Industry Views & NewsBlogs
Welcome to the official blog of the Canadian Association of Insolvency and Restructuring Professionals! We hope you will enjoy insightful and informative posts by our team of expert bloggers on a wide range of topics, including individual, small business and corporate insolvencies, budgeting, financial planning, credit rebuilding and other money management tips for anyone looking to live a debt free life.
More Month Than Money
November 27, 2023
We have all heard the saying … more month than money. What does it mean? Essentially that your money is running out before your next paycheque arrives. It can be worse than living paycheque to paycheque...
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Good vs. bad debt: Are you borrowing money wisely?
November 20, 2023
Bad debt can lead to unescapable interest costs, damaged credit, and failed financial goals. With most Canadians carrying some sort of debt, how can you tell which type of debt is good or bad? The answer...
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Assessing Your Progress in Managing and Paying Down Your Debt
November 16, 2023
Debt can be a formidable adversary on the road to financial freedom. Whether it's student loans, credit card balances, or a mortgage, most of us have some form of debt in our lives. While it's not necessarily...
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Check up on your Debt!!
November 8, 2023
Understanding your debt in today’s economy is more important than it has ever been. With interest rates from near zero to the highest they have been in close to two decades, individuals are becoming...
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Modeling Financial Behavior
September 27, 2023
September is always a season of change. As young children take their first steps into learning, older children begin to consider their options for work life or post-secondary education.
As parents, guardians...
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Planning for Retirement: Age-appropriate Advice
September 20, 2023
When it comes to planning for retirement, there are two very different groups of people. The first group consists of those who start planning early and the second group consists of those who had a late...
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Is there such a thing as "Debt-Free"?
August 16, 2023
In theory, it is possible to be debt-free. Being debt-free means that you do not owe any money to lenders or creditors, so you have no monthly payments or interest charges to pay off. This situation can...
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Life of a Trustee
July 27, 2023
At the time of year when students are finishing their studies and contemplating their futures, I wanted to share a brief article about why I am a Licensed Insolvency Trustee (LIT).
When I joined the...
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Summer is Here and the Budget is Sizzling!!
June 27, 2023
Summer is finally upon us, and everyone is happy to get outside and enjoy the outdoors. Most people are looking forward to the upcoming weddings, amazing vacations, relaxing beach days, enjoying some baseball...
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What to keep in mind when refinancing your home
May 24, 2023
According to the Canadian Bankers Association, in December 2020 Canadian homeowners had an average home equity of 73% of the home’s value. I suspect this statistic is largely attributed to mature homeowners...
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Impact of Inflation and Recession on Debt Repayment
May 5, 2023
Inflation is a sustained increase in the general level of prices for goods and services in an economy over a period of time. It means that the purchasing power of money decreases as the cost of goods and...
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Protect yourself from financial scams
March 22, 2023
Financial scams can happen to anyone, regardless of their age, income, or level of education. These scams are designed to trick people out of their hard-earned money, often leaving victims in a difficult...
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