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Brandon Blog Post

BANKRUPTCY AND DIVORCE: NOT ALL REASONS TO GO BANKRUPT ARE GOOD

Bankruptcy and divorce Whenever we speak to groups about bankruptcy and divorce, and especially to grey divorce support groups, the same questions always arise regarding the interplay between the Federal Bankruptcy and Insolvency Act (BIA) and the Ontario family law provisions.  I thought it would be best to address one such interesting issue in this […]

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IS BABY BOOMERS DEBT PREVENTING THEM FROM GETTING MARRIED?

Baby boomers debt is having an effect on baby boomers who wish to get married, but won’t.  Shacking up is not exclusively for young people bucking societal traditions. About 33% of Baby Boomers are unmarried today and many are opting to live together instead of getting married, according to a survey done by the National […]

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Brandon Blog Post

BABY BOOMERS DEBT: REASONS WHY IT IS SO HIGH

There are various reasons why baby boomers debt is so high.  According to the 2011 Canadian Census, 9.6 million persons, or close to 3 Canadians out of 10 (29%), were baby boomers. Baby Boomers, the generation born between 1946 and 1964, face challenges unlike any other generation before them. Sometimes referred to as pre-seniors, the […]

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FINANCIAL INFIDELITY IN MARRIAGE LEADS TO DIVORCE

Financial infidelity in marriage:  Introduction Financial infidelity in marriage is a recurring problem.  Couples heading to divorce argue about many things – the kids, sex, in-laws, the house, division of labour – but a study from Utah State University and recent statistical findings from online divorce service MyDivorcePapers.com (MDP) have re-confirmed that the cause of […]

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HELP FOR SENIORS IN DEBT-SENIORS IN DEBT, PART 2

Last week we discussed “What Do The Golden Years Really Look Like”?This week we’ll be addressing why the majority of seniors are in debt and provide help for seniors in debt. Seniors are facing a myriad of financial issues that have made their anticipated “golden years” anything but golden. The Sandwich Generation: Many are still […]

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DEBT AND DEATH – DON’T LET YOUR DEBT HAUNT FUTURE GENERATIONS

Death and taxes are certain; but serious debt is optional. The importance of budgeting and living debt free cannot be overstated. In our last two blogs – Is the Ultimate Indignity to Bankrupt a Deceased Person Part 1 and Part 2, we discussed the problems that can arise when there is debt and death. Sixty-seven […]

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CAN YOU BANKRUPT A DEAD PERSON? DEATH OF A DEBTOR, PART 1

If you have an aging or aged parent, you no doubt have had discussions surrounding living wills, end of life medical decisions and funerals. However, there is one topic that many families consider taboo – money – because many adult children consider it disrespectful to discuss finances with their parents. But, the truth is that […]

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I’ll fix my ex, I’ll go bankrupt – do bankruptcy and divorce work?

“Ah, yes, divorce . . . from the Latin word meaning to rip out a man’s genitals through his wallet”. Robin Williams Does bankruptcy and divorce together work? The movies “War of the Roses” and “First Wives Club” were great comedies, but they were also sad commentaries on how down and dirty some divorces can […]

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MARITAL BREAKDOWN AND BANKRUPTCY: WHICH COMES FIRST?

Just like the old conundrum, “which came first; the chicken or the egg” how would one answer, marital breakdown and bankruptcy:  which comes first? It has no definitive answer because excellent arguments can be made for both sides. The same holds true for “divorce and bankruptcy; which comes first”? Each case has to be decided […]

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YOU’RE RICHER THAN YOU THINK: CULTIVATING HEALTHY FINANCIAL HABITS TO OVERCOME MONEY DYSMORPHIA

You’re Richer Than You Think: What Is Money Dysmorphia? You’re richer than you think is a slogan used by The Bank of Nova Scotia for its ScotiaBank consumer financial products advertisements. It is normal for Canadians to be concerned about their finances and whether they will have enough to pay bills, pay for their children’s […]

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