They say it's "better to give than to receive", but not when it’s at the expense of your financial health! Here are some helpful tips when Christmas shopping to avoid money problems after the holidays.
There are some clear advantages to filing before the end of the year
Nothing. Missing one payment does not affect the status of your consumer proposal and you can catch-up the missed payment at any time.
There are a number of major differences between a Consumer Proposal and a Division 1 Proposal.
People tend to file personal bankruptcy most in November.
If you are going to try to dig yourself out of debt without filing personal bankruptcy or making a consumer proposal you need to have a plan.
Those with less money need the assistance of a professional even more. Some people think that you have to have a lot of money to benefit from the advice and guidance of a financial planner. I would argue differently.
The Office of the Superintendent of Bankruptcy Canada has recently released their statistics for the month of April 2011.