolvency. Drilling down into the data reveals both cautionary and inspiring trends. Note that Statistics Canada defines a consumer as an individual with more […]

Student loan debt
Student loan debt

Improvements to Ontario’s student aid system were unveiled in the Ontario budget this week. Lauded by all levels of Ontario’s education system and by student advocacy groups, these changes aim to make college and university more affordable for students from lower-income homes. Under the new legislation, which will begin phase-in in 2017, students from families […]

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In control of debt
In control of debt

For most who realize they are in serious financial difficulties, it’s a very rude awakening! Are you reading this because you feel this way? You are far from alone. The thing is, until we find ourselves in this situation (I filed a Consumer Proposal in 2009), we have probably believed certain fallacies. The key untruth […]

  • Posted in Topics, Wendy's Column
  • Comments Off on How Could This Have Happened? I Thought I Was Smart and in Control!
No Money - Bankruptcy
No Money - Bankruptcy

“If I file for Bankruptcy, will I have the means to support my family?” “I’ve heard it costs money to file for Bankruptcy, and I don’t have enough as it is – how can I afford it?” It seems like a catch-22 – you have very little money, and the solution itself carries costs. These […]

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