Dealing with Debt – What You Need to Know

By Barry Nykyforuk, Licensed Insolvency Trustee   We keep hearing in the news that inflation disproportionately affects low-income households. But what happens when “lifestyle inflation” meets real-world inflation?  What we’re observing is that a growing number of middle-class and higher-income Albertans with well-paying jobs are feeling the strain of rising mortgage and interest rates. Things […]

When Gary’s hours were cut back at his warehouse job, he found it increasingly hard to pay his bills. Before he knew it, he had racked up an enormous amount of credit card debt. Collection agencies were calling daily.  Eventually, Gary reached out to a Licenced Insolvency Trustee (LIT) to file for personal bankruptcy. He […]

Whether you’re trying to get out of debt or afford your dream vacation, a little money advice never hurts. If this is the year you’ve decided to get your finances in order, consider these helpful tips. Review your budget.  Many of us are already working with a budget, but when was the last time you […]