insolvency News and Articles | My Blog

There's a common theme among Canadians overwhelmed by debt

2/6/2024 | Posted in Financial Health by Paul DeAdder

Further analysis of the latest Canadian insolvency stats reveal some revealing elements that typically connect those whose finances have got too much for them.

Tags: Canada Living, Canadian Debt, Canadian Households, Household Debt, Insolvency, Mortgage Debt, NonMortgage Debt

Canadian Bankruptcies Jump At Fastest Pace Since Financial Crisis

5/14/2019 | Posted in Financial Health by Paul DeAdder

Higher interest rates and a record-large debt burden are taking their toll on Canadians, with the number of households filing for insolvency hitting an eight-year high in the ... More

Tags: Bankruptcy, Canada, Household Debt, Insolvency, Interest Rates, NonMortgage Debt, Office of the Superintendent of Financial Institutions

Household debt to have knock-on effect upon banks, economy

4/29/2019 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

Canadians now owe an average of $1.79 for every dollar of disposable income.

Tags: Bank of Canada, Bankruptcy, Canada, Canadian Banks, Household Debt, Insolvency, Interest Rates, NonMortgage Debt