Bankruptcy in New Brunswick Blog
We'd like to introduce our Bankruptcy in New Brunswick Blog. We're taking questions we hear the most often and answering them online on a regular basis. If you have a question, please contact us online or call us at 1-888-455-6060.
I’m getting a raise at work. How should I change my budget?
Getting a raise at work is a great opportunity to reconsider your finances because of your new cash flow.
Read the full article | Comments: 0Should I use my RRSP to pay debts?
. Before withdrawing money from your RRSP, you should consider the following:
Read the full article | Comments: 0Interest rates are really low and I am considering buying a house. Is this a good financial move?
There is more to consider when buying a house than just interest rates. The problem with low interest rates is that they make people think that they can afford more house than their budget reasonably allows.
Read the full article | Comments: 0How is Old Age Security (OAS) calculated?
Most Canadians are eligible to receive OAS benefits when they turn 65 years of age. You must apply to the government in order to receive your monthly OAS benefits. It is not automatic.
Read the full article | Comments: 0I have lost my job and will receive a severance package. Should I pay off my debts or keep it for a rainy day?
There are many reasons in this situation to take your time before quickly spending the severance on existing debt. Severance is designed to assist in funding living expenses until income from a new job can take over. Worthwhile questions to consider include:
Read the full article | Comments: 0Is it a good idea to get a “consolidation loan” to pay out my credit cards and line of credit?
. Getting a “consolidation loan” may not be the best solution to getting your debts resolved.
Read the full article | Comments: 0Who does the Trustee work for, me or my creditors?
Neither. A Trustee is an officer of the Court and therefore should be neutral and even handed.
Read the full article | Comments: 0I find I’m always using the overdraft on my bank account. What should I do?
Overdraft protection is designed to permit people a bit of leeway to ensure that they don’t end-up with bounced cheques and incurring NSF fees.
Read the full article | Comments: 0What is the best way to plan for financial emergencies?
Financial emergencies can come in many different forms. You could lose your job, lose your health, your basement can flood, the transmission can fall out of your car or something else that you’ve never planned for.
Read the full article | Comments: 0Are there ways to manage my financial risk?
. Businesses that are successful take the job of managing risk very seriously. They have a plan to achieve their goals and take actions to try to minimize the risks which could set them back or potentially bankrupt the business. Running a household for an individual is surprisingly similar. Following are some of the strategies used to manage personal risk:
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