Debt Management
Read our articles and real-life stories about the consequences of debt accumulation as well as potential ways to get through it.
What will Hydro-Québec do in case of late payments?
If you have an outstanding debt with Hydro-Québec, the company will implement various collection measures to recover the unpaid amounts. It is important to understand these steps so you...
Debt to Hydro-Québec: 5 solutions
We present to you 5 possible solutions to settle a debt with Hydro-Québec.
How to help a retired person facing financial difficulties?
Financial difficulties for a retiree moving into a senior residence can be particularly challenging for both the retiree and their family. Housing costs are often higher than retirees’ monthly...
How to overcome gambling-related debt problems?
It is well known that a gambling problem can lead to serious emotional, family, and, above all, lead to financial pitfalls. Waking up after a night of heavy drinking...
What to do if a person in a consumer proposal or bankruptcy passes away?
We tell you what to do following the death of a loved one in bankruptcy or in consumer proposal.
A look at the financial health of Quebecers
Statistics on the level of financial concern and the state of mind of Quebecers and Canadians.
What are the solutions to get out of debt?
Nowadays, having debts is normal. However, when they take up too much space in our budget and become a source of worry and stress, it’s time to take control...
Is paying off debt with your RRSP a good idea?
Registered Retirement Savings Plans (RRSPs) are designed to reduce taxable income during working years while saving for retirement. The tax is deferred to the time you withdraw them, normally...
Quebec trend on debt ratio
Here are a few interesting numbers revealed by the “Institut de la statistique du Québec” (Statistics Quebec) in a study published on February 6, 2015. 1999 2012 AUGMENTATION Debt ratio 35% 160% +4,5 fois Total amount in mortgages...
Real-life case – His fishing boat sinks his finances
As the warmer days approach, the temptation to acquire a recreational vehicle, an ATV, or a boat can be great. But before giving in to temptation, the story of...
Your resolution for 2024: Improve your finances!
It’s no secret that financial difficulties are a source of enormous stress for families who experience them. Numerous surveys each year report this. What we learn is that one...
Reimbursing your debts
You have decided to undertake your debts and regain control of your finances. But are asking yourself where to start… The general rule is to always start by reimbursing debts...
Real-life case – When our children have financial problems
Shortly before the holidays, Jean-Pierre lent $2,000 to his 26-year-old son, William, for the second time in 6 months. A few weeks ago, the young man asked him for...
What is the debt ratio?
The debt ratio is the tool used by banks to determine if you are able to repay the loan you are requesting from them.
Why are we in debt?
An interesting study has just been published by Dr. Janis Sarra, of the Faculty of Law at the University of British Columbia, which focuses on 4,000 cases of bankruptcy...
Real-life case – The 4 Seasons of Debt
In just 3 years, Myriam accumulated over $25,000 on her 5 credit cards. How could she get into debt so quickly without any major expenses? Often, we find ourselves trapped...
Real-life case – Indebted, a Young Couple Will Wait Before Starting their Family
During his studies, 29-year-old Benoît accumulated debts of over $30,000. Today, with his partner Christine, he would like to start a family and buy a house. But is it...
Early warning signs of financial problems
There are some indicators of financial difficulties that can be observed prior to the situation deteriorating.
Are you in control of your finances?
The question may seem trivial, but we should never trust our impressions. Some may think that because they had no late payments, everything is fine. And when the bank...
Are you in control of your debts? Take 5 minutes and do the test!
Are you in control of your debts? To find out if your debts are under control, you can complete the test at testezvosfinances.com. For Pierre Fortin, licensed insolvency trustee, ‘’Recognizing...
Real-life case – Student Debt
Student debt is treated differently from other debts in a consumer proposal or bankruptcy.
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