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

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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 , , , , , , , , | 1 Comment

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 , , , , | 1 Comment