23rd November 2009
There are various reasons why people encounter financial difficulty; however the most common reasons fall under one or a combination of the following categories:
1. Living beyond your means
2. Lack of income
3. Job loss or illness
4. Mar...
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23rd November 2009
As I am writing this article, the world is undergoing the most dire economic downturn since the Great Depression of the 1930s. In such an economic environment (which pundits are calling the "Great Recession of 2008"), it is inevitable that companies are u...
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23rd November 2009
For the financially distressed individual living in Canada (referred to as the "debtor"), the first option often contemplated is filing for bankruptcy. Although the debtor will find relief from his creditors, this option has some disadvantages:
* U...
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23rd November 2009
INTRODUCTION
Bankruptcy is a scary word. Although bankruptcy provides debt relief, it also conjures up images of losing your home, no hope of rebuilding credit, and other unpleasant thoughts. However, in these challenging economic times, many people ...
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