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Jun 24, 2017

Debt doesn't start out as an obvious problem. For many people, lack of personal finance knowledge leads them to make poor decisions with their money. Once you figure out how easy it is to get credit, you start spending more and more because, hey, it's there. Today's guest is a former Hoyes Michalos client, and like many...


Jun 17, 2017

As Licensed Insolvency Trustees, our clients tell us how difficult it is to live on minimum wage.  That’s why they often have no choice but to use debt to survive.  The average person we help file a consumer proposal or bankruptcy has an income that is almost 40% less than the median income in Ontario; in many cases...


Jun 10, 2017

We know from our Joe Debtor study that the average person in Ontario who files a consumer proposal or bankruptcy has an income that is almost 40% lower than the median income in Ontario. Low or sporadic incomes make it difficult to keep up with the cost of living. The Ontario government has recognized this fact and has...


Jun 3, 2017

The number of seniors filing insolvency is growing. Many seniors have the honest intention of paying back whatever debt they accumulate. That would be great, except they're using new debt to pay for it.

We've recently written about seniors increasingly turning to payday loans, which is one of the most expensive forms of...