Tag Archives: bankruptcy
Bankruptcy and Credit Counseling
The Globe and Mail reports that bankruptcies are skyrocketing in Canada: Bankruptcies among consumers are surging across Canada. The number of consumers filing for bankruptcy in December soared 50.6 per cent, although filings fell from a month earlier, the Office … Continue reading
Walking Away From Your House
As always, Liz Pulliam Weston has another insightful piece entitled “Is your home worth keeping?” Here she explores whether it is better to walk away from your house if the value has dropped and you are too deep in depth. … Continue reading
Posted in Credit Crisis
Tagged bankruptcy, cheap, Credit Crisis, foreclosure, Frugal, Frugality, housing crisis, living simply, Simple Living
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The Debt Trap
The New York Times has an enlightening piece examining the practices of the credit card industry in the United States entitled The Debt Trap: Banks Mine Data and Pitch to Troubled Borrowers. Though the practice may have tapered off, credit … Continue reading
Posted in Dangers of Credit
Tagged bankruptcy, credit, credit cards, credit feudalism, Dangers of Credit
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