People come to Canada from all over the world for a chance at a better life. Sometimes it’s a better job, to be closer to family, or just to live the Canadian dream. No one moves to Canada to accumulate a crushing amount of debt. Sadly, that was what happened to the young man in […]
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Are you looking for debt topics in Nova Scotia? Look no further, our blog has an incredible amount of debt-related content. Read on!
Case Study – New Homeowners
Buying a home is the biggest purchase that most of us will ever make. Unfortunately, it can often come with unexpected expenses that send your costs sky-high. The family in this case study ran into this problem – the renovations on their new home had launched them into a debt spiral. We were there to […]
Case Study – Recently Separated
Divorce is horrendous, there’s no doubt about it. Add in debt, and a bad situation gets even worse. Relationship breakdown is one of the common reasons people file a consumer proposal or bankruptcy. Not only do the assets get divided up, so do the liabilities. This brings many challenges as emotions run high. This case […]
Case Study – Professionals with Kids
No one in the world is born with an innate sense of how to manage their money – this is a learned skill. It doesn’t matter what your income looks like if you don’t think about how you spend it you can quickly see your expenses eating up a discomforting chunk of your income. This […]
Case Study – Business Failure
Debt troubles even those you’d least expect. This case study reviews the events of a family who seemed to have it all – two incomes, two cars, the house, the kids. One partner had even started their own business. Nevertheless, under the surface, debt threatened to ruin everything they had built. Background The couple had […]
Case Study – Illness In The Family
One of the most common events that spurs a financial crisis is a sudden illness that prevents one from working. It can strike at any time and few of us are prepared for a long-term absence from the workforce. This problem was compounded for the family in this case – they had to face the […]
Case Study – Single Parent Family
Being a single parent is one of the hardest jobs in the world. Balancing a budget is daunting enough, never mind when you have little ones to worry about. It’s not surprising that lone parent families are more than twice as likely to use payday loans than couples with children. The focus of this case […]
Retirement / Fixed Income – Case Study
Case Study – Heading into Retirement with Debt on Fixed Income Intro Regardless of what age you’re hoping to retire, many Canadians are entering their golden years with higher levels of debt. The percentage of senior families still carrying debt jumped from 27% in 1999 to 42% in 2016. As you move to a fixed […]
Student Loans Debt Relief Case Study
The average Canadian graduate’s post-secondary school with $25,000-$30,000 in student debt. That’s already a significant debt load to start your adult life with. This level of debt is above the average Canadian debt load. More and more we are seeing clients still struggling to tackle this debt later into life. In this case study, you’ll […]